Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609131
Bank Name:Punjab National Bank
Branch Name:SAMB CHANDIGARH
Reserve Price:₹26,10,000
EMD:₹2,61,000
Bid Increment:₹1,00,000
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 is a residential plot located in Jalalabad, Fazilka, Punjab. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It presents an opportunity for investment or development in a key area of Punjab.
State:Punjab
City:Fazilka
Area:Jalalabad
Asset Category:Residential
Full Address:923/2, Old property No. B-1-307, 923/2, Old property No. B-1-307, Situated at opposite Gandhi Computers link street to Aggarwal Street, Aggarwal Colony, Jalalabad, Fazilka, Punjab
Size:1140 sq. ft.
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot in Jalalabad, Fazilka, Punjab. The auction will take place on November 26, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price is set at ₹26,10,000 with an Earnest Money Deposit (EMD) of ₹2,61,000. This auction offers a chance to acquire a plot of land through a formal banking process.
Borrower Name:M/s Manav Rice Mills
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Reena Nagpal W/o Late Rajesh Nagpal, Sh. Manav Nagpal S/o Late Rajesh Nagpal, Ms. Neha Nagpal D/o Late Rajesh Nagpal
Legal Details
Possession Status:Physical
Encumbrance Details:Attachment order of Excise & Taxtation Ferozepur for Rs.1,98,79,321/-Letter No. 755 dt 12.12.2019
Why This Property
The property is a residential plot in Jalalabad, Punjab, offered at a reasonable reserve price. While the location seems accessible, potential bidders should verify the encumbrance details. This represents a calculated opportunity for local investors familiar with the area.
Contact Details
Branch:Branch Office : SAMB CHANDIGARH
Service Provider:BAANKNET
Contact Details:
Shri Nand Kishore Barnwal
Contact no:97352-44455
