Property for Auction in Hussainpura, Ludhiana, Punjab
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614664
Bank Name:Liquidation E-Auction
Branch Name:Gurgaon
Reserve Price:₹1,60,00,000
EMD:₹3,21,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 03:00 PM
Service Provider:BAANKNET
Submission Date:2025-11-24
Bid Start Date:2025-11-27
This auction features a comprehensive lot of plant and machinery located in Hussainpura, Ludhiana, Punjab. The assets are being liquidated from VENUS GARMENTS (INDIA) LIMITED, now in liquidation. This is a prime opportunity to acquire industrial equipment categorized as scrap, plant, and machinery. The reserve price for this significant liquidation is INR 1.6 Crores, with an Earnest Money Deposit (EMD) of INR 3,21,000. Suitable for scrap dealers, industrial recyclers, or those looking for used machinery parts and equipment.
State:Punjab
City:Ludhiana
Area:Hussainpura
Asset Category:Scrap, Plant & Machinery
Full Address:Village Hussainpura, Opposite Hotel Amaltas, G T Road (West), Ludhiana, Punjab-141008, Hussainpura, Ludhiana
A liquidation e-auction will be held for the plant and machinery assets of VENUS GARMENTS (INDIA) LIMITED, in liquidation. The auction commences on November 27, 2025, at 11:00 AM and concludes at 03:00 PM on the same day. This is a sealed bid e-auction, offering a transparent and competitive bidding process. Interested parties must submit their bids within the stipulated time. The reserve price is set at INR 1.6 Crores, with an EMD of INR 3,21,000 required to participate. All asset details and auction terms will be available on the e-auction portal.
Borrower Name:VENUS GARMENTS (INDIA) LIMITED - In Liquidation
Auction Type:Liquidation Auction
Encumbrance Details:Not Known to Bank
The plant and machinery assets in Ludhiana offer a calculated opportunity for industrial investors. With a reserve price of ₹16,000,000 and clear auction terms, the location and asset type suggest potential for a specific market niche, but require due diligence on the condition and market demand.
Branch:Branch Office : Gurgaon
Service Provider:BAANKNET
Contact Details:
Pramod Kumar Misra
Contact no:+919810702519