Legal Notice: Demand Notice Under Section 13(2) of SARFAESI Act, 2002
Aug 10, 2026 • Arjuman Rafath13 • Legal Announcements / Legal Notices
Source:
Central Chronicle
This is a legal demand notice issued by Aavas Financiers Limited under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.The notice indicates that the borrower's loan account has been classified as a Non-Performing Asset (NPA).The borrower is required to deposit the outstanding amount of Rs. 2,54,348/- within 60 days to prevent the auction of their secured property.If the demand is not met, the lender may proceed to take possession of the mortgaged property located in Bilaspur, Chhattisgarh.