Public Notice: Demand Notice Under Section 13(2) of the SARFAESI Act, 2002 by Punjab National Bank
Aug 02, 2026 • Arjuman Rafath13 • Legal Announcements / Legal Notices
Source:
the pioneer
This demand notice from Punjab National Bank advises that the loan account of M/s R V Tools has been classified as a Non-Performing Asset (NPA).The outstanding amount listed is ₹25,99,528.62 as of June 30, 2026.The notice threatens enforcement action under Section 13(4) of the SARFAESI Act, 2002, if the full amount is not repaid within 60 days of the notice date.The security pledged includes movable properties like raw materials and stock, as well as an equitable mortgage on a property in Jalandhar.