Public Notice: Demand Notice Under Section 13(2) of SARFAESI Act
Jul 24, 2026 • Arjuman Rafath13 • Legal Announcements / Legal Notices
Source:
free press journal
This document is a Demand Notice issued under section 13(2) of the SARFAESI Act, 2002, by Standard Chartered Bank regarding non-performing assets.The notice lists M/S The ABK Industries Limited as the primary borrower, with Raghav Kapoor and Swati Kapoor named as directors/guarantors.It cites an outstanding amount of ₹46,18,71,084.06 as of January 7, 2019, secured against mortgaged properties in Bandra (W), Mumbai.The bank demands payment of this amount within 60 days to avoid actions such as the bank taking possession of the secured assets.