Possession Notice: Property Seizure & Debt Default
Jul 20, 2026 • Farheen Begum • Legal Announcements / Legal Notices
Source:
Business Standard Newspaper
SBFC Finance Limited has taken symbolic possession of a secured property asset under Rule 8(2) of the Security Interest (Enforcement) Rules, 2002. This legal step follows the failure of the primary applicant, Mrs. Sangita Sharma, and co-applicant, Mr. Shiju Valsalan, to repay outstanding dues. The financial institution claims an outstanding balance of Rs. 25,21,037 under loan account number 639734 (PR00948276). The public is cautioned against dealing with the specified residential property situated at Flat No- 101, Dombivali (E).