Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:610867
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹40,000
EMD:₹4,000
Bid Increment:₹2,500
Auction Time:11:00 AM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This auction features a vehicle from Bank of India in Indore, Madhya Pradesh. The property is being sold under the SARFAESI Act due to non-payment by the borrower, Mr Mahesh Kumar. This is a great opportunity to acquire a vehicle through a transparent auction process.
State:Madhya Pradesh
City:Indore
Area:Indore
Asset Category:Vehicle Auctions
Full Address:Indore, Indore, Indore
Auction Description
Bank of India presents a SARFAESI vehicle auction in Indore, Madhya Pradesh. The auction starts on November 25, 2025, at 11:00 AM and concludes at 05:00 PM on the same day. The reserve price is set at INR 40,000.0, with an Earnest Money Deposit (EMD) of INR 4,000.0 required to participate. Bid on this vehicle asset from Mr Mahesh Kumar's account.
Borrower Name:Mr Mahesh Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Madanial Solanki
Legal Details
Possession Status:As is Where is
Encumbrance Details:Not Known to Bank
Why This Property
The vehicle auction in Indore presents a calculated opportunity. The low reserve price and EMD make it accessible, but thorough inspection and due diligence are crucial given the 'As Is Where Is' basis. Location is a plus.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
