Demand Notice Under Section 13(2) of Securitisation Act of 2002 by Assets Care & Reconstruction Enterprise Ltd.
Aug 17, 2026 • Arjuman Rafath13 • Legal Announcements / Legal Notices
Source:
financial express
This document appears to be a formal Demand Notice under Section 13(2) of the SARFAESI Act, 2002, issued by Assets Care & Reconstruction Enterprise Ltd. (ACRE) to recover outstanding financial dues.Borrower & Dues: Issued against Mahima Vastralaya, Sushil Kumar Kharwar, and Kamalavati Devi for an amount of ₹3,04,121/- under loan account PR00908963 (SBFC portfolio).Property Details: Relates to mortgaged property located at Khasra No. 188, Village Devala, Dadari, Gautam Budh Nagar, Uttar Pradesh.Action Required: The notice demands payment within 60 days from publication, restricting any sale, lease, or transfer of the secured asset under Section 13(13).