BANK OF BARODA – DEMAND NOTICE UNDER SARFAESI ACT, 2002
Jun 21, 2026 • Maryam Begum • Legal Announcements / Legal Notices
Source:
Odishapostepaper
Bank of Baroda, Regional Office (Sambalpur Region), has issued a Demand Notice under Section 13(2) of the SARFAESI Act, 2002 against borrower Mrs. Rashmita Mishra and guarantors Mr. Rabi Narayan Mishra and Mr. Amit Kumar Praharaj in connection with credit facilities availed from the Phulbani Branch.
Outstanding dues amount to ₹25,44,402.45 as on 24.05.2026, together with further interest, costs, charges, and expenses. The account has been classified as NPA, and the borrowers have been called upon to repay the outstanding amount within 60 days from the notice date.
The secured assets include hypothecated stock and book debts, along with an equitable mortgage over land and building situated at Mouza Mousinga, Tahasil Harabhanga, District Boudh, Odisha, owned by Mr. Amit Kumar Praharaj.
Failure to clear the dues within the stipulated period may result in enforcement action by the Bank under the provisions of the SARFAESI Act, including possession and sale of the secured assets.
Notice Date: 19.06.2026Issued by: Authorised Officer, Bank of Baroda, Sambalpur Region, Odisha.