ACRE-ARC Demand Notice Under SARFAESI Act, 2002 – SBFC Loan Accounts
Jul 24, 2026 • Maryam Begum • Company Updates / Business Notices
Source:
Jansatta Epaper
Description:
Assets Care & Reconstruction Enterprise Ltd. (ACRE-ARC) has issued a demand notice under Section 13(2) of the SARFAESI Act, 2002 against multiple borrowers and co-borrowers of SBFC loan accounts. The notice relates to outstanding loan dues secured by mortgaged properties located in Agra (Uttar Pradesh), Bulandshahr (Uttar Pradesh), Palwal (Haryana), Faridabad (Haryana), and Kaushambi (Uttar Pradesh).
Borrowers have been advised to clear the outstanding dues within 60 days from the date of publication of the notice, failing which further recovery proceedings may be initiated under the SARFAESI Act. The mortgaged properties cannot be sold, leased, or transferred during this period.
Notice Details:
Notice Type: Demand Notice under Section 13(2) of SARFAESI Act, 2002
Publication Date: 20 July 2026
Issued By: Assets Care & Reconstruction Enterprise Ltd. (ACRE-ARC)
Location: Delhi
Contact Details:
Assets Care & Reconstruction Enterprise Ltd. (ACRE-ARC)
Unit No. 502, C Wing, One BKC, Radius Developers, Plot No. C-66, G Block, Bandra Kurla Complex, Mumbai – 400051