Public Demand Notice Under SARFAESI Act, 2002 🏦
Dec 31, 2025 • Sobiya Fatima • Legal Announcements / Legal Notices
Source:
Namaste Telengana
Canara Bank, Hanumakonda-II Branch has issued a formal Demand Notice under Section 13(2) of the Securitization & Reconstruction of Financial Assets & Enforcement of Security Interest (SARFAESI) Act, 2002. This notice is directed toward borrowers and guarantors whose loan accounts have been classified as Non-Performing Assets (NPA).
Account & Legal Details
Branch: Hanumakonda-II (13601), Warangal
Loan Classification: Non-Performing Asset (NPA) as of December 28, 2025
Legal Reference: Section 13(2) of the SARFAESI Act, 2002
Borrower and Guarantors
Primary Borrower: M/s. Soha Industries
Address: Plot No. 16, Site A, IDA Rampur, Dharmasagar, Warangal
Guarantors / Co-borrowers:
Mr. Mohd Adeeb
Sri Mohammed Ismail
Sri Mohd Abid
Financial & Property Details 💰🏭
Outstanding Amount: ₹1,14,08,300.14 (One Crore Fourteen Lakh Eight Thousand Three Hundred and Paise Fourteen Only), plus further interest and incidental expenses
Secured Property Description:
Industrial shed and labor rooms
Plot No. 16 (Site A), Sy No. 150 & 151, Rampur Village, Kazipet Mandal, Hanumakonda District
Extent: 2387.21 Sq. Yards (approx. 1996.00 Sq. Mts)
Action Required & Consequences ⚠️
Deadline for Payment: Full outstanding amount must be paid within 60 days from the date of this publication.
Consequence of Non-Payment: Failure to pay will result in legal proceedings under sub-section (4) of Section 13 of the SARFAESI Act, including potential seizure and sale of the secured property.
Notice Date: December 29, 2025