Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612927
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: THRISSUR
Reserve Price:₹45,000
EMD:₹4,500
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 is a bank auction of a vehicle located in Thalapally, Karimnagar, Telangana. The auction is being conducted by Canara Bank under the SARFAESI Act. The asset category is Vehicle Auctions, and the specific property type is a vehicle. The borrower for this auction is M/s J Enterprises.
State:Telangana
City:Karimnagar
Area:Thalapally
Asset Category:Vehicle Auctions
Full Address:Thalapally, Karimnagar, Telangana, Thalapally, Karimnagar
Auction Description
Canara Bank is holding a SARFAESI auction for a vehicle in Thalapally, Karimnagar on November 24, 2025. The auction will start at 11:00 AM and conclude at 12:00 PM on the same day. The reserve price for this auction is ₹45,000, with an Earnest Money Deposit (EMD) of ₹4,500 required to participate.
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 OLA S1 AIR Electric vehicle presents a calculated opportunity given its relatively low reserve price in the current market. While the location might limit its broader appeal, the electric vehicle aspect adds potential value. Auction terms require careful consideration.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: THRISSUR
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no: —
