Auctioneers to the Government, the High Court and other Courts, Public and Private Enterprises, Insurance Companies and Banks.
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Upcoming Auctions

On 30-06-2022 - Online rate contract tender sale of MISCELLANEOUS SCRAP – Such as Waste Wood, Plastic, Hoop Iron Strips, Waste Muddy Burr & others at Sundaram Hydraulics Ltd., S.P. Koil Road, Sriperumbudhur.
On 30-06-2022 - Online rate contract tender sale of Sale of Used & discarded Cartons & Separators, Corrugated carton Waste, Wooden Scrap, Steel Pallett , etc. at Wheels India Ltd., WTAD, Ford Suppliers Park, Chengalpattu.
On 30-06-2022 - Online rate contract tender sale of Empty Bobbin Spools (Good & Damaged), Paint Tins & Wooden Scrap at Wheels India ltd., Arkonam Rd, Namachivayapuram, Thodukkadu Village
On 30-06-2022 - Online rate contract tender sale of Used & discarded Elec. Cables, MS Boring/Fabrication, PVC Spools, Carton Boxes, PU Hose, Plastic, Hoop Iron, Wooden Scrap, Pallets, Brass, Aluminum, Wood at Wheel India Ltd., Las-II Mambakkam, Irungattukottai
On 30-06-2022 - Online rate contract tender sale of Used & Discarded scrapped PVC Spools, Grinding Wheels, Electrical Items (Cables, Weding Machines, Wooden scrap at Wheels India Ltd.102, Sumendrambedu Village, Irungattukotta
On 30-06-2022 - Online rate contract tender sale of Used & discarded Elec. Cables, Carton Boxes, PU Hose, Plastic, Hoop Iron, Pallets, Brass, Aluminium, Wood scrap at Wheels India Ltd., Singaperumal Koil Road, Pondur Village, Sriperumbudhur, Pincode – 602 105.
On 30-06-2022 - Online tender Sale of Used & Discarded Plastic Spools, Air Filters, Grinding Wheels, Electrical Ca-bles/Motors/Hoists/Items, Portable Welding Machine, Grinding M/c. Parts, Pnuematic Cylinders, etc at Wheels India Limtied, SP Koil Road, Pondur Village, Sriperumbudur.
On 01-07-2022 - Online tender sale of 225 MTs. of MS Punching Strips & Buttons, Rej.MS Coponents/Coilsat Mudhra Fine Blanc Pvt. Ltd. at their Units I & II at Chennai.
On 01-07-2022 - Online Rate contract tender sale of 150 MTs. CI & 25 MTs. of MS Boring at Precision Machines and Auto Components Pvt. Ltd. SIPCOT, Irungattukottai - 602 105.
On 01-07-2022 - Online tender sale of Used Tyres, Motors, SS WW RIMs, etc. at Wheels India Ltd. Padi, Chennai - 600 050.
On 01-07-2022 - Online Rate contract tender sale of Sale of 80 MTs.of MS Fabricated Scrap, HCHCR Tools, MS Shafts, Electrical Cables, etc. at Wheels India Ltd., Padi, Chennai - 600 050.
04-07-2022 - Online tender sale at Sankili Village, Andhra Pradesh - Scrapped Brass Tube 2700Kgs
Property

Auction and tender sales of movables and immovable property such as hypothecated and pledged machines, stock, jewellery and mortgaged land and building, under the Orders of the Courts & The Debt Recovery Tribunals and under instructions from Banks & Benefit funds for recovery of debts, by sale of the movable and immovable securities, after complying with all pre sale & post sale legal procedures, are handled by this department. The department is ideally located in close proximity to the Courts of Madras (Chennai). The Courts & the Debts Recovery Tribunal regularly appoint Murrays as Auctioneers/ Commissioners.

Sale by auction is a preferred mode of sale of movable assets, for recovery of debt dues. The Sale of Goods Act, which governs the sale of movable assets, provides for recovery of debts by sale of movable assets, through public auctions.

In the case of immovable property, Sec. 69 of the Transfer of Property Act empowers the mortgagee to sell the mortgaged property by public auction, without the intervention of the Courts and without the consent of the defaulting mortgagor(s), if:

  1. The mortgage is a registered simple mortgage;
  2. The property lies within the revenue jurisdiction of Chennai, Mumbai & Kolkata;
  3. The power of sale is expressly conferred on the mortgagee by the mortgagor in the mortgage deed;
  4. The interest of more than Rs. 500/- subsists for more than three months.

In addition to mortgaged property and pledged / hypothecated movables, this department also undertakes negotiated sales of un-encumbered properties. Murrays has been handling such sale from the days of its inception and is considered an expert in such sales.

Our charges for conducting the sale of movable and immovable properties are a percentage on the sale value. The actual expenses incurred for publicity and travel & stay (in case of sales held outside Chennai) is charged to the seller.

As is the case with any sale for recovery of dues, the sale will not be conducted if the defaulting pledgor/ mortgagor settles the dues to the pledgee / mortgagee at any time prior to the sale.

Schedule of Sale