Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:614057
Bank Name:Canara Bank
Branch Name:Circle Office : Gandhinagar
Reserve Price:₹33,00,000
EMD:₹3,30,000
Auction Time:01:00 PM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features a diverse lot of Plant & Machinery from M/s. Uttam Cotton Industries, located in Mahuva, Bhavnagar, Gujarat. This is an opportunity to acquire various types of industrial equipment categorized as scrap, suitable for recycling or component salvage. The assets are being auctioned by Canara Bank under the SARFAESI Act.
State:Gujarat
City:Bhavnagar
Area:MAHUVA
Asset Category:Scrap, Plant & Machinery
Full Address:Survey No. 486/P1, Village Talgajarda, Taluka District-Bhavnagar, MAHUVA, Bhavnagar
Auction Description
Canara Bank is conducting a SARFAESI auction for Plant & Machinery in Mahuva, Bhavnagar, Gujarat. The auction will take place on November 25, 2025, from 01:00 PM to 03:00 PM. The reserve price for the assets is INR 33,00,000, with an Earnest Money Deposit (EMD) of INR 3,30,000 required to participate. This auction is ideal for buyers looking for scrap industrial equipment and machinery.
Borrower Name:M/s. Uttam Cotton Industries
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The plant & machinery represents a niche industrial asset. Located in Bhavnagar, the reserve price requires careful evaluation against market conditions. Given the auction terms and property type, it's a calculated opportunity.
Contact Details
Branch:Branch Office : Circle Office : Gandhinagar
Service Provider:BAANKNET
Contact Details:
Contact no: —
