Land and building in Sathyamangalam: Federal Bank auction

The reserve is ₹35,00,000 and the earnest-money deposit (EMD) is ₹3,50,000. The published submission deadline is 14 Dec 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.

Register with a valid email address on bankeauctions.com and submit the online bid and ₹3,50,000 EMD by 14 December 2026, 5:00 PM IST. The notice accepts a demand draft payable at Sathyamangalam or NEFT/RTGS to the designated Federal Bank account.

The bankeauctions.com listing asks for PAN, address proof and the signed bidder details (Annexure II) and declaration (Annexure III), uploaded with the bid.

Annexure IV, a signed confirmation of e-auction training, goes to the authorised officer and bankeauctions.com after training; the notice itself only offers training, so confirm with the bank whether it is required. A company representative must supply a true copy of the board resolution or authorisation.

Registration alone does not establish eligibility; the notice does not state a complete age, nationality or residency test.

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 Federal Bank’s authorised officer before you pay the EMD.

The successful bidder must deposit 25% of the sale price, including EMD, immediately on acceptance. The remaining 75% is due within 15 days, or within an extension allowed by the authorised officer; obtain the dated payment demand because the clause does not separately define the start of that period.

Failure can forfeit the deposited money and lead to resale. The notice says the EMD is refundable if the tender is not accepted, while the bidder declaration (Annexure III, clause 6) says every bidder’s EMD is retained until the sale concludes.

Neither gives a fixed refund day; confirm the refund timing with Federal Bank before paying.

The purchaser bears statutory and other dues, taxes, stamp duty, transfer and registration costs, including encumbrances whether known or unknown. The bank’s statement that it does not know of other encumbrances is not a title or no-dues guarantee.

The notice says the bank has taken possession, but does not identify it as physical or symbolic. Verify access, occupancy, title, extent, permitted use and liabilities before bidding.

The sale is on an as-is basis; the highest bid remains subject to bank acceptance, and the bank may reject, postpone or cancel the sale. A holiday, hartal or protest that adversely affects the bank or platform may shift the event to the next bank working day under the notice; no such change has been confirmed.

The notice provides unlimited five-minute extensions. The displayed end is the scheduled close and may move while qualifying bids continue.

In the bidder details form (Annexure II), a sole bidder undertakes to raise the bid by one increment (₹25,000). The highest bidder must email a signed price confirmation (Annexure V) to the authorised officer and bankeauctions.com immediately after bidding.