Upcoming E-Auction for Kandco Polymers Ltd’s Valuable Assets
Introduction
The Hon’ble High Court of Kerala has announced an exciting opportunity for interested bidders! Through an e-auction, assets of Kandco Polymers Ltd (in liquidation) will be available for competitive online bidding. This is a rare chance to acquire prime industrial property in Kerala, and all necessary details for participation are outlined below.
Key Details of the E-Auction
Here’s everything you need to know about the e-auction:
- Event Details
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- Date: December 19, 2024
- Time: 2:00 PM to 5:00 PM
- Basis: “As is where is and whatever there is”
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- Property Description
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- Location: Karmur Village, Industrial Development Plot, Anandapuram, Manjeswaran Taluk, Kasargod District, Kerala.
- Details: The property includes 2 acres of land in Survey No. 12/2E, complete with buildings and a compound wall.
- Upset Price: ₹97,98,500
- EMD (Earnest Money Deposit): ₹10,00,000, payable online by December 13, 2024.
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- Inspection Schedule
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- Date: November 26, 2024
- Time: 10:00 AM to 4:00 PM
- Venue: Property site at Karmur Village, Kasargod District.
How to Participate
The e-auction will be conducted online, and participants must register on the RailTel Corporation of India’s website.
Why This Auction Matters
This e-auction offers a strategic investment opportunity. Located in an industrial hub, the property holds significant potential for businesses looking to expand in Kerala’s thriving industrial sector.
Final Thoughts
Mark your calendar and ensure you meet all the prerequisites to bid on this high-value property. With transparency and competitive pricing, the Kandco Polymers Ltd e-auction could be your gateway to a lucrative investment. Don’t miss out!
Note: All bids are subject to the final decision of the Hon’ble High Court of Kerala.
For complete auction guidelines and terms, click here.
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