Plant & Machinery Bank Auction Symbolic Possession

Plant & Machinery for Auction in Pallathur, Sivaganga – Indian Bank

Pallathur, Sivaganga, Tamil Nadu · Auction ID #110047

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Plant & Machinery for auction in Pallathur, Sivaganga – Indian Bank – photo 1
Plant & Machinery for auction in Pallathur, Sivaganga – Indian Bank – photo 2
Plant & Machinery for auction in Pallathur, Sivaganga – Indian Bank – photo 3
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Reserve Price ₹33,00,000 17.5% lower than previous auction (₹40 L)
EMD (Earnest Money)—
Bid Increment—
Auction Date 20 Nov 2026, 10:00 AM In 7 days
EMD Last Date 20 Nov 2026, 04:00 PM In 7 days
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Property Details

Property type
Plant & Machinery (Plant & Machinery)
Possession
Symbolic Possession
Locality
Pallathur
Pincode
630107
Address
Pallathur, Tamil Nadu, 630107 View on map

Description (as per sale notice)

BAANKNET Property ID: IDIB65368014973
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Bank & Auction Details

Bank / Lender
Indian Bank
Branch
SAM SMALL MADURAI - 1880
Auction type
Bank Auction
Borrower
SKM C*** S*****
Auction start
20 Nov 2026, 10:00 AM
Auction end
20 Nov 2026, 05:00 PM
EMD submission deadline
20 Nov 2026, 04:00 PM
Inspection
11 Nov 2026, 10:00 AM – 12 Nov 2026, 04:00 PM
Authorised officer
Sajan Joseph
Officer contact
9442153709
E-auction portal
BAANKNET (Property ID IDIB65368014973)
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Previous Auctions of This Property

Auction dateReserve price
20 Nov 2026₹33,00,000This auction
06 Nov 2026₹40,00,000View

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 11 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IDIB65368014973)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 20 Nov 2026, 04:00 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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