Retail Shop for sale in Ludhiana, Ludhiana, Punjab
Asset Details
Reserve Price:
Date of E-Auction: 30/Dec/2024 11:00 
Assets Code: BOA-EB-97350
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
SITUATED AT VILLAGE SHERPUR KALAN TEHSIL AND DISTRICT LUDHIANA
Additional Details
All that part & parcel of immovable property measuring 300sq yard out of land comprising in Khasra No. 35//14/2/6, Khata No. 1018/1068 as per Jamabandi for the year 1998-99 (Khata No. 1054/1095 as per Jamabandi for the year 2008-09 situated in the revenue estate of village sherpur kalan, tehsil & district Ludhiana. As per the sale deed bearing wasika no 10824 dated 03.11.2003 in the name of Mrs. Kusum Bansal w/o Sh. Yashpal Bansal and bounded as per sale deed as under: East: Road 10’ curve inside 44’-6”West: remaining owner 18’-9”North: Electopathy HospitalSouth: Kailash Cinema wale
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Insights
Seller’s Reserve Price
The reserve price set by the seller for a property auction excludes all property-related dues like taxes, utilities, maintenance, and industrial authority fees.
Earnest Money Deposit (EMD)
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Possession Status
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SARFAESI Act
The SARFAESI Act, an abbreviation for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is legislation implemented in India to empower banks and financial institutions in efficiently recovering their non-performing assets (NPAs). This act grants banks the authority to seize and sell properties of defaulting borrowers without court intervention, providing a legal framework for the swift resolution of distressed assets. By enabling banks to enforce their security interests effectively, the SARFAESI Act significantly aids in loan recovery and upholds financial system stability. Access the Act here.
