Land and building in Kadamalaikundu, Theni district: Equitas Small Finance Bank auction

The reserve is ₹74,66,000 and the earnest-money deposit (EMD) is ₹7,46,600. The signed notice prints reserve ₹74,66,000 in figures but ₹74,60,000 in words.

This page retains the figure also listed by bankeauctions.com; obtain the controlling reserve in writing before bidding. The published submission deadline is 14 Dec 2026, 1:00 PM IST.

The online auction is a separate event; follow the notice’s payment and document instructions.

Register on bankeauctions.com and submit the signed bidder-details form and declaration (Annexures II and III), PAN, identity/address proof, EMD remittance proof and a separate bid for each property by the entry deadline. Preserve the remittance challan.

Complete platform training and return Annexure IV; the highest bidder must return the signed price confirmation in Annexure V immediately after bidding. The checked materials do not establish complete age, nationality, residency or category eligibility.

Confirm those conditions and local transfer restrictions with the lender before paying; platform registration alone does not establish eligibility.

The matching signed notice requires NEFT/RTGS and delivery of bid/remittance proof to the authorised officer at Equitas, fourth floor, Phase II, Spencer Plaza, 769 Anna Salai, Chennai 600002. Confirm the receiving route before sending documents.

The signed notice states constructive possession; vacant physical delivery is not established. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note.

Symbolic possession can leave an occupant in place. Ask Equitas Small Finance Bank’s authorised officer before you pay the EMD.

Pay 25%, including EMD, on the same day or next working day after auction. The signed notice deducts 50% of EMD if this first payment is not made.

Pay the remaining 75% within 15 days after acceptance and confirmation; failure at that stage can forfeit all money paid. Unsuccessful EMD is returned within ten working days after auction closure without interest.

The certificate is issued in the successful bidder’s name after full payment and confirmation.

The buyer bears statutory and other property dues, taxes, electricity and water charges, maintenance, stamp duty, registration and transfer expenses, including arrears where the notice requires them.

Verify title, encumbrances and the payable amounts independently; the bank’s known-encumbrance statement is not a clearance certificate.

The property is sold as-is, without a warranty of vacant possession, title or permitted use. Inspect the property, access, occupation, title documents and approvals before bidding.

The highest bid remains subject to lender confirmation; the lender can reject, postpone or cancel the sale. A bid cannot be withdrawn after submission.

The notice prints a ₹10,000 increment. The tender cover and clause 8(ii) allow unlimited five-minute extensions, while clause 16 allows three five-minute extensions. Confirm which rule applies; the displayed close is scheduled. Annexure II requires a sole bidder to improve the bid by one increment.