Agricultural land in Thakkarwal, Ludhiana district, Punjab, listed by Indian Bank under a Debt Recovery Tribunal recovery sale.
Registration closed on 30 Oct 2026, 4:00 PM IST. Reserve ₹7,48,22,000, EMD ₹75 L.
First seen · Source: Indian Bank listing on bankeauctions.com
Compiled from Indian Bank’s listing 242712 on bankeauctions.com, as BiddingPulse’s records held it on 28 Oct 2026. BiddingPulse is independent research, not affiliated with the lender or bankeauctions.com; follow the lender’s registration and payment instructions. The sale follows the lender’s published process.
The lowest bid the lender will accept is ₹7,48,22,000, with a ₹75,00,000 EMD due by 30 Oct 2026, 4:00 PM IST.
The listing’s reserve, EMD and deadline, the property as the listing describes it, and what a Debt Recovery Tribunal sale usually requires after the auction. BiddingPulse reads the sale notice only for the type of possession; inspection and dues are for you to check there. Names of borrowers and other people are left out.
Indian Bank is selling agricultural land in Thakkarwal, Ludhiana district, Punjab. Its sale notice doesn’t say whether the lender’s possession is physical or symbolic. It is sold in a Debt Recovery Tribunal recovery (Chandigarh - DRT - III), where the tribunal’s Recovery Officer sells property to recover a debt the tribunal has decided.
Bidding starts at the reserve price of ₹7,48,22,000. To take part you pay an earnest-money deposit (EMD) of ₹75,00,000, 10% of the reserve, by 30 Oct 2026, 4:00 PM IST. The online auction is scheduled for 31 Oct 2026, 2:00 PM–3:00 PM IST. Bids rise in steps of ₹1,00,000, and a late bid extends the auction by 5 minutes, with no limit.
Use the official listing below to read the sale notice, register, pay the EMD and bid. Check every figure here against it first.
| Stage | Date | What it means | Source |
|---|---|---|---|
| Sale notice published | 10 Sep 2026 | The listing’s press-release date for the lender’s sale notice | Listing 242712 |
| Listing seen | 7 Oct 2026 | First seen on bankeauctions.com | Listing 242712 |
| Inspection | In the sale notice | The listing sets no date; the notice says whether and when you can visit | Sale notice |
| Registration and EMD closed | 30 Oct 2026, 4:00 PM IST | Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction | Listing 242712 |
| Online auction | 31 Oct 2026, 2:00 PM–3:00 PM IST | On bankeauctions.com. Bids rise in steps of ₹1,00,000, and a late bid extends the auction by 5 minutes, with no limit | Listing 242712 |
| Payment | In the proclamation | The Recovery Officer’s proclamation of sale sets the deposit and balance dates | Sale notice |
The listing gives the property, the reserve, the EMD and the deadline. Possession, inspection, dues and the exact payment terms are in the lender’s sale notice, so read it before you pay the EMD.
14 kanals 11 marlas of agricultural land, about 1.82 acres, in village Thakkarwal, Ludhiana tehsil and district, Punjab. It is made up of three parcels: 3 kanals, 6 kanals and 5 kanals 11 marlas. It is recorded under 25 khasra numbers, khata Nos. 360/399 and 360/400, and hadbast 280, as per the jamabandi for 2002–2003.
Owner’s name left out for privacy.
A kanal is 20 marlas, and 8 kanals make an acre, so 14 kanals 11 marlas is about 1.82 acres. A khasra number is a field’s number in the village map. The jamabandi is the village record of rights, revised every five years; a mutation enters a change of owner in it. A khata is the account the property is entered under, with the local body or the revenue office.
The listing sets no category of bidder. Bidding needs registration on bankeauctions.com with KYC documents and the EMD paid before the deadline, as the sale notice says. Registering or paying does not by itself make you eligible: the sale notice sets who may bid and on what terms, and BiddingPulse has not checked it for this listing.
The lender’s sale notice doesn’t say whether its possession is physical or symbolic. The listing gives no inspection date. Symbolic possession can leave an occupant in place. Ask the officer named in the proclamation before you pay the EMD.
None in the listing. Unpaid property tax, society maintenance, electricity or water charges, and any other claim on the property can pass to the buyer. Ask the officer named in the proclamation in writing what the lender knows of, and check the sale notice.
The Recovery Officer’s proclamation of sale sets the deposit due on the sale and the balance date, usually within 15 days. Stamp duty and registration are extra and usually the buyer’s.
Bank sales are usually “as is where is”, with no recourse for defects found later. Under the sale rules a buyer who misses a payment loses the deposit already paid. The sale notice states the terms that apply.
Check the reserve, EMD, dates and terms on the lender’s listing before you act. Bid on bankeauctions.com, and register and pay the EMD as the sale notice says: online for some lenders, by demand draft at a branch for others.
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5 bank auctions in Ludhiana are open for registration now.
Ludhiana district, Punjab · first listing
Ludhiana district, Punjab · first listing
Ludhiana district, Punjab · first listing
Ludhiana district, Punjab · first listing