Property for Auction in Wada, Palghar, Maharashtra
Auction ID:537620
Bank Name:Liquidation E-Auction
Branch Name:Mumbai
Reserve Price:₹7,02,69,475
EMD:₹70,00,000
Service Provider:BAANKNET
Submission Date:12-08-2025 05:00 PM
Bid Start Date:14-08-2025 03:30 PM
Commercial Property located in Wada, Palghar, Maharashtra. The property includes Survey Nos-233, 234, 235, 236,240, 241, 242 in village Mangathane and Survey No. 24 of Village Vardha, Taluka Wada, District Palghar. The total area of the property is 49.680 SOMT.
State:Maharashtra
City:Palghar
Area:Wada
Asset Category:Commercial
This is a liquidation e-auction for a commercial property located in Wada, Palghar, Maharashtra. The property is being sold as a going concern, including all its assets and liabilities, as per Regulation 32(e) of IBBI (Liquidation Process) Regulations, 2016. The sale excludes cash and bank balances, and recoveries from avoidance transactions pending before the NCLT. The property comprises Survey Nos-233, 234, 235, 236,240, 241, 242 in village Mangathane and Survey No. 24 of Village Vardha, Taluka Wada, District Palghar, with a total area of 49.680 SOMT. The auction is conducted by Liquidation E-Auction, with BAANKNET as the service provider. The reserve price is 70,269,475.00 and the EMD is 7,000,000.00. The auction will take place on August 14, 2025, from 3:30 PM to 5:30 PM.
Borrower Name:VINDHYAVASINI ISPAT INDUSTRIES PRIVATE LIMITED
Auction Type:Liquidation Auction
Mr. Asish Narayan Contact No : +91 9920299049