Auction Closed · Scheduled Auction Date Passed (09 Oct 2026)
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Industrial Auction in Erode | M/s Sakthi Ganesh Textiles Private Limited (In Liquidation) - Liquidator Bank Auction
Lot 1 - Factory Land & Building (4.77 Acres), Ayeepalayam, Erode · Reserve price ₹ 6,61,04,000 · Auction on 09 Oct 2026
₹ 6,61,04,000
Reserve price
Reserve price
₹ 6,61,04,000
EMD
₹ 66,11,000
Auction date
09 Oct 2026
Status
Ended
Bank
M/s Sakthi Ganesh Textiles Private Limited (In Liquidation) - Liquidator
Possession
As per notice
Photos do not establish property condition or title. Confirm the location, inspection window, terms and latest sale notice directly with the selling authority before paying EMD.
Property details
- Property Type
- Industrial
- Description
- IBC 2016 liquidation sale, Batch I, Lot 1 of 5 (Lot 3, 4, 5 also offered separately in Batch II if Lot 1/2 unsold). NCLT Chennai bench order IA(IBC)(LIQ)/11(CHE)/2025 in CP(IB)/213(CHE)/2023 dated 12 June 2025. Bid increment Rs.5,00,000/-. Last date for PQ/EOI/Bid Document/EMD 7 October 2026 5pm. IPE AFA No. AA1/50033/02/300627/20098.
- Area
- 4.77 acre
- Locality
- Erode
- Full Address
- Factory Land & Building along with the Plant & Machinery, Spares, Fabrics located at 617/3, Ayeepalayam, Siruvalur, Gopichettipalayam, Erode District - 638 054
- Pincode
- 638054
Bank & auction terms
- Auction ID
- AX-1N84703
- Bank / Authority
- M/s Sakthi Ganesh Textiles Private Limited (In Liquidation) - Liquidator
- Reserve Price
- ₹ 6,61,04,000
- EMD Amount
- ₹ 66,11,000
- Auction Date
- 09 Oct 2026
- Auction Time
- 10:30
- Borrower Name
- Sakthi Ganesh Textiles Private Limited (Corporate Debtor)
- Bank Contact Details
- CA S. Prabhu, Liquidator, M/s SPP Insolvency Professionals LLP, 9488810404, sgtpl.cirp@gmail.com
Auction documents
- Sale noticesale notice
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