State Bank of India Possession Notice – Mahabubnagar Property (Symbolic Possession)
Jul 27, 2026 • Maryam Begum • Company Updates / Business Notices
Source:
The Hans India
Description:
State Bank of India (SBI), RASMECCC Mahabubnagar, has issued a symbolic possession notice under the SARFAESI Act, 2002, for an immovable property belonging to borrower Sri Dokuri Tirupathi Reddy.
The notice has been issued due to non-payment of the outstanding loan amount despite the demand notice dated 05 March 2026. SBI has taken symbolic possession of the secured asset on 21 July 2026 under Section 13(4) of the SARFAESI Act and the Security Interest (Enforcement) Rules, 2002.
Borrower Details:
Sri Dokuri Tirupathi Reddy, S/o D. Rami Reddy
Residential Address: H.No. 1-75, Appampally Village, Marikal Mandal, Narayanpet – 509351
Business Name: M/s Tirumala Tyre Point
Property Details:
H.No. 1-3-134, Rajendranagar, Mahabubnagar
Total Area: 128.37 Square Yards (107.33 Square Metres)
RCC Roof Building comprising:
Ground Floor Built-up Area: 640 Sq. Ft.
First Floor Built-up Area: 441 Sq. Ft.
Registered Sale Deed No. 16876/2019 dated 23 October 2019.
Outstanding Amount:
₹20,96,794 as on 21 July 2026, along with applicable interest, charges, and incidental expenses.
Demand Notice Amount: ₹21,03,926 as on 05 March 2026.
The public is cautioned not to deal with the above-mentioned property, as any transaction will be subject to the charge of State Bank of India.
Contact Details:
State Bank of India, RASMECCC Mahabubnagar (Branch Code: 21768)
Address: D.No. 1-6-60, Dr. A.C. Keshavulu Complex, Near Yerrasatyam Chowrasta, Railway Station Road, Mahabubnagar – 509001.
Location: Mahabubnagar, Telangana.