Marathon Nextgen Realty Limited — Others, 23-05-2025: Copy of Newspaper Publication

Ashok Investors Trust Limited has issued a statutory demand notice to Sai Lee Developers Pvt. Ltd. and its guarantors over a defaulted mortgage loan originally from Dewan Housing Finance (now Piramal Capital & Housing Finance). The loan principal was Rs. 30 Cr, with Rs. 15.10 Cr disbursed before becoming a Non-Performing Asset due to missed payments. Ashok Investors now holds rights to recover Rs. 40.48 Cr plus interest. Failure to repay may lead to enforcement actions, including the sale of mortgaged properties in Borivali, Mumbai, highlighting potential asset recovery risks for shareholders.