Hindustan Motors 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 Rs. 30 Cr mortgage loan taken from Dewan Housing Finance. The borrower has defaulted on principal and interest payments, with the loan classified as an NPA as of March 2025. Ashok Investors, now the loan assignee, demands Rs. 40.48 Cr outstanding plus further interest and charges. Non-payment within 60 days could lead to enforcement actions, including seizure and sale of the mortgaged commercial and residential properties in Borivali, Mumbai.