Land & Building for Auction in Erode – IBC Liquidation

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Locality

—

City

Erode

State

Tamil Nadu

Pincode

638054

Address

Unit 2 - Factory Land & Building (4.77 Acres), located at 617/3, Ayeepalayam, Siruvalur, Gopichettipalyam, Erode District – 638 054. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IBC Liquidation (IBBI)

Branch

—

Auction type

IBC Liquidation

Borrower

Sakthi G***** T***** P***** L*****

Auction start

09 Oct 2026

Auction end

—

EMD submission deadline

07 Oct 2026

Inspection

—

Authorised officer

Mr. Prabhu S (Liquidator)

Officer contact

—

E-auction portal

14. Web address of Auction Platform https://baanknet.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 (14. Web address of Auction Platform https://baanknet.com), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹66,11,000 before 07 Oct 2026. It is refunded if you don't win.
5. Bid online on 9 Oct 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.