Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611023
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 is a SARFAESI auction by Union Bank of India for a vehicle located in Pune, Maharashtra. The property is a vehicle owned by M/s Sairaj Span Pipe. This auction presents a unique opportunity to acquire a vehicle through a bank sale.
State:Maharashtra
City:Pune
Area:Pune
Asset Category:Vehicle Auctions
Full Address:MH-12-VT-3423, Pune, Pune
Auction Description
Union Bank of India is conducting a SARFAESI auction for a vehicle in Pune, Maharashtra. The auction will take place on November 21, 2025, starting at 4:00 PM and concluding at 5:00 PM. The reserve price is ₹13,30,000, with an Earnest Money Deposit (EMD) of ₹1,33,000. This is a timed online auction.
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 Ashok Leyland Truck offers a practical investment opportunity for commercial use, particularly in the transport sector. While the asset is a vehicle and not a traditional property, the relatively low reserve price and clear auction terms make it a calculated risk with potential for a reasonable return on investment, given its intended application.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:Public Auction
Contact Details:
Authorized Officer
Contact no:8169178780
