The Kalupur Commercial Co-op. Bank Ltd. Announces Auction of Assets for Debt Recovery
The Kalupur Commercial Co-op. Bank Ltd. has announced a sale of assets in possession under the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, aimed at recovering secured debts from various borrowers. The auction offers interested parties an opportunity to acquire properties related to several firms and individuals.The sale process is conducted on an "as is where is basis" and "as is what is basis." Interested bidders are invited to submit offers in sealed cover before August 26, 2026. Site visits for some properties have been scheduled by the bank.
Auction Details and Property Listings
A total of nine lots, spanning pharmaceutical firms and individuals, were listed for sale, along with their corresponding secured debt amounts, reserve prices, and earnest money deposit (EMD) requirements.The following table details the assets available in the auction:
| Sr. No. | Borrower Name | Secured Debt Amount | Reserve Price | EMD Required |
|---|---|---|---|---|
| 1. | Wi Ati Pharma (Partnership Firm) | Rs. 1,01,35,907.10 + Interest & expenses | Rs. 60,00,000/- | Rs. 6,00,000 |
| 2. | Mr. Sanjaybhai Chandrakant Taat (Borrower) | Rs. 101,73,000 + Interest & expenses | Rs. 12,25,000 | Rs. 1,22,500 |
| 3. | Wis Mayur Medical Agencies (Partnership Firm) | Rs. 348,26,111 + Interest & expenses | Rs. 37,53,000 | Rs. 3,75,300 |
| 13. | Paramedic International (Partnership Firm) | Rs. 4,03,11,082 + Interest & expenses | Rs. 33,00,000/- | Rs. 3,30,000/- |
| 5. | Wis Pragati Pharma (Partnership Firm) | As per Sec-13(2) demand notice | Rs. 24,55,000 | Rs. 2,45,500 |
| 6. | Mrs. Lalitaben Surendrakumar Chobisha and Smt. Surendrakumar Narbheram Chobisha | Rs. 14,84,22,893 + Interest & expenses | Rs. 11,50,000/- | Rs. 50,000/- |
| 7. | Mr. Manish Rameshbhai | Rs. 32,91,006 + rest & expenses thereon | Rs. 23,00,000- | Rs. 2,30,000/- |
| 8. | WS Sogm Soeeand and Services (A Proprietorship Firm) | Rs. 50,30,000 + Interest & expenses | Rs. 73,00,000 | Rs. 17,30,000 |
| 9. | Wis Mayur Medical Agencies (Partnership Firm) | Rs. 348,26,111 + Interest & expenses | Rs. 40,00,000/- | Rs. 4,00,000 |
Important Dates and Conditions
The bank provided several key dates for the auction process:- Site Visit: Site visits are scheduled for Lot No. 8 and 9 on August 6, 2026, from 12:00 AM to 4:00 PM.
- Site Visit: A site visit for Lot No. 1 is set for June 4, 2026.
- Site Visit: Site visits for Lot Nos. 6 and 7 are scheduled on August 5, 2026.
- Offer Deadline: The last date for submitting offers is August 25, 2026, by 4:00 PM.
Bidders are also cautioned that the secured asset will not be sold below the reserve price. All statutory dues and attendant charges must be borne by the purchaser.
GNFC Stock Price Movement
Gujarat Narmada Valley Fertilizers and Chemicals Limited shares edged higher in post-market trade today, settling at ₹516.3 after gaining 1.12%. The equity saw significant investor interest during the session, with a total traded volume recorded at 365,912 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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