Others for sale in Jalandhar, Jalandhar, Punjab
Asset Details
Reserve Price:
Date of E-Auction: 26/Dec/2024 11:30 
Assets Code: BOA-EB-30086
Ownership Type: Others 
Status of Possession: Physical
Carpet Area: None
Builtup Area: NA
Address
Cold room, exhaust and fresh air system, ss table pizza owen , sandwich griller ,breading table, ss rack, table top frier, deep freezer, refrigerator, bulter fryer, coffee machine grinder , beer dispenser, liquid nitrogen gas cylinder, co2 cylinder sofa 2 seater, sofa 3 seater table wodden counter wooden dustbin ac duct 5.5 tons ac duct 8.5 tons , bathroom fittings wall mount light , menu board front eleavation glass doors wall glases inverter 2 battery music system furniture and fixtures
Additional Details
Cold room, exhaust and fresh air system, ss table pizza owen , sandwich griller ,breading table, ss rack, table top frier, deep freezer, refrigerator, bulter fryer, coffee machine grinder , beer dispenser, liquid nitrogen gas cylinder, co2 cylinder sofa 2 seater, sofa 3 seater table wodden counter wooden dustbin ac duct 5.5 tons ac duct 8.5 tons , bathroom fittings wall mount light , menu board front eleavation glass doors wall glases inverter 2 battery music system furniture and fixtures
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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)
The earnest money deposit (EMD) is the minimum amount paid by the buyer to the seller institution to confirm participation in the auction. If the bidder is unsuccessful, the EMD is refundable. However, it will be forfeited in the event of non-payment after winning the auction.
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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.
