Canara Bank issues SARFAESI e-auction sale notice to Cerebra
CEREBRAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cerebra Integrated Technologies has received an e-auction sale notice under Section 13(4) of the SARFAESI Act, 2002 from Canara Bank, a secured lender, on 23rd January 2026. This is a continuation of an earlier intimation dated 15th July 2025. Under SARFAESI, Canara Bank can auction the company's secured assets to recover outstanding dues without court intervention. This signals serious financial distress and raises risk of loss of control over key company assets.
Serious negative - assets may be auctioned to recover bank dues, risking loss of control and dilution of shareholder value.