Udit Sharma and Associates Advocates and Legal Consultants

UDIT SHARMA AND ASSOCIATES
ADVOCATES AND LEGAL CONSULTANTS

[email protected]
RPAD/SPEED POST/EMAIL
To, Date:12/01/2022
Belkar Jeetesh Parshuram
110/718, Vevoor, Near Kamal Clinic Palghar
Palghar Maharashtra 401404
9765571278
[email protected]
SUB: LOAN RECALL NOTICE - AIL201905110797.
Sir/Madam,
Under instructions from our Client Clix Capital Services Private Limited, A Non-Banking Finance Company
incorporated under the provision of companies Act, 1956 and having its registered office at 4th floor, Kailash Building,
Kasturba Gandhi Marg, Connaught Place, New Delhi- 110001, we hereby serve you with the following notice, the contents
whereof you may please note:
1. Our client, aforenamed, is inter-alia, engaged in the business of rendering financial/credit facilities, in the form of
Personal Loan etc. to the intending borrowers.
2. That you, the aforenamed addressee/s, in your capacity as Borrower/Co Borrower/Guarantor applied to our client for
seeking a Pl.
3. That after considering your loan application and relying upon the your representations and information provided by
you, our client granted you a loan in the sum of Rs. 95000.00/- (Rupees ninety-five thousand Only) vide loan
agreement No. AIL201905110797 dated 20/05/2019, which amount you, the aforenamed addressees, agreed to repay
the entire loan along with interest thereupon, in the mode of equated monthly installments as per terms of loan
agreement, executed in this regard and schedule of charges provided to you at the time of loan disbursal.
4. In consideration of the aforementioned loan availed from our client you, the aforenamed addressees, executed various
documents in favour of our client, including the loan agreement, promissory note etc.
5. You, the aforenamed addressees, have however, failed/avoided to adhere to the terms of the repayment of the said loan
agreement, and have thus defaulted and neglected to pay various EMIs. Under these circumstances, you, the
aforenamed addressees, have committed breach of the terms of the loan agreement, and have consequently rendered
yourselves liable to repay the entire loan amount, alongwith interest thereupon as well as other charges, to our client,
forthwith. Our client has therefore, no option but to recall the entire loan, with interest and other charges. As on date, a
total sum of Rs. 81105.00/- (Rupees eighty-one thousand, one hundred and five Only) due and payable as on
10/01/2022 is thus due and payable by you, the aforenamed addressees, in respect of the said loan account.
6. In view of the above, you, the aforenamed addressees, are hereby jointly and/or severally called upon, to pay a sum of
Rs. 81105.00/- (Rupees eighty-one thousand, one hundred and five Only) to our client, within 7 days of receipt of
this notice, failing which our client shall be constrained to recall the entire loan, alongwith interest and all costs,
expenses etc. shall be at liberty to initiate legal proceedings (Civil & Criminal) against you for the recovery of same at
your costs and consequences thereof and initiate the following among other remedies;
 Section 138 NIA and Section 25 of PASSA which deals with dishonor of Cheque and ECS, respectively,
Onward Coworkx, UG, E-44/3, Okhla Phase II, Okhla Industrial Area, New Delhi-110020.
UDIT SHARMA AND ASSOCIATES
ADVOCATES AND LEGAL CONSULTANTS
[email protected]
provide for punishment for Imprisonment up to 2 years, and/or fine up to twice the amount of the
Cheque/ECS amount or both.
 Initiate legal proceedings for recovery including Civil/Arbitration Proceedings and seek attachment of your
assets, for the recovery of the dues of our client etc.
 Government Employees salary / pension can be attached for execution of Award.
 Information about your debt will be shared with other financial institutions and banks (through CIBIL). You
may not receive any other loan (two-wheeler, car, credit card) in future from any other financial institution
and may face difficulty finding a new job as companies check CIBIL before hiring.
 Initiate Legal Proceeding Under Insolvency and Bankruptcy Code, 2016 before National Company Law
Tribunal.
7. Please note that you shall be liable to pay the entire outstanding amount along with applicable interest & charges due
and payable on the date of the actual payment made by you.
In case you have any queries / clarifications, you are requested to contact our client’s Regional Manager Santosh Mishra
at 8779202122.
A copy of this notice has been retained in our office for further action.
Kindly ignore this communication in case you have already settled the above amount due on your Account.
Yours Sincerely,
Udit Sharma
Advocate
Onward Coworkx, UG, E-44/3, Okhla Phase II, Okhla Industrial Area, New Delhi-110020.

Udit Sharma and Associates Advocates and Legal Consultants

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UDIT SHARMA AND ASSOCIATES

ADVOCATES AND LEGAL CONSULTANTS

SUB: LOAN RECALL NOTICE - AIL201905110797.

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