Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611012
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,37,00,000
EMD:₹13,70,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features a significant collection of plant and machinery located in Jawali, Satara, Maharashtra. The assets fall under the category of scrap, plant, and machinery, presenting a valuable opportunity for buyers in related industries or those looking for used equipment. The property is being auctioned by Canara Bank under the SARFAESI Act, indicating a distressed sale.
State:Maharashtra
City:Satara
Area:Jawali
Asset Category:Scrap, Plant & Machinery
Full Address:Gat No 676 situated at At Post indavali Turf-Kudal Tal. Jawali, Dist Satara 415514, Jawali, Satara
Auction Description
Canara Bank is conducting a SARFAESI auction for plant and machinery in Jawali, Satara, Maharashtra. The auction will take place on November 25, 2025, starting at 12:00 PM and concluding at 01:00 PM. The reserve price is set at INR 1,37,00,000, with an Earnest Money Deposit (EMD) of INR 13,70,000 required to participate. This is a unique opportunity to acquire industrial assets at potentially competitive prices.
Borrower Name:Mr. Nitin Mohan Gole
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Nitin Mohan Gole
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial plant and machinery in a rural location. The auction terms seem standard, and the 'Not Known to Bank' for encumbrances adds a slight risk factor. It might be a calculated opportunity for the right buyer familiar with the local industrial market.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
