69 cent Office for Auction in Kochi – SBI

Property Details

Property type

Office (Commercial)

Possession

Not specified

Area

69 cent (≈ 30,056 sq ft)

Reserve price / sq ft

₹183

Locality

—

City

Kochi

State

Kerala

Pincode

682036

Address

OFFICE OF THE RECOVERY OFFICER D E B T S R E C O V E R Y T R I B U N A L - I ERNAKULAM 5 th Floor, K.S.H.B. Building, Panampilly Nagar, Ernakulam – 682036 □ 0484 –2324900 | e-mail: ro2drtekulam-dfs@nic.in PROCLAMATION OF SALE DRC No. 3942 e-Sale No 60/2026 PROCLAMATION OF SALE UNDER RULES 52, 53 & 54 OF SECOND SCHEDULE TO THE INCOME TAX ACT, 1961 READ WITH THE RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993 State Bank of India Vs. M/s. Karshakabandhu Agritech India Ltd & others Whereas, (1) M/s. Karshakabandhu Agritech India Ltd., Karshakabandhu Building, Kolathur.P.O., Kasargod District, represented by its Managing Director, (2) B.K.Balakrishnan, S/o.late Kannan Chettiyar, Balavanthurakka House, P.O.Bandi, Kasargod – 671 541, (3) M. Kunhambu, S/o.late M.Rama, House No.5/255, Adoor Village, P.O. Urdoor, Kasargod – 671 543, (4) M. Kunhambu Nair, S/o.K.Malingu Nair, Pandikandam, P.O.Kolathur, Kasargod – 671 541, (5) Shubha K V, D/o. late Bhaskaran K V, Kauppanganam House, Koluthur P.O., Kasaragod – 671541, (6) Surjith K V, D/o. late Bhaskaran K V, Kauppanganam House, Koluthur P.O., Kasaragod – 671541, have failed to pay the sum of Rs. 1,54,50,359,86 (Rupees One crore fiftyfour lakh fifty thousand three hundred and fiftynine and paisa eightysix only), as on 19.07.2013, payable by them in respect of the Recovery Certificate No. 3942 in OA No. 223/2012 issued by the Presiding Officer, Debts Recovery Tribunal, Ernakulam, and the interest and costs payable as per the Certificate. And whe View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Auction type

DRT Auction

Borrower

M/s K***** A***** I**** L** & o*****

Auction start

18 Dec 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

Recovery Officer, Ernakulam DRT

Officer contact

—

E-auction portal

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Price Check

This listing's reserve price works out to ₹183 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹2,726 per sq ft, so this one is 93% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues (open notice).
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,50,000 before —. It is refunded if you don't win.
5. Bid online on 18 Dec 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.