Shop for auction 214 Narasaraopet R, Edlapadu, Guntur by Indian Bank

The property comprises several adjacent parcels of land and buildings located in Timmapuram Grama Panchayath & Village, Edlapadu Mandal, Narasaraopet R.D., Chilakaluripet Sub-Dist., Guntur District (now Palnadu District), Andhra Pradesh. The parcels are associated with M/s Kalpataruvu Spinning Mills Pvt Ltd. Item No. 1 is 2.86 acres (13842.5 sq yds) out of 6.90 acres. Item No. 2 is 0.53 cents (2565 sq yds) out of 3.22 acres. Item No. 3 is 3.45 cents (16698 sq yds) out of 6.90 acres. Item No. 4 is 3360.41 Sq Yds (2822.74 Sq mts) of R.C.C. Roof Staff quarters, out of a total of 7.15 acres. Item No. 5 includes the hypothecated plant & machinery, spares, and other assets at the factory. The properties have been taken possession of as a single unit under the SARFAESI Act due to their adjacency. The property is bounded by various land parcels, roads, and other identifiable limits as detailed in the original notice.

Indian Bank is conducting a SARFAESI auction for a commercial property located in Edlapadu, Guntur, Andhra Pradesh. The property includes land and buildings, specifically a spinning mill, with multiple itemized parcels. The auction offers land and building parcels, including staff quarters and associated machinery. The total land area across the described items is approximately 7.15 acres. The auction is for M/s Kalpataruvu Spinning Mills Pvt Ltd. The reserve price is INR 45,54,70,270 and the EMD is INR 4,55,47,027. The auction will take place on March 26, 2025, from 10:00 AM to 5:00 PM.