HDFC Bank Notice for Sale of Pledged Securities
Aug 13, 2026 • Arjuman Rafath13 • Public Hearings / Legal Notices
Source:
the pioneer
HDFC Bank issued a public sale notice on August 13, 2026, stating it will sell pledged securities on or after August 20, 2026, to recover dues from eight defaulting borrowers with delinquent loan accounts.Action: Invocation of pledge and notice of sale under Section 176 of the Indian Contract Act, 1872.Deadline: Sale scheduled on or after August 20, 2026, or immediately if margin deficiencies worsen due to market volatility.Affected Borrowers: Includes Sharad Zelawat, Mukesh Mardane, Brajesh Mahajan, Nandkishor D Chandekar, Poonam Sinha, Indra Trivedi, and Anubhav Namdev.