Auction Notice: State Bank of India Machinery E-Auction
Jul 04, 2026 • Farheen • Auction Notices / Real Estate Notices
Source:
Eenadu Epaper
The State Bank of India (SBI), Stressed Assets Recovery Branch (SARB) in Vijayawada, has issued an e-auction sale notice dated July 3, 2026, under the SARFAESI Act for movable properties belonging to borrowers M/s Vasantha Lakshmi Packs and its guarantors. The assets under auction comprise 9 distinct items of corrugated carton box manufacturing machinery, including a Karunya brand two-color printer rotary die cutter with slotter ring attachment, a computerised PLC sheet cutter, and a fully automatic flute laminator. The Reserve Price for the machinery lot is fixed at ₹1,20,00,000, with an Earnest Money Deposit (EMD) requirement of ₹12,00,000. The online auction is scheduled for August 10, 2026, from 11:00 AM to 4:00 PM. Complete details can be accessed via sbi.co.in or banknet.co.in. For inquiries, bidders can contact the Chief Manager, Sri P. Sravan Kumar, at 8121765159, or for inspections, call 8332835007.