Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614265
Bank Name:Canara Bank
Branch Name:Regional Office : Bhopal
Reserve Price:₹1,49,50,000
EMD:₹14,95,000
Bid Increment:₹10,000
Auction Time:12:00 PM to 1:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-21
Bid Start Date:2025-11-21
Property Description
This auction features a valuable collection of Plant & Machinery located in Govindpura, Bhopal, Madhya Pradesh. The assets, belonging to M/s Ravi Engineering Works, are categorized as scrap and are being auctioned by Canara Bank under SARFAESI provisions. This is a prime opportunity for those looking to acquire industrial equipment and machinery.
State:Madhya Pradesh
City:Bhopal
Area:Govindpura
Asset Category:Scrap, Plant & Machinery
Full Address:3, Plot No. 3 Sector-B, Industrial Area Govindpura, Govindpura, Bhopal
Auction Description
Canara Bank is conducting a SARFAESI auction for Plant & Machinery in Govindpura, Bhopal, Madhya Pradesh. The auction will take place online on November 21, 2025, from 12:00 PM to 01:00 PM. The reserve price is set at ₹1,49,50,000, with an Earnest Money Deposit (EMD) of ₹14,95,000. This auction presents a unique chance to acquire substantial industrial assets.
Borrower Name:M/s Ravi Engineering Works
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Binny Shankar W/o Shri Ravi Shankar
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a calculated opportunity due to its industrial nature and location in Govindpura, Bhopal. The reserve price appears reasonable, but potential buyers should conduct thorough due diligence regarding the plant and machinery. The auction terms are standard, making it a potentially viable investment for those seeking industrial assets.
Contact Details
Branch:Branch Office : Regional Office : Bhopal
Service Provider:BAANKNET
Contact Details:
Contact no: —
