Retail Shop for sale in Sahnewal, Ludhiana, Punjab
Asset Details
Reserve Price:
Date of E-Auction: 30/Dec/2024 12:00 
Assets Code: BOA-EB-97853
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
new model school street near axis bank gt road village nandpur tehsil sahnewal district ludhiana
Additional Details
property measuring 0 kanal 12-3/4 marla (385 square yards) khasra no 108/1/1/3, 108/1/1/2, 108/1/1/1/1/3, khata no 198/212 as per jamabandi for year 2008-09 situated at Village Nandpur tehsil sahnewal district ludhiana Hadbast no 233 bearing mortgage deed wasika no 5230 dated 28-03-2013
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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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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.
