Plant & Machinery for auction KK Nagar Tirunelveli 1 Cr Indian Bank

Property for Auction in Tirunelveli, Tirunelveli, Tamil Nadu

Recommendation
Calculated OpportunityScore: 6.5
Possession
Symbolic
Reserve Price
1,00,00,000
Reserve Price
1,00,00,000
EMD Required
10,00,000
Property Specifications
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Plant & Machinery
Location IconLocation:
Tirunelveli, Tirunelveli
Auction Date IconAuction Date:
10-12-2025 10:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.5

Auction ID:610446

Bank Name:Indian Bank

Branch Name:TIRUNELVELI JUNCTION BRANCH

Reserve Price:1,00,00,000

EMD:10,00,000

Bid Increment:10,000

Auction Time:10.00 am to 4.0 pm

Service Provider:BAANKNET

Important Dates

Submission Date:09-12-2025 05:00 PM

Bid Start Date:2025-12-10

Property Description

This auction features a valuable collection of Plant & Machinery located in Tirunelveli, Tamil Nadu. The assets, belonging to borrower Mis SHRIE JANANI SCANS, are categorized as scrap, plant, and machinery. This is an excellent opportunity for businesses looking to acquire industrial equipment at a competitive price. The property is situated in the heart of Tirunelveli city.

State:Tamil Nadu

City:Tirunelveli

Area:Tirunelveli

Asset Category:Scrap, Plant & Machinery

Full Address:5/1, Vinayagar Nagar, 2nd Street, KK Nagar, Opp. to old Devadoss Hospital, MADURAI-625020, KK Nagar, Tirunelveli

Auction Description

Indian Bank is conducting a SARFAESI auction for Plant & Machinery in Tirunelveli, Tamil Nadu. The auction will take place on December 10, 2025, from 10:00 AM to 04:00 PM. The reserve price is ₹10,000,000, with an Earnest Money Deposit (EMD) of ₹1,000,000. This is a prime opportunity to acquire industrial assets. Interested bidders are advised to review all auction terms and conditions.

Borrower Name:Mis SHRIE JANANI SCANS

Auction Type:SARFAESI Auction

Guarantor Names:Dr. T SELVA MAHESH, Mr. T SOLAI SELVAN, Smt. M RAJALAKSHMI

Legal Details

Possession Status:Symbolic

Encumbrance Details:NIL

Why This Property

The property consists of plant and machinery, offering potential value for businesses in the medical or related sectors. The location in Tirunelveli could be a factor depending on market demand. The auction terms appear standard, suggesting a calculated approach is warranted.

Contact Details

Branch:Branch Office : TIRUNELVELI JUNCTION BRANCH

Service Provider:BAANKNET

Contact Details:

Contact no:8291220220

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