Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 3.5
Auction ID:613642
Bank Name:Liquidation E-Auction
Branch Name:Mumbai
Reserve Price:₹3,83,500
EMD:₹38,350
Bid Increment:₹20,000
Auction Time:10:00 AM to 8:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-07
Bid Start Date:2025-12-10
Property Description
This is a liquidation auction for vehicles located in Mumbai City, Mumbai, Maharashtra. The borrower is M/s JET AIRWAYS (INDIA) LIMITED (IN LIQUIDATION). This auction presents an opportunity to acquire vehicles through an e-auction process.
State:Maharashtra
City:Mumbai
Area:Mumbai City
Asset Category:Vehicle Auctions
Full Address:Sterling Centre, 401-407, Sterling Centre, 4th Floor, Andheri Kurla Road, Chakala, Andheri East, Mumbai, Andheri East, Mumbai
Building/Society:Sterling Centre
Auction Description
An online liquidation auction will be held on December 10, 2025, from 10:00 AM to 8:00 PM. The reserve price for the assets is INR 383,500, with an Earnest Money Deposit (EMD) of INR 38,350. This is a unique chance to participate in a vehicle liquidation auction in the heart of Mumbai.
Borrower Name:M/s JET AIRWAYS (INDIA) LIMITED (IN LIQUIDATION)
Auction Type:Liquidation Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The Swift Dzire auction represents a calculated risk due to the nature of vehicle auctions and the liquidation context. The relatively low reserve price might attract bidders, but potential maintenance and repair costs need careful consideration. Given the location and auction terms, it's not a prime investment but could be worthwhile for savvy buyers.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:BAANKNET
Contact Details:
Nikhil Lele
Contact no:+91-9923695656
