Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609571
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹31,10,000
EMD:₹3,11,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-14
Bid Start Date:2025-11-14
Property Description
This is a bank auction of a vehicle by the Bank of India in Sambalpur, Odisha. The property is listed under the SARFAESI Act and is categorized as a vehicle auction. The borrower associated with this asset is M/s Golden Cargo Movers. The auction is held in the city of Sambalpur.
State:Odisha
City:Sambalpur
Area:Sambalpur
Asset Category:Vehicle Auctions
Full Address:Shop No.02, Golden Market, First Floor, Shop No.02, Golden Market, Hirapur Bypass, Bhanpuri, Raipur-493221, Hirapur, Raipur
Building/Society:Golden Market
Auction Description
The Bank of India is conducting a SARFAESI auction for a vehicle in Sambalpur, Odisha. The auction will commence on November 14, 2025, at 11:00 AM and conclude on the same day at 5:00 PM. The reserve price for this auction is ₹31,10,000, with an Earnest Money Deposit (EMD) of ₹3,11,000 required to participate. This is an opportunity to bid on a vehicle asset through a secured public auction process.
Borrower Name:M/s Golden Cargo Movers
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The 2023 TATA SIGNA Tipper presents a reasonable opportunity, given its recent manufacturing year and potential utility. The location is a consideration, and prospective buyers should thoroughly inspect the vehicle. A reserve price of ₹3,110,000 warrants careful evaluation.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Mr Manas Ranjan Panda
Contact no:7008582739
