Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610866
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹6,07,500
EMD:₹60,750
Bid Increment:₹5,000
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 is a vehicle auction being conducted by the Bank of India in Indore, Madhya Pradesh. The asset is a vehicle belonging to Mr. Rajesh Khede, currently under the SARFAESI Act. The auction presents an opportunity to acquire a vehicle through a transparent bidding process.
State:Madhya Pradesh
City:Indore
Area:Indore
Asset Category:Vehicle Auctions
Full Address:225, Tillor Khurd, Kanadia, Kanadia, Indore
Auction Description
The Bank of India is holding a SARFAESI auction for a vehicle in Indore, Madhya Pradesh. The bidding will commence on November 25, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this auction is ₹607,500, with an Earnest Money Deposit (EMD) of ₹60,750 required to participate. This is a single-day online auction event.
Borrower Name:Mr Rajesh Khede
Auction Type:SARFAESI Auction
Legal Details
Possession Status:As Is Where Is
Encumbrance Details:Not Known to Bank
Why This Property
The vehicle presents a reasonable opportunity given its relatively new model year and recognized brand. However, the auction terms and 'As Is' condition warrant careful inspection. The final investment decision depends on a comprehensive assessment of the vehicle's condition and market value.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
