Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:612930
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: THRISSUR
Reserve Price:₹1,80,000
EMD:₹18,000
Auction Time:11:00 AM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-21
Bid Start Date:2025-11-24
Property Description
This listing features a vehicle up for auction by Canara Bank in Thalapally, Karimnagar, Telangana. The asset is being sold under the SARFAESI Act. The reserve price is INR 180,000, with an Earnest Money Deposit (EMD) of INR 18,000 required to participate. This is an excellent opportunity to acquire a vehicle through a transparent bank auction process.
State:Telangana
City:Karimnagar
Area:Thalapally
Asset Category:Vehicle Auctions
Full Address:Thalapally, Karimnagar, Telangana, Thalapally, Karimnagar
Auction Description
Canara Bank presents a SARFAESI auction for a vehicle located in Thalapally, Karimnagar, Telangana. The auction will be held online on November 24, 2025, starting at 11:00 AM and concluding at 12:00 PM. The reserve price is set at INR 180,000, and bidders must submit an EMD of INR 18,000. The auction is conducted under the provisions of the SARFAESI Act for the recovery of dues from M/s J Enterprises.
Borrower Name:M/s J Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Sri. J.Jimmy Varghese, Smt. Fino Sebastin, Sri.Jijo P.Varghese
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The Mahindra Treo Zor DV-Electric vehicle presents a calculated opportunity given its relatively low reserve price. While vehicles depreciate quickly, the electric nature might attract buyers seeking eco-friendly transport. Location in Karimnagar needs further market assessment for demand.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: THRISSUR
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no: —
