Lotey Bros. (Prop. Lt. S. Jagjit Singh S/o Lt. S. Piara Singh)

  • Zonal Office Kathua
  • FEROZEPUR (0336)
Branch Name:

FEROZEPUR (0336)

State:

Punjab

Borrower Name:

Lotey Bros. (Prop. Lt. S. Jagjit Singh S/o Lt. S. Piara Singh)

Guarantor Name:

1. S.Manjit Singh S/o S. Piara Singh
2. S. Avtar Singh S/o S. Gajjan Singh
3. Lt. S. Manjit Singh S/o S. Gajjan Singh

Registered address of the Borrower:

1. H. No. 330 W. No. 24 Inside Bagdadi Gate Ferozpur City

Registered address of the Guarantor :

1. H. No. 330 W. No. 24 Inside Bagdadi Gate Ferozpur City 2. H. No. 28 Model Town Ferozpur City 3. H. No. 28 Model Town Ferozpur City

Outstanding amount (in ₹) :

Rs. 1985931.20 ( NPA amount Rs.1222598.20 Unapplied Interest Rs. 763333.00)

Asset Classification :

Doubtful-2

Date of Asset classification :

29-02-2020

Details of security possessed :

1. Equitable mortgage of commercial-cum- residential building having shop on ground flour and residential portion on the first floor measuring 700 sqt. Bearing Municipal No.-D9/26 and Vasika No.-6027 Dated 15.01.1987 situated at Inside Bagdadi Gate, Ferozpur city bounded and admeasured by East Road Bahi 10, West Mr. Dhingra Bahi10, North Mangal Singh 70, South Hari Singh Bahi 70, standing in the name of S. Jagjit Singh & S. Manjit Singh both S/o S. Piara Singh valuing Fair Market Value Rs. 23.45 lacs, Forced sale Value Rs. 19.93 lacs as per valuation report dated 04.03.2023, of Nirmaljit Singh Jolly approved valuer of the Bank.

Name of the Title holder of the security possessed :

S. Jagjit Singh S/o S. Piara Singh & S. Manjit Singh S/o S. Piara Singh