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Immovable and Movable/Land And Building With Plant and Machinery/Nellore

Event Details
Event Type :
DRT
Event No. :
242509
NIT Ref. No. :
TRC No. 2286/2023
Tender / Event Title :
Punjab National Bank Vs M/s. Varadha Steels Pvt Ltd, & 6 Others
Event Bank/Organisation Name :
Punjab National Bank
Event Branch :
Punjab National Bank, Zonal Sastra Centre, Chennai - BO
Property Details
Property Category :
Immovable and Movable
Property Sub Category :
Land And Building With Plant and Machinery
Property Description :
Item No.l (Movable) Plant & Machineries situated at S.N0.207/2A, 208/2A, 209/2c 210-2M, 211/2A, Manganellore Village, Sullurpet Mandal, S.P.S.R, Nellore District, Andhra Pradesh- 524 121. Item No.2 (Immovables) Land and Factory building at S.No.207/2A, 208/2A, 209/2C 210-2B1, 211/2A, Manganellore Village, Sullurpet Mandal, S.P.S.R, Nellore District, Andhar Pradesh 524121 standing in the name of M/s.Varadha Steels, Pvt. Ltd, and Mr.ya.Babu in all measuring Land to the extent of 17.73 Acres
Borrower's Name :
M/s. Varadha Steels Pvt Ltd, & 6 Others
Auction Details
Reserve Price :
4,26,00,000.00
Tender Fee :
0.00
Price Bid :
applicable
Bid Increment value :
2,50,000.00
Auto Extension time :
3 (In Minutes)
No. of Auto Extension :
Unlimited Extension
DSC Required :
No
EMD Details
EMD Amount :
42,60,000.00
EMD Deposit Bank Name :
Indian Overseas Bank
EMD Deposit Bank Account Number :
163302000000250
EMD Deposit Bank IFSC Code :
IOBA0000109
Important Dates
Press Release Date :
03 Oct 2026 00:00
Date of Inspection of Property (From) :
26 Oct 2026 11:00
Date of Inspection of Property (To) :
26 Oct 2026 15:00
Offer (First Round Quote) Submission Last Date :
10 Nov 2026 23:59
Offer (First Round Quote) Opening Date :
11 Nov 2026 00:05
Auction Start Date and Time :
12 Nov 2026 11:00
Auction End Date and Time :
12 Nov 2026 12:00
Auction Related Documents
View NIT Documents :
Download
Documents to be Submitted :
Pan Card,Auction Bid Form,Proof Of Address
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