Scribd Logo
Upload

Welcome to Scribd!

  • 4 views

    138 Notice Ashok 2

    Uploaded by

    Mohan Kumar A B
    Pcr

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    138 Notice Ashok 2

    Uploaded by

    Mohan Kumar A B
    4 views2 pages
    Pcr

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Pcr

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4 views2 pages

    138 Notice Ashok 2

    Uploaded by

    Mohan Kumar A B
    Pcr

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    To, 26/10/2024

    Sri. Ashok A,
    S/o Krishnappa,
    Residing at Balepura Reddihalli,
    Devanahalli, Reddihalli,
    Near Aalada Mara, Hoskote,
    Bangalore Rural, Karnataka
    India- 562129
    Mobile No- 9538103109

    NOTICE UNDER SECTION 138 NEGOTIABLE INSTRUMENTS ACT 1881


    Under the instruction of our client M/s Shriram Finance Ltd, which is
    a Public Ltd Company, having its original Office at No. 29/A, 2nd floor, K.
    H Road, Bangalore- 560027, to issue this notice to you as follows.
    1. Our client company is a company incorporated under The
    Companies act 1956 having its regional office at No. 29/A, 2 nd
    floor K.H Road, Bangalore- 560027.
    2. Our client company states that you approached our client
    company and availed vehicle loan on 10/10/2022 for the sum of
    Rs. 2,50,000/- for the purpose of purchasing a Light Motor
    Vehicle, manufacturing year 2019, Model- Hyundai XCENT-P-
    Passenger Commercial, which vehicle bearing Registration No-
    KA04AC2455 and you also executed a Loan come Hypothecation
    Agreement on 10/10/2018 vide Agreement No-
    ‘YELAH2209290007’ with one Sri. Muralidhara A S/o Abbaiah as
    a guarantor. After availing the loan you have failed to repay the
    installments as and when it became due and thus you have
    become a defaulter.

    3. Our client company states that, despite several request and


    remainders of our client to you, to discharge the amount due by
    you to our client company under the said agreement towards the
    part payment (Balance EMI), you issued 2 Cheques one Cheque
    bearing no- “666706” dated 28/09/2024 for the sum of Rs
    1,11,240/- (One Lakh Eleven Thousand Two Hundred and Forty
    only) drawn on Canara Bank, Shivakanahalli Branch, Bangalore
    Rural, Karnataka 562110 and another Cheque bearing No-
    “666708” dated 28/09/2024 for the sum of Rs 1,11,240/- (One
    Lakh Eleven Thousand Two Hundred and Forty only) drawn on
    Canara Bank, Shivakanahalli Branch, Bangalore Rural,
    Karnataka 562110.
    4. Our client company states that you had specifically assured our
    client company that the above said cheques would be honored by
    your banker upon presentation of the same. As per your
    instruction and assurance our client company presented the
    above mentioned cheques for realization through its banker-
    AXIS Bank Ltd, M.G Road Branch, Bangalore 560001 on
    30/09/2024. To the utter shock and dismay of our client company,
    the above mentioned two cheques have been dishonored and the
    same have been returned unpaid with endorsement “FUND
    INSUFFICIENT” vide Banker’s Endorsement dated: 01/10/2024.
    5. Our client company has further instructed us to state to you that,
    despite of sufficient opportunity, you failed and neglected to
    discharge the liability by making the payment covered under the
    above mentioned instrument which you had issued from the
    above said instruments for discharging your liability which was
    due to our client company and the same is legally enforceable
    debt. You in spite of issuing the said cheques you have not
    arranged with sufficient funds in your bank account and bouncing
    the above said cheques is deliberate act on your part which is an
    offence under the provisions of BNS and also you have
    committed an offence under section 138 of N.I Act 1881.
    6. Our client company therefore instructs us to call up on you to pay
    the entire cheques amount of Rs. 2,22,480/- (Two Lakhs Twenty
    Two Thousand Four Hundred and Eighty only) within 15 days
    from the date of receipt of this notice, failing which our client will
    be constrained to take necessary action as advised against you
    before the competent Court of Law for both Civil and Criminal
    Liabilities and in that event you will be held liable for all the costs
    and incidents to such proceedings which you to please avoid.
    This notice is issued under the provisions of section138 of N.I
    Act.
    This cost of this legal notice is Rs. 5000/- payable by you to our
    client company.

    SULAKSHANA DARPAN
    ADVOCATE

    You might also like