Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611022
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹13,30,000
EMD:₹1,33,000
Auction Time:04:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This listing features a vehicle up for auction by Union Bank of India in Pune, Maharashtra. The auction is conducted under the SARFAESI Act. The property is categorized as a vehicle.
State:Maharashtra
City:Pune
Area:Pune
Asset Category:Vehicle Auctions
Full Address:Suyog Plaza, Asset Recovery Branch, Suyog Plaza, 1st Floor, 1278, Jangali Maharaj Road, Pune-411 004, Jangali Maharaj Road, Pune
Building/Society:Suyog Plaza
Auction Description
Union Bank of India is holding a SARFAESI auction for a vehicle in Pune, Maharashtra. The auction is scheduled to take place on November 21, 2025, starting at 04:00 PM and concluding at 05:00 PM. The reserve price for this auction is ₹13,30,000, with an Earnest Money Deposit (EMD) of ₹1,33,000 required. The borrower associated with this asset is M/s Sairaj Span Pipe.
Borrower Name:M/s Sairaj Span Pipe
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Manoj Namdevrao Kad
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The auction of a commercial vehicle presents a calculated opportunity. While the location in Pune is favorable, the specific type of property (truck) requires expertise for valuation and utilization. The reserve price and EMD should be carefully evaluated against market value and operational needs.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:Public Auction
Contact Details:
Authorized Officer
Contact no:8169178780
