Plot for auction 1 POWER LOOM MACHINERIES, Kumarapalayam, Coimbatore by Canara

A residential plot situated in Kumarapalayam, a developing area within Coimbatore, Tamil Nadu. This property is being auctioned by Canara Bank under the SARFAESI Act. The plot offers a potential opportunity for residential development or investment in a growing region of Tamil Nadu. Its location in Coimbatore provides access to urban amenities and infrastructure. The property is part of a SARFAESI auction initiated due to loan default by M/s. Sri Dhanalakshmi Textiles.

Canara Bank presents a SARFAESI auction for a residential plot located in Kumarapalayam, Coimbatore, Tamil Nadu. The auction is scheduled for August 30, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this asset is INR 750,000, with an Earnest Money Deposit (EMD) of INR 75,000 required to participate. This is an opportunity to acquire property through a bank auction, a process governed by the SARFAESI Act. Prospective bidders are advised to conduct their own due diligence regarding the property and the auction terms. This auction is conducted due to the borrower, M/s. Sri Dhanalakshmi Textiles, defaulting on their loan.