Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:613595
Bank Name:Central Bank of India
Branch Name:KOCHI REGIONAL OFFICE
Reserve Price:₹41,31,000
EMD:₹4,13,000
Service Provider:BAANKNET
Important Dates
Submission Date:14-12-2025 05:00 PM
Bid Start Date:15-12-2025 10:00 AM
Property Description
This listing is for a vehicle auction held by the Central Bank of India in Kannur, Kerala. The asset category is Vehicle Auctions, and the specific property type is a Vehicle. The auction is conducted under SARFAESI Act. The borrower is Mr. Prasad Kumar.
State:Kerala
City:Kannur
Area:Kannur
Asset Category:Vehicle Auctions
Full Address:Kannur, Kannur, Kerala, Kannur, Kannur
Auction Description
Central Bank of India is conducting a SARFAESI auction for a vehicle in Kannur, Kerala. The auction starts on December 15, 2025, at 10:00 AM and ends on the same day at 06:00 PM. The reserve price is ₹41,31,000.00, and the Earnest Money Deposit (EMD) is ₹4,13,000.00.
Borrower Name:Mr. Prasad Kumar
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
This vehicle auction in Kannur presents a calculated opportunity due to the chance of acquiring a vehicle below market value. However, the specific condition and history of the vehicle warrant careful inspection before bidding. The reserve price and EMD are significant factors to consider, balancing potential gains with inherent risks associated with auction acquisitions.
Contact Details
Branch:Branch Office : KOCHI REGIONAL OFFICE
Service Provider:BAANKNET
Contact Details:
Contact no: —
