Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609023
Bank Name:Union Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,67,00,000
EMD:₹16,70,000
Bid Increment:₹1,00,000
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This auction features a significant lot of Scrap, Plant & Machinery located in Sellamanthadi, Dindigul, Tamil Nadu. The assets belong to M/s Vanipriya Textiles Pvt ltd. Ideal for businesses looking to acquire industrial equipment and materials at a competitive price. The property is being auctioned under the SARFAESI Act by Union Bank of India.
State:Tamil Nadu
City:Dindigul
Area:Sellamanthadi
Asset Category:Scrap, Plant & Machinery
Full Address:Survey no:38/1,38/2,38/3, 38/4 &39/2,39/3, Village Seelapadi, Karur Road, Sellamanthadi, Sellamanthadi, Dindigul
Auction Description
Union Bank of India presents a SARFAESI auction for a substantial collection of Scrap, Plant & Machinery in Sellamanthadi, Dindigul, Tamil Nadu. The auction will commence on 14-11-2025 at 12:00 PM and conclude at 5:00 PM on the same day. The reserve price is set at ₹1,67,00,000, with an EMD of ₹16,70,000 required to participate. Don't miss this opportunity to acquire valuable industrial assets.
Borrower Name:M/s Vanipriya Textiles Pvt ltd
Auction Type:SARFAESI Auction
Guarantor Names:M/s K S Yarn Synthetics LLP, Mr. Sagar Kamal Birla, Mrs. Uma Kamal Birla
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to A.O.
Why This Property
The property is an industrial plant & machinery in Dindigul, offered at a reserve price of ₹16,700,000. While the location may have regional industrial value, potential buyers should conduct thorough due diligence. Given the symbolic possession and 'As Is Where Is' basis, this presents a calculated opportunity.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Rajesh Kumar
Contact no:8088980811
