Indian Bank – E-Auction Sale Notice (SARFAESI Act, 2002) | Berhampur Zonal Office
Jun 23, 2026 • Maryam Begum • Tenders / Business Notices
Source:
The Statesman E-paper
Indian Bank, Zonal Office Berhampur, has issued a sale notice for the auction of mortgaged immovable properties under the SARFAESI Act, 2002. The properties will be sold on “As Is Where Is”, “As Is What Is”, and “Whatever There Is” basis for recovery of outstanding bank dues.
Property Details
Kanamana Branch (Ganjam District)
Residential land and building
Borrower: Duna Rabi & Duna Nageswar Rao
Outstanding dues approx.: ₹20.63 lakh (plus interest and charges)
Reserve price: ₹17.70 lakh
EMD: ₹1.77 lakh
Khallikote Branch (Ganjam District)
Factory land & building + residential property (multiple plots)
Borrower: Teez Agro (Prop. Ajit Prasad Sahu)
Outstanding dues approx.: ₹1.00 crore (plus interest and charges)
Reserve prices: ₹99.10 lakh and ₹32.30 lakh (as applicable)
EMD: ₹9.91 lakh and ₹3.23 lakh (as applicable)
Important Dates
Property inspection: 25 June 2026 to 10 July 2026 (10:00 AM – 4:00 PM, prior appointment required)
EMD submission last date: 13 July 2026 (by 11:00 PM online)
E-Auction date: 14 July 2026 (11:00 AM – 5:00 PM, with auto 10-minute extension)
Auction Platform
E-auction will be conducted through: Baanknet E-Auction Portal
Note
Borrowers/guarantors are advised to clear dues before the auction date to avoid sale of properties. Remaining dues, if any, will be recovered with interest and costs.
Place: Berhampur, Odisha