Sale Intimation and Notice: HDFC Bank Ltd.The document is a formal Sale Intimation and Notice issued by HDFC Bank Ltd. regarding the sale of securities pledged by specific borrowers.Key DetailsPurpose: The bank intends to sell pledged securities to recover outstanding dues from loans/overdrafts that have been classified as NPA (Non-Performing Asset).Legal Basis: The notice is issued in compliance with Section 176 of the Indian Contract Act, 1872.Action Date: The bank intends to sell/dispose of the securities on or after 14th July 2020.Market Volatility Clause: If the value of the securities falls further due to stock market volatility, the bank reserves the right to sell them within one (1) calendar day without further notice.