Plant & Machinery SARFAESI Auction Symbolic Possession

Plant & Machinery for Auction in Choudwar, Cuttack – Indian Bank

Choudwar, Cuttack, Odisha · Auction ID #108224

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Plant & Machinery for auction in Choudwar, Cuttack – Indian Bank – photo 1
Reserve Price ₹73,70,000 30.5% lower than previous auction (₹1.06 Cr)
EMD (Earnest Money)—
Bid Increment—
Auction Date 20 Nov 2026, 11:00 AM In 8 days
EMD Last Date 19 Nov 2026, 11:00 PM In 7 days
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Property Details

Property type
Plant & Machinery (Plant & Machinery)
Possession
Symbolic Possession
Locality
Choudwar
State
Odisha
Pincode
754021
Address
Choudwar, Odisha, 754021 View on map

Description (as per sale notice)

BAANKNET Property ID: IDIB11163305835B
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Bank & Auction Details

Bank / Lender
Indian Bank
Branch
CUTTACK JAGATPUR - 5883
Auction type
SARFAESI Auction
Borrower
M/S L N I** M***
Auction start
20 Nov 2026, 11:00 AM
Auction end
20 Nov 2026, 05:00 PM
EMD submission deadline
19 Nov 2026, 11:00 PM
Inspection
09 Nov 2026, 11:00 AM – 18 Nov 2026, 04:00 PM
Authorised officer
ANIL PATTNAIK
Officer contact
8961822449
E-auction portal
BAANKNET (Property ID IDIB11163305835B)
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Previous Auctions of This Property

Auction dateReserve price
20 Nov 2026₹73,70,000This auction
09 Oct 2026₹1,06,08,000View

How to Participate in This Auction

  1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
  2. Inspect the property on 9 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IDIB11163305835B)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 19 Nov 2026, 11:00 PM. It is refunded if you don't win.
  5. Bid online on 20 Nov 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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Indian Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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