Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612240
Bank Name:State Bank of India
Branch Name:Stressed Assets Recovery Branch
Reserve Price:₹11,82,600
EMD:₹1,18,260
Bid Increment:₹10,000
Auction Time:03:00 P.M. to 04:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This is a vehicle auction being conducted by the State Bank of India in Bhubaneswar, Odisha. The vehicle is being auctioned under the SARFAESI Act due to a loan default by the borrower, Mr Dillip Kumar Nayak. The auction will be held online.
State:Odisha
City:Bhubaneswar
Area:Bhubaneswar
Asset Category:Vehicle Auctions
Full Address:Bodhakhandi, P.O: Sisilo, Via: Balakati, Dist.: Khurdha, Odisha, PIN-752100, Bodhakhandi, Bhubaneswar
Auction Description
State Bank of India is holding a SARFAESI auction for a vehicle in Bhubaneswar, Odisha. The reserve price is INR 11,82,600, with an Earnest Money Deposit (EMD) of INR 1,18,260. The auction will take place on November 20, 2025, from 03:00 PM to 04:00 PM. Interested bidders must submit their bids within this timeframe.
Borrower Name:Mr Dillip Kumar Nayak
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The vehicle auction presents a calculated opportunity due to its commercial application and location in Bhubaneswar. The reserve price and EMD are relatively high. However, potential buyers should assess the vehicle's condition and market demand before bidding.
Contact Details
Branch:Branch Office : Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Kishora Chandra Sethi
Contact no:8763738667
