Others for sale in Patna, Patna, Bihar
Asset Details
Reserve Price:
Date of E-Auction: 08/Jan/2025 12:30 
Assets Code: BOA-EB-97748
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Mauza - Sohgi, Near Jay Gurudev Nursing Home, Sohgi, P.O. & P.S. - Gaurichak, Sub Registry office - Phulwarisharif, Thana No. 126, District - Patna (Bihar), PIn - 800007
Additional Details
1) All that part and parcel of Land and Building in the name of Sri. Ganesh Sao S/o Late Mannu Lal Sao, situated at Tauzi No. 309, Thana No. 126, Khata No. 208, S. Plot No. 594 & 595 Part, Mauza – Sohgi, P.S. – Gourichak, Patna Sadar Registry, Patna DistrictArea: 1 KathaBoundary of Land: North – Successors of Krishna Sao, South – Jagat Narayana Rai, East – Branch Road, West – Recent PurchaserAs per Sale deed no. 7563 of 20152) All that part and parcel of Land and Building in the name of Sri. Ganesh Sao S/o Late Mannu Lal Sao, situated at Tauzi No. 309, Thana No. 126, Khata No. 208, S. Plot No. 594 & 595 Part, Mauza – Sohgi, P.S. – Gourichak, Patna Sadar Registry, Patna DistrictArea: 1 KathaBoundary of Land: North – Sri Awadesh Kumar Agarwal, South – Prerna Srivastava, East – Branch Road, West – Recent PurchaserAs per Sale deed no. 8513 of 2015(Both properties are consecutive plots, Total area – 2 Kathas, Approx. 2723 Sq feet, at present Vacant Lands)
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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.
