Punjab National Bank has announced an e-auction for the sale of multiple immovable properties as part of its efforts to recover outstanding dues from various borrowers and guarantors. The auction is scheduled to take place on May 26, 2026, between 11:00 a.m. and 4:00 p.m. through the online platform https://baanknet.com.
The sale, conducted under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, along with the Security Interest (Enforcement) Rules, 2002, will be on an “as is where is” and “as is what is” basis. The bank’s authorized officer has taken possession—whether constructive, physical, or symbolic—of the properties listed for auction. Prospective buyers are advised that all statutory charges, including registration fees, stamp duty, and taxes, will be borne by the purchaser. Additionally, the bank disclaims responsibility for any encumbrances or liabilities on the assets that are not already known.
Among the properties listed for sale are a service apartment located at Hotel Radisson Blu, Dwarka City, New Delhi, with a reserve price of approximately Rs. 1.31 crore, belonging to M/s Balaji Telecom. Residential properties include a ground-floor flat in DLF Dilshad Extension-2, Ghaziabad, Uttar Pradesh, linked to Ms. Neha Dubey and Mr. Gaurav Raj, with a reserve price of about Rs. 16.57 lakh. M/s Shree Amarnathji Exim Private Limited and others have a residential property in Basement B-5, Vivek Vihar, Delhi, with a reserve price near Rs. 4.59 crore.
Other assets include a residential house in Surya Nagar Phase-II, Sector-91, Faridabad, Haryana, held by M/s Udgan Krishan Projects Pvt Ltd and others, with a reserve price of Rs. 1.6 crore. M/s R M Minerals Pvt Ltd and others are offering a leasehold property with plant and machinery at Mehatpur Industrial Area, Himachal Pradesh, with a reserve price of Rs. 2.05 crore. Additionally, a property in Village Nasirpur, Colony Indra Park, Palam Colony, Delhi, associated with Mr. Rajendra Singh, will be auctioned with a reserve price close to Rs. 29.75 lakh.
The auction notice emphasizes adherence to terms outlined under the relevant security interest laws and clarifies that the properties will be sold subject to those conditions. Interested parties can obtain further details, including earnest money deposits and bid increments, by contacting the authorized officers at Punjab National Bank’s East Delhi branch.
This initiative reflects the bank's ongoing measures to recover non-performing assets and manage credit risk through the enforcement of security interests on defaulted loans.