KOTAK MAHINDRA BANK LTD. E-AUCTION SALE NOTICE FOR SALE OF IMMOVABLE PROPERTY".
Aug 11, 2026 • Arjuman Rafath13 • Properties for Sale / Real Estate Notices
Source:
the pioneer
This document is an E-Auction Sale Notice published by Kotak Mahindra Bank Limited for four immovable commercial office properties located at First Floor, Pithalia Complex, Kankali Para, Raipur, Chhattisgarh, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.Key Property & Auction DetailsBorrower: M/s Pithalia Complex (Borrower) along with Co-borrowers/Guarantors Kumar Bharat Pithalia, Kalpana Pithalia, Bhupesh Kumar Pithalia, Jayesh Kumar Pithalia, and Damyanti Pithalia.Loan Accounts: LAP18404293, LAP18404806, LAP18404888, and LAP18404566.Properties on Sale:Block A (Office No. 1): Built-up area 2,062.85 sq. ft. | Reserve Price: ₹2,37,60,800 | Earnest Money Deposit (EMD): ₹23,76,080Block B (Office No. 2): Built-up area 3,989.70 sq. ft. | Reserve Price: ₹4,59,55,000 | EMD: ₹45,95,500Block C (Office No. 3): Built-up area 1,551.93 sq. ft. | Reserve Price: ₹1,78,60,800 | EMD: ₹17,86,080Block D (Office No. 4): Built-up area 2,940 sq. ft. | Reserve Price: ₹4,40,23,400 | EMD: ₹44,02,340Important Timelines:Last Date for Bid Submission: 09/09/2026 up to 5:00 P.M.Auction Date & Time: 10/09/2026 between 11:00 A.M. and 12:00 P.M. (with unlimited extension of 5 minutes).Official Auction Portal: Bank Auctions Portal