BANK AUCTIONS

Possession Notice for Shree Ganesh Khand Udyog Sahakari Mandli Ltd in Bharuch, Gujarat

By TEAM CIRCULAR EXPRESS • 10 Aug 2026
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The National Cooperative Development Corporation (NCDC) has taken symbolic possession of the movable and immovable assets of Shree Ganesh Khand Udyog Sahakari Mandli Ltd. This action was taken under the SARFAESI Act due to the borrower's failure to repay an outstanding loan amount of Rs. 36,85,45,219. The secured assets include the borrower's sugar factory, godowns, plant and machinery, and 46.03 hectares of land in Vataria village, Bharuch district. The public is cautioned against dealing with these properties as they are now under the charge of NCDC. The borrower retains the right to redeem the assets before any public auction or sale process is initiated.
City
Vataria, Valia, Bharuch
State
Gujarat
purpose of issuance
Formal notice of symbolic possession of secured assets under the SARFAESI Act due to loan default.
Most Important Details
Outstanding dues of Rs. 36,85,45,219; Symbolic possession taken on 2026-08-10; Assets include sugar factory, machinery, and 46.03 hectares of land.
City_1
Vataria, Valia, Bharuch
State_1
Gujarat
purpose of issuance_1
Formal notice of symbolic possession of secured assets under the SARFAESI Act due to loan default.
Most Important Details_1
Outstanding dues of Rs. 36,85,45,219; Symbolic possession taken on 2026-08-10; Assets include sugar factory, machinery, and 46.03 hectares of land.

Regards, Circular Express

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Possession Notice for Shree Ganesh Khand Udyog Sahakari Mandli Ltd in Bharuch, Gujarat

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