50 cent Office for Auction in Kochi – SBI

Property Details

Property type

Office (Commercial)

Possession

Not specified

Area

50 cent (≈ 21,780 sq ft)

Reserve price / sq ft

₹735

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 –2324780 | e-mail: [email protected] PROCLAMATION OF SALE DRC No. 205/2018 e-Sale No 49/2026 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 State Bank of India Vs. M/s Shalom Micro Finance Ltd and 3 others Whereas, (1) Shalom Micro Finance Ltd., Shalom Bhavan, 59, Nurani, Palakkad – 678004, represented by its Director and Chief Executive Officer Job M. Joy, (2) Job M. Joy, Manthottathil House, Nalleppilly P.O., Chittur, Palakkad – 678553, (3) Jayson Joy M.J., Manthottathil House, Nalleppilly P.O., Chittur, Palakkad – 678553, (4) M/s. Shalom Charitable Ministries of India, 25/528, Ambari House, Manjakulam Lane, Palakkad – 678014 have failed to pay the sum of Rs. 5,00,34,909.51 (Rupees Five crore thirty four thousand nine hundred and nine and paisa fifty one only), as on 30.05.2018, payable by them in respect of the Recovery Certificate No. 205/2018 in OA No. 442/2015 issued by the Presiding Officer, Debts Recovery Tribunal, 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. 8,50,35,513.96/- (Rupees eight View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Auction type

DRT Auction

Borrower

M/s S***** M**** F***** L** a** 3 o*****

Auction start

08 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

Recovery Officer, Ernakulam DRT

Officer contact

—

E-auction portal

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Price Check

This listing's reserve price works out to ₹735 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹2,749 per sq ft, so this one is 73% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

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 ₹16,00,000 before —. It is refunded if you don't win.
5. Bid online on 8 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.