Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:612241
Bank Name:State Bank of India
Branch Name:Stressed Assets Recovery Branch
Reserve Price:₹11,05,000
EMD:₹1,10,500
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 asset category is Vehicle Auctions, and the property type is a vehicle. The auction is being held under the SARFAESI Act.
State:Odisha
City:Bhubaneswar
Area:Bhubaneswar
Asset Category:Vehicle Auctions
Full Address:Nuasahi, PO./P.S.: Jagatpur, Via: Jagatpur, Dist.: Cuttack, Odisha, PIN-754021, Jagatpur, Bhubaneswar
Auction Description
State Bank of India is holding a SARFAESI auction for a vehicle in Bhubaneswar, Odisha on November 20, 2025. The auction starts at 3:00 PM and ends at 4:00 PM. The reserve price for this vehicle is INR 11,05,000, with an Earnest Money Deposit (EMD) of INR 1,10,500. The borrower associated with this asset is Mr. Lalat Kishore Jena.
Borrower Name:Mr Lalat Kishore Jena
Auction Type:SARFAESI Auction
Guarantor Names:Khirod Chandra Jena
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The Ashok Leyland bus, offered at ₹1105000.0 in Bhubaneswar, presents a calculated opportunity. While the vehicle's age (manufactured in 2018) should be considered, the reserve price and auction terms might attract buyers seeking to expand their transport fleet. Thorough inspection is advised before bidding.
Contact Details
Branch:Branch Office : Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Kishora Chandra Sethi
Contact no:8763738667
