Demand Notice by Central Bank of India under SARFAESI Act, 2002
Aug 04, 2026 • Arjuman Rafath13 • Legal Announcements / Legal Notices
Source:
the pioneer
This is a formal demand notice issued by the Central Bank of India under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.Borrowers: Inder Pal Singh Sethi and Promila Sethi are named as the borrowers/guarantors.Property Details: The notice pertains to Flat No. 602 in Tower-9, Sky Garden, Sector-66A, Mohali, totaling 1431 sq. ft.Amount Due: The total demand amount is Rs. 41,21,684.17 as of July 28, 2026, excluding further interest and costs.Action Required: The borrowers must repay the outstanding liability within 60 days of the notice publication to avoid further legal action.