DRT Delhi Recovery Officer Notice – Sale Proclamation Proceedings (Punjab National Bank vs Tarun Kumar)
Jun 28, 2026 • Maryam Begum • Court Notices / Legal Notices
Source:
FinancialExpress E-Paper
Description:
The Office of the Recovery Officer-I/11, Debts Recovery Tribunal (DRT-1), Delhi, has issued a notice under Rule 53 of the Second Schedule to the Income Tax Act, 1961 read with the Recovery of Debts and Bankruptcy Act, 1993 in case RG/434/2024 dated 27/05/2026.
The matter pertains to recovery proceedings initiated by Punjab National Bank against the defendants including Tarun Kumar and others for an outstanding recovery amount of Rs. 1,67,89,203.75 along with applicable interest and costs as per the Recovery Certificate issued in December 2024.
As the dues remain unpaid, the Tribunal has scheduled proceedings for settlement of sale proclamation and fixation of terms on 25/08/2026 at 10:30 A.M.
The attached immovable property proposed for sale is:
Plot No. 101, FF-2, First Floor (without roof rights), Block A, Sector-7, Rampuri, Village Chikambarpur, Pargana Dasna, Ghaziabad, Uttar Pradesh.
The notice directs concerned parties to disclose any encumbrances, charges, claims, or liabilities attached to the property before the scheduled proceedings. The order has been issued by the Recovery Officer-I, DRT-1, Delhi.