MRC Agrotech Ltd — Updates, 07-06-2025: Company Update

Bank of Baroda has taken physical possession of a flat in Vrundavan Residency, Karjat, after the borrower, Mr. Ayub Khudbuddin Mulla, failed to repay a loan amounting to Rs. 26.64 lakh plus interest. The Bank cautions against any dealings with the property as it remains charged against the outstanding dues. Separately, Central Bank of India issued a demand notice to M/s Tastley Foods Pvt Ltd for default on a GST loan facility of Rs. 2 Cr with total dues over Rs. 2.09 Cr, warning of recovery action if unpaid within 60 days. Indian Overseas Bank reported loss of original property documents and registered a police complaint for recovery efforts. Multiple banks have announced secured asset auction sales for various non-performing accounts, signaling intensified recovery through SARFAESI Act provisions.