Others for sale in Maihar, Maihar, Madhya Pradesh
Asset Details
Reserve Price:
Date of E-Auction: 26/Dec/2024 12:00 
Assets Code: BOA-EB-48070
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: None
Builtup Area: NA
Address
property bearing Aaraaji Khasra No.32/2 rakwa 0.314 Hect., Mouza Katiyakalan, situated within Unit No.1 of Ward No.22 Bhagat Singh Ward, P.H.No.50, Maihar Amarpatan Road, RNM Maihar, Block and Tehsil Maihar, District Satna (M.P.
Additional Details
All that part and parcel of commercially diverted immoveable property bearing Aaraaji Khasra No.32/2 rakwa 0.314 Hect., Mouza Katiyakalan, situated within Unit No.1 of Ward No.22 Bhagat Singh Ward, P.H.No.50, Maihar Amarpatan Road, RNM Maihar, Block and Tehsil Maihar, District Satna (M.P.) with two buildings constructed on portions admeasuring area 4200 sq. ft. that is 390.33 sq. mtr. each and which is bounded as under as per registered sale deed dated 07.02.2020:North: Amarpatan Bela Maihar NH-07 (Rewa Road), South: Aaraaji of Jaya Tiwari, East: Aaraaji of Neelam Chourasia, West: Aaraaji of Vikas Tiwari.DRT SA No.576/2023 and 1019/2023
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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.
