Plant & Machinery for Auction in Ikolana, Ludhiana – SBI

Property Details

Property type

Plant & Machinery (Plant & Machinery)

Possession

Not specified

Locality

Ikolana

City

Ludhiana

State

Punjab

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

State Bank Of India, Sector - 7 B, Chandigarh - BO

Auction type

DRT Auction

Borrower

M/s S***** C***** a** O*****

Auction start

21 Oct 2026, 02:00 PM

Auction end

21 Oct 2026, 03:00 PM

EMD submission deadline

20 Oct 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India (bankeauctions.com)

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 (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹18,20,000 before 20 Oct 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 21 Oct 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.