Possession Notice by Punjab & Sind Bank.
Aug 13, 2026 • Arjuman Rafath13 • Public Hearings / Legal Notices
Source:
the pioneer
This is a public possession notice issued by the Punjab & Sind Bank (Malout Mandi branch) under Section 13(4) of the SARFAESI Act, 2002 against M/s Satpal Enterprises and its guarantors/mortgagors for non-repayment of dues amounting to over ₹3.55 crore.Notice DetailsBank & Branch: Punjab & Sind Bank, Branch-Malout Mandi (M-0033), District Sri Muktsar Sahib, Punjab.Borrower / Guarantors: M/s Satpal Enterprises, Smt. Geetanjali Garg, Shri Vineet Garg, and Shri Vaneet Kumar.Outstanding Dues: Originally ₹3,55,81,198.22 (as of 30-04-2026), later specified as ₹29,87,207.22 (as of 31-07-2026) for a separate account.Action Taken: Symbolic possession of multiple parcels of immovable land/property in Malout was taken on August 6, 2026.