Plant & Machinery for auction Savali Miraj 11 lakh Punjab National Bank

This auction features a valuable collection of Plant & Machinery located in Miraj, Sangli, Maharashtra. The assets belong to F-Fork Founders Prop and are being auctioned by Punjab National Bank under the SARFAESI Act. This is an excellent opportunity to acquire industrial equipment classified as scrap, suitable for various manufacturing or recycling purposes. The property is situated in a key industrial area, offering potential for resale or operational use. All items are sold on an 'as is, where is' basis.

Punjab National Bank is conducting an online SARFAESI auction for Plant & Machinery in Miraj, Sangli, Maharashtra. 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 INR 11,00,000, with an Earnest Money Deposit (EMD) of INR 1,10,000 required to participate. This is a liquidation auction of scrap, plant, and machinery. Interested bidders are advised to review all terms and conditions provided by the bank before participating.

This industrial property in Miraj presents a calculated opportunity due to its location and the availability of plant & machinery. The reserve price is relatively attractive, but potential investors should conduct thorough due diligence to assess the condition and market value before bidding. The 'Symbolic' possession status adds a layer of risk that needs careful consideration.