Land and building in Melanedukulam, Madurai: Equitas Small Finance Bank auction

The reserve is ₹4,41,000 and the earnest-money deposit (EMD) is ₹44,100. The published submission deadline is 25 Nov 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.

Register on bankeauctions.com and submit the offer, EMD remittance proof, PAN, attested identity proof and address proof by 25 November 2026, 5:00 PM IST. Upload signed bidder details (Annexure II) and declaration (Annexure III); preserve the remittance challan.

Separate EMD and documents are required for each property. Complete platform training and send Annexure IV to the authorised officer and bankeauctions.com; the highest bidder must send the Annexure V price confirmation immediately after bidding.

The newspaper allows NEFT/RTGS/DD, while tender clause vi rejects demand drafts and cheques. Confirm the accepted remittance method with Equitas before paying.

The checked terms do not state complete age, nationality, residency or entity eligibility; registration alone does not establish eligibility.

The lender’s sale notice doesn’t say whether its possession is physical or symbolic. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note. Ask Equitas Small Finance Bank’s authorised officer before you pay the EMD.

The tender requires 25% of the sale price, including EMD, within the prescribed period after acceptance, but it does not give an exact duration for that first instalment. Obtain that deadline in writing.

Pay the remaining 75% on or before the 15th day after sale confirmation, unless the authorised officer agrees a written extension. Default can forfeit the EMD and all other amounts paid, with no claim on the property or resale proceeds.

The unsuccessful-bidder EMD is returned to the account given on bankeauctions.com without interest or costs; Annexure III says deposits are retained until successful conclusion of the sale, without a fixed refund day. A sale certificate follows full payment and confirmation, in the bidder’s name.

The buyer bears existing and future encumbrances, whether known or unknown, all statutory and non-statutory dues, taxes, rates, assessments and charges, and stamp duty, additional stamp duty, transfer fees and registration expenses. The bank’s statement about known encumbrances is not a title or no-dues guarantee.

The sale is on an as-is basis. Inspect the property, access, title, permitted use, extent and occupancy before bidding; the notice says possession has been taken but does not identify it as physical or symbolic.

Bids cannot be withdrawn. The highest bid needs bank acceptance; the bank can reject, postpone or cancel the sale, including if its dues are settled.

Misstatements in the bidder declaration or failure to complete payment can forfeit amounts paid.

The newspaper prints a ₹10,000 bid increment. The tender cover and clause 8(ii) allow unlimited five-minute extensions, but clause 16 says three five-minute extensions.

The displayed end is a scheduled close, not a verified final cutoff. Annexure II requires a sole bidder to improve the bid by one increment; confirm these conflicting extension rules with Equitas before bidding.