Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:614307
Bank Name:State Bank of India
Branch Name:STRESSED ASSETS RECOVERY BRANCH-II , Ernakulam
Reserve Price:₹32,00,000
EMD:₹3,20,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a vehicle auction conducted by the State Bank of India in Ernakulam, Kerala. The property is a vehicle belonging to Smt. Ayishabi PT, being auctioned under SARFAESI rules. The reserve price for this auction is ₹32,00,000, with an Earnest Money Deposit (EMD) of ₹3,20,000 required to participate.
State:Kerala
City:Ernakulam
Area:Ernakulam
Asset Category:Vehicle Auctions
Full Address:C/o Saidamu, 21 B, Panathodi House, Kulamangalam, Valancherri PO, Kattipparuthi, Tirur, Malappuram 676 552, Valancherri, Ernakulam
Auction Description
The State Bank of India is holding a SARFAESI auction for a vehicle in Ernakulam, Kerala on December 10, 2025. Bidding will commence at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price is set at ₹32,00,000, and interested bidders must submit an EMD of ₹3,20,000. This is a prime opportunity to acquire a vehicle through a transparent bank auction process.
Borrower Name:Smt. Ayishabi PT
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The vehicle auction represents a calculated opportunity given its recent manufacturing year and potential for commercial use. The location in Ernakulam adds value, but potential bidders should thoroughly inspect the vehicle's condition before bidding. Auction terms are standard, requiring careful assessment before committing.
Contact Details
Branch:Branch Office : STRESSED ASSETS RECOVERY BRANCH-II , Ernakulam
Service Provider:BAANKNET
Contact Details:
Authorised Officer
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