Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613093
Bank Name:Debts Recovery Tribunal
Branch Name:Chandigarh
Reserve Price:₹86,54,000
EMD:₹8,65,000
Bid Increment:₹50,000
Auction Time:14:00: PM to 15:00: PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-12-19
Bid Start Date:2025-12-20
Property Description
This is a unique opportunity to acquire a residential plot in Ludhiana, Punjab, through a Debts Recovery Tribunal (DRT) auction. Located in the bustling city of Ludhiana, this plot offers a prime location for residential development. The property is being auctioned by the Debts Recovery Tribunal, presenting a chance to own a valuable asset in a sought-after area.
State:Punjab
City:Ludhiana
Area:Ludhiana
Asset Category:Residential
Full Address:B-XXI-3376, Street No.5, Near I. T.I. College, Opposite Power House, New Janta Nagar, Gill Road, Ludhiana, New Janta Nagar, Ludhiana
Size:801.50 square yards
Auction Description
This is a Debts Recovery Tribunal (DRT) auction for a residential plot in Ludhiana, Punjab. The auction is being conducted by the Debts Recovery Tribunal. The reserve price for this property is INR 8,654,000, with an Earnest Money Deposit (EMD) of INR 865,000. The bidding process will take place on 20-12-2025, starting at 02:00 PM and concluding at 03:00 PM. This is a sealed bid auction for the property of M/s Vishwanath Industries.
Borrower Name:M/s Vishwanath Industries
Auction Type:DRT Auction
Guarantor Names:Shri Arihant Kumar, Shri Manish Kumar, Shri Sham Sunder, Shri Shanker Gupta, Shri Tarsem Lal, Shri Jawahar Lal, Smt Suman, Sri Niranjan Das Duggal, Smt. Moorti Gupta
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property's industrial zoning and location in Ludhiana present an opportunity, but the outstanding debt caution necessitates thorough due diligence. The reserve price seems reasonable given the size of the plot. Proceed with careful consideration of potential legal and financial encumbrances.
Contact Details
Branch:Branch Office : Chandigarh
Service Provider:bankeauctions.com / C1 India
Contact Details:
Mr. Jagnandan Singh Brar
Contact no:6239828981
