Plant & Machinery for Auction in Borgaon Textile Park, Belagavi – IOB

Property Details

Property type

Plant & Machinery (Plant & Machinery)

Possession

Symbolic Possession

Locality

Borgaon Textile Park

City

Belagavi

State

Karnataka

Pincode

591216

Address

Borgaon Textile Park, Karnataka, 591216 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

CHIKODI-2850

Auction type

SARFAESI Auction

Borrower

Shivani e*****

Auction start

10 Dec 2026, 10:00 AM

Auction end

10 Dec 2026, 04:00 PM

EMD submission deadline

10 Dec 2026, 04:00 PM

Inspection

06 Nov 2026, 10:22 AM – 09 Dec 2026, 05:23 PM

Authorised officer

Suhas T Lokhande

Officer contact

9113529342

E-auction portal

BAANKNET (Property ID IOBA2850003)

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 6 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA2850003)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 10 Dec 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 10 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.