Union Bank of India Factory land and Building Auction in Focal Point (L), Ludhiana

Factory land and Building located at Focal Point (L), Ludhiana, Punjab. The property is leasehold, measuring 13093 Square Yards, bearing No. B -56, M.C. Number B-XXX-2185/B-56, situated at Phase VII, Opposite Keshav Computer Kanda. The property is bounded by a road on the East and West, Lovely Dying (Plot-55) on the North, and Shree Ansh Ispat /Plot No 57 on the South.

Union Bank of India is conducting a SARFAESI auction for a leasehold factory land and building located at Focal Point (L), Ludhiana. The property measures 13093 Square Yards and is identified by No. B -56, M.C. Number B-XXX-2185/B-56. It is situated in Phase VII, Opposite Keshav Computer Kanda. The property is bounded by a road to the East and West, Lovely Dying (Plot-55) to the North, and Shree Ansh Ispat /Plot No 57 to the South. The borrower is M/s Paramount Steels Ltd. The property is being auctioned with symbolic possession. The reserve price is 110,500,000.00 and the Earnest Money Deposit (EMD) is 11,050,000.00. The auction will be conducted by BAANKNET. The auction starts on 28-02-2025 at 12:00 PM and ends on 28-02-2025 at 05:00 PM. Application submission deadline is 28-02-2025 at 11:00 AM.