Notice to Guarantor: Demand for Outstanding Loan Dues Recovery
Jul 11, 2026 • Farheen Begum • Legal Announcements / Legal Notices
Source:
Business Standard Newspaper
Bank of Baroda has issued a formal notice to guarantor Mr. Dharmendra Kumar Singh under Section 13(2) of the SARFAESI Act, 2002. The bank has invoked the guarantee following a credit default on a car loan facility granted to borrower Mrs. Aratee Kumari, whose account is now classified as an NPA. The guarantor is called upon to clear the total outstanding amount of Rs. 7,99,799.65 within 60 days. Concerned parties can verify compliance policies or upcoming auction listings through the Bank of Baroda Tender Portal or track recovery guidelines on the IBAPI Auction Platform.