Office for Auction in Kochi – IDBI

Property Details

Property type

Office (Commercial)

Possession

Not specified

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 –2323496 | e-mail: ro2drtekulam-dfs@nic.in PROCLAMATION OF SALE DRC No. 44/2017 e-Sale No 61/2026 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 IDBI Bank Limited Vs. Rasheed Basheer & another Whereas, (1) Rasheed Basheer, Kandathinkarayil House, Valliyanottom, Kanjar P.O., Idukki, Kerala – 685 592 (now residing at 211, Abdul Qadwer, Quassim Abdulla Building, Hamariya Street, Burdubai, Dubai), (2) Sajitha Rasheed, Kandathinkarayil House, Valliyanottom, Kanjar P.O., Idukki, Kerala – 685 592, have failed to pay the sum of Rs. 1,01,07,348.58 (Rupees One crore one lakh seven thousand three hundred and fortyeight and paisa fiftyeight only), as on 31.10.2013, payable by them in respect of the Recovery Certificate No. 44/2017 in OA No. 572/2013 issued by the Presiding Officer, Debts Recovery Tribunal-1, Ernakulam, and the interest and costs payable as per the Certificate. And whereas the undersigned has ordered the sale of the property mentioned in the schedule below in satisfaction of the said certificate. And whereas there will be due thereunder, a sum of Rs. 2,39,26,720.17 (Rupees two Crores thirty nine lakhs twenty six thousand seven hundred twenty and paisa seventeen only) as on 26.10.2026. Besides, there shall be futu View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IDBI Bank

Branch

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Auction type

DRT Auction

Borrower

Rasheed B***** a** a*****

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)

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 ₹10,10,000 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.