A plot in Guru Teg Bahadar Nagar, Ludhiana, Punjab, listed by Punjab National Bank under a Debt Recovery Tribunal recovery sale.
Registration is open now. Reserve ₹73.31 L, EMD ₹7.35 L. Registration and EMD close 8 Dec 2026, 4:00 PM IST.
First seen · Source: Punjab National Bank listing on bankeauctions.com; lender’s sale documents
Compiled from Punjab National Bank’s listing 245506 and its linked sale documents on bankeauctions.com, checked on 10 Nov 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 reserve is ₹73,31,000, with an EMD of ₹7,35,000. The proclamation prints EMD ₹7,35,000. It is not exactly 10% of the ₹73,31,000 reserve; the printed amount is retained. The highest bid is subject to acceptance under the sale notice.
The property, dates, possession, participation requirements, payments and material risks in the linked sale documents, read on 10 Nov 2026. Any conflict or missing detail is identified below. This is not a title or occupancy verification. Names of borrowers and other people are left out.
Punjab National Bank is selling a plot in Guru Teg Bahadar Nagar, Ludhiana, Punjab. Its sale notice doesn’t establish whether the lender’s possession is physical or symbolic. It is sold in a Debt Recovery Tribunal recovery (DRT Chandigarh III), where the tribunal’s Recovery Officer sells property to recover a debt the tribunal has decided.
The reserve is ₹73,31,000 and the notice EMD is ₹7,35,000. The proclamation prints EMD ₹7,35,000. It is not exactly 10% of the ₹73,31,000 reserve; the printed amount is retained. The online auction is scheduled for 9 Dec 2026, 3:00 PM–4:00 PM IST. See the bidding rules below for increments and extensions.
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 dated | 23 Oct 2026 | The inspected notice is dated 23 October 2026. BiddingPulse first recorded this listing on 10 November; that is later discovery, not a new sale launch. | Sale notice |
| Listing seen | 10 Nov 2026 | First seen on bankeauctions.com | Listing 245506 |
| Inspection | Confirm inspection with the Recovery Officer | The four-page proclamation does not publish a fixed inspection window. Arrange a property and document inspection through the Recovery Officer or PNB before bidding. | Sale notice |
| Registration and EMD close | 8 Dec 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 245506 |
| Online auction | 9 Dec 2026, 3:00 PM–4:00 PM IST | The signed proclamation assigns Lot 2 the 3:00–4:00 PM IST sitting on 9 December. The platform repeats Lot 1’s 2:00–3:00 PM window; the signed lot-specific window is shown here. Confirm it with the Recovery Officer. See the bidding rules below for bid increments, extensions and any conflicting instructions. | Sale notice |
| Payment after acceptance | Notice-specific deadlines | Read the payment deadlines and conditions below; the lender’s documents set the dates. | Sale documents |
Read the requirements and risks from this lot’s sale documents, checked on 10 Nov 2026. Follow the lender’s originals and any later amendment before paying.
Lot 2: 425 sq yd plot at Guru Teg Bahadar Nagar, Mundian Kalan, Chandigarh Road, Ludhiana, Punjab. Wasika 3861 dated 22 August 2002, Khasra 815 and 816, Khata 87/98, Jamabandi 1999–2000. The proclamation does not state building floor area, possession type or a fixed inspection window.
Personal names left out for privacy.
The reserve is ₹73,31,000 and the earnest-money deposit (EMD) is ₹7,35,000. The proclamation prints EMD ₹7,35,000.
It is not exactly 10% of the ₹73,31,000 reserve; the printed amount is retained. The published submission deadline is 8 Dec 2026, 4:00 PM IST.
The online auction is a separate event; follow the notice’s payment and document instructions.
This is a DRT Chandigarh III recovery sale, RC 2482/2017 arising from OA 2959/2017. A digital signature certificate (DSC) is mandatory.
The public and duly authorised agents may bid, but officers involved in the sale may not. Submit the signed bid form, PAN, identity/address evidence, EMD receipt and company authority where applicable.
NRIs must provide the passport photo page and the prescribed Indian Mission endorsement. The proclamation requires an EMD demand draft/pay order payable to the Recovery Officer, DRT III Chandigarh, lodged with the auctioneer by 8 December, 4:00 PM IST.
Obtain the exact delivery instructions from the Recovery Officer; platform 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 the officer named in the proclamation before you pay the EMD.
The successful bidder must deposit 25% of the price, including EMD, by the next day after knockdown; if the office is closed, the next office working day applies. Pay the remaining 75% by the fifteenth day, excluding the auction day, with the same closed-office provision.
Poundage is additional: 2% on the first ₹1,000 plus 1% on the balance, payable by the fifteenth day through the prescribed draft to the Registrar. Default may forfeit the deposit to the Government after sale expenses and lead to resale.
Unsuccessful EMD is returned by the original mode without interest.
Revenue dues, encumbrances and claims are marked not known. The purchaser bears the proclamation’s publication, revenue and other charges, plus applicable conveyance costs and the separate poundage. Do not treat unknown claims as no claims.
The proclamation does not state physical or symbolic possession. Inspect title, access, occupation and claims with the Recovery Officer before bidding.
The highest bid needs the officer’s confirmation; the sale can be stopped when the recoverable amount is satisfied. The sale certificate uses the original successful bidder’s name, without later additions.
The proclamation provides five-minute extensions. The displayed close is scheduled and may extend.
New to bank auctions? Risks, costs and checks before a bank auction — the full guide.
Check the latest notice and any amendments before paying. Follow the registration, payment and bidding instructions above and in the lender’s documents. BiddingPulse accepts no registrations, deposits or bids.
Open this property’s public listing and choose View NIT to read the sale notice and attached bid documents.
Reserve ₹73,31,000, EMD ₹7,35,000, registration by 8 Dec 2026.
8 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