Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609433
Bank Name:Federal Bank
Branch Name:LCRD - Mumbai Division
Reserve Price:₹21,78,000
EMD:₹2,17,800
Bid Increment:₹5,000
Auction Time:11:30 AM to 2:30 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-04
Property Description
This listing is for a vehicle offered in a Federal Bank SARFAESI auction located in Mumbai City, Mumbai, Maharashtra. The auction is for the asset category of Vehicle Auctions.
State:Maharashtra
City:Mumbai
Area:Mumbai City
Asset Category:Vehicle Auctions
Full Address:Tokersey Chawl, 4th Floor, GRD.10/11, Tokersey Chawl, Datta Mandir Marg, Off TJ Road, Near Post Office, Sewree, Sewree, Mumbai
Building/Society:Tokersey Chawl
Auction Description
Federal Bank is conducting a SARFAESI auction for a vehicle in Mumbai City, Mumbai, Maharashtra on 04-12-2025. The auction will begin at 11:30 AM and conclude at 02:30 PM. The reserve price is INR 2,178,000, with an Earnest Money Deposit (EMD) of INR 217,800 required.
Borrower Name:Smt. Yashwanti Sachin Jadhav
Auction Type:SARFAESI Auction
Guarantor Names:Shri. Sachin Ashok Jadhav
Legal Details
Encumbrance Details:No encumbrance in respect of the movable property/ies has come to the knowledge and information of the Bank.
Why This Property
This vehicle, a Tata Signa truck in Mumbai, presents a calculated opportunity. The reserve price seems reasonable, and the auction terms are standard. However, potential bidders should thoroughly inspect the vehicle and consider market demand for commercial vehicles in the area.
Contact Details
Branch:Branch Office : LCRD - Mumbai Division
Service Provider:drt.auctiontiger.net
Contact Details:
Rajeshkumar P
Contact no:91-8828226729
