Property Type:
Location:
Auction Date: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
