Office for Auction in Mangaluru – SIB

Property Details

Property type

Office (Commercial)

Possession

Not specified

Locality

—

City

Mangaluru

State

Karnataka

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: ro1drtekulam-dfs@nic.in PROCLAMATION OF SALE DRC No. 3/2025 e-Sale No 64/2026 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 The South Indian Bank Limited Vs. Avinash K L & 2 other Whereas, (1) Avinash K. L. S/o. Lokesh N. K. #3-101/12, Behind Syndicate Bank Kulai, Mangalore Dekshina Kannada Karnataka - 575 019 Presently residing at Vishwa Niva, C/o. Viswanatha Anchan Lachil House, Mangalore Karnataka - 575 019 (2) Sumitha W/o. Lokesh N. K. #3-101/12, Behind Syndicate Bank Kulai, Mangalore Dekshina Kannada Karnataka - 575 019 Presently residing at Vishwa Niva, C/o. Viswanatha Anchan Lachil House, Mangalore Karnataka - 575 019 (3). Amitha , D/o. Lokesh N. K. #3-101/12, Behind Syndicate Bank Kulai, Mangalore Dekshina Kannada Karnataka - 575 019 Presently residing at Vishwa Niva, C/o. Viswanatha Anchan Lachil House, Mangalore Karnataka - 575 019 have failed to pay the sum of Rs. 33,07,720.63/- (Rupees thirty three lakhs seven thousand seven hundred twenty and paisa sixty three only), as on 22.05.2020, payable by themin respect of the Recovery Certificate No. 3/2025 in OA No. 214/2020 issued by the Presiding Officer, Debts Recovery Tribunal-1, Ernakulam, and the interest and costs payable as per the Ce View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Auction type

DRT Auction

Borrower

Avinash K L a** 2 o*****

Auction start

30 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)

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 ₹90,000 before —. It is refunded if you don't win.
5. Bid online on 30 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.