PNB SARFAESI Demand Notice: Loan Default by M/s Irochem Pharma & Retail Trading
Jun 25, 2026 • Farheen Begum • Legal Announcements / Legal Notices
Source:
Business Standard Newspaper
Under Section 13(2) of the SARFAESI Act 2002, the Authorised Officer of Punjab National Bank (PNB), MCC Delhi North Branch, has issued a public demand notice to borrower M/s Irochem Pharma & Retail Trading Pvt Ltd and its directors/guarantors. Following a default, the account was classified as an NPA on May 28, 2026. The parties must clear an outstanding balance of ₹4,66,10,935.84 within 60 days of this notice, failing which the bank will enforce its security interest on the mortgaged property: a 2391 sq. ft. first floor residential unit at "GREENFIELDS", Faridabad, Haryana.