Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611863
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹3,68,17,000
EMD:₹36,81,700
Bid Increment:₹50,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This auction features a diverse lot of scrap, plant, and machinery assets belonging to M/s IPZ Enterprise, located in Bhatar(p), Purba Bardhaman, West Bengal. The assets are being sold "as is, where is" by Punjab National Bank through a SARFAESI auction. This is a unique opportunity to acquire industrial equipment and scrap materials.
State:West Bengal
City:Purba Bardhaman
Area:Bhatar(p)
Asset Category:Scrap, Plant & Machinery
Full Address:Vill+ PO- Orgaram, PS:-Bhatar, Dist Purba Burdwan WB Pin 713128, Orgaram, Purba Bardhaman
Size:1.32 Acres
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for plant and machinery assets. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this auction is ₹3,68,17,000, with an Earnest Money Deposit (EMD) of ₹36,81,700 required to participate. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:M/s IPZ Enterprise
Auction Type:SARFAESI Auction
Guarantor Names:Sk Imamuddin, Parsina Begam
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not known to Bank at present.
Why This Property
The plant and machinery located in Bhatar offers a calculated opportunity due to its industrial nature and location. While the reserve price is substantial, the potential for operational use or resale exists. Further due diligence is recommended to assess market demand and condition of assets.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Ashok Kumar
Contact no:9102405790
