Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609182
Bank Name:Bank of Baroda
Branch Name:Regional Office - Stressed Assets Recovery Branch
Reserve Price:₹17,00,000
EMD:₹1,70,000
Bid Increment:₹10,000
Auction Time:14:00:00 to 18:00:00
Service Provider:BAANKNET
Important Dates
Submission Date:08-11-2025 05:00 PM
Bid Start Date:2025-11-10
Property Description
This auction features a valuable lot of scrap, plant, and machinery assets located in Rasmada, Durg, Chhattisgarh. The assets belong to M/s J K Powertech Pvt Ltd and are being auctioned by Bank of Baroda under the SARFAESI Act. This is an excellent opportunity to acquire a range of industrial equipment and scrap materials.
State:Chhattisgarh
City:Durg
Area:Rasmada
Asset Category:Scrap, Plant & Machinery
Full Address:C-24, Plot No C-24, Zone A, Borai Industrial Area, Rasmada,Gram Rasmada,Tah and Dist Durg, Rasmada, Durg
Auction Description
Bank of Baroda presents a SARFAESI auction for scrap, plant, and machinery assets in Rasmada, Durg, Chhattisgarh. The auction will take place on November 10, 2025, from 2:00 PM to 6:00 PM. The reserve price for this auction is ₹17,00,000, with an Earnest Money Deposit (EMD) of ₹1,70,000 required to participate. Don't miss this chance to bid on significant industrial assets.
Borrower Name:M/s J K Powertech Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Jaiprakash Narayandas Kapadia, Mrs. Neeta Jaiprakash Kapadia
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a potential industrial asset in a developing area. The reserve price seems reasonable. However, potential buyers should conduct thorough due diligence before participating in the auction.
Contact Details
Branch:Branch Office : Regional Office - Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9450802051
