Demand Notice: Legal Recovery Proceedings Bank of India
Jul 20, 2026 • Farheen Begum • Legal Announcements / Legal Notices
Source:
The New Indian Express E-Paper
The Alibag Branch of Bank of India has initiated formal legal recovery actions under Section 13(2) of the SARFAESI Act against primary borrower Darwin Platform Industries Limited along with its guarantors. The institution is demanding the immediate clearance of an outstanding financial liability totaling over ₹5.03 Crores plus uncharged interest. The bank has identified four distinct residential flats within Delta Tower at Sector-8(P) in Ulwe as the secured collateral properties under this recovery notice.