Canara Bank E-Auction Sale Notice – Ken Chemicals Pvt Ltd Property
Jun 13, 2026 • Maryam Begum • Legal Announcements / Legal Notices
Source:
FinancialExpress E-Paper
State Location: Goa / Maharashtra (Property in Ratnagiri, Maharashtra; issuing branch Panaji, Goa)
Description:
Canara Bank, ARM Branch Panaji, Goa, has issued an e-auction sale notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 read with Security Interest (Enforcement) Rules, 2002 for recovery of outstanding dues from M/s Ken Chemicals Pvt Ltd and guarantors.
The auction will be conducted on 03.07.2026 through the online portal BAANKNET (https://baanknet.com) between 11:00 AM to 12:00 Noon.
The secured assets include:
Lot A: Leasehold rights over industrial plot along with building and construction situated at Plot No. E-27/2, Lote Parshuram Industrial Area, Taluka Khed, District Ratnagiri, Maharashtra, measuring approximately 4050 sq. meters, along with all existing structures. The property is under physical possession of the bank.
Lot B: Plant and machinery installed at the said premises including reactors, boilers, centrifuges, dryers, compressors, generators, electrical installations, and other industrial equipment.
Total outstanding liability as on 31.05.2026 is Rs. 4,95,93,959.42.
Reserve Price:
Land and Building: Rs. 1,37,74,000
Machinery: Rs. 1,60,74,000
Earnest Money Deposit (EMD):
Land and Building: Rs. 13,77,400
Machinery: Rs. 16,07,400
The property is offered on “As is where is”, “As is what is”, “Whatever there is” and “Without Recourse” basis. Bidders are advised to conduct due diligence and physical inspection before participation.
The bank reserves the right to postpone, cancel, or modify the auction without prior notice. Auction increments and other terms are as per the official notice on the BAANKNET portal