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Loan Demand Notice for Vehicle Asset

This document is a Notice of Demand issued by Udit Sharma and Associates on behalf of Hinduja Leyland Finance Ltd. to two individuals, Afjal and AasMohmmad, regarding overdue loan payments for a vehicle. The notice states that the recipients have failed to make timely payments as per the loan agreement, leading to potential legal actions if the overdue amount is not settled within 7 days. It emphasizes the urgency of the situation and provides payment instructions to avoid further penalties.
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0% found this document useful (0 votes)
54 views2 pages

Loan Demand Notice for Vehicle Asset

This document is a Notice of Demand issued by Udit Sharma and Associates on behalf of Hinduja Leyland Finance Ltd. to two individuals, Afjal and AasMohmmad, regarding overdue loan payments for a vehicle. The notice states that the recipients have failed to make timely payments as per the loan agreement, leading to potential legal actions if the overdue amount is not settled within 7 days. It emphasizes the urgency of the situation and provides payment instructions to avoid further penalties.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

UDIT SHARMA AND ASSOCIATES

ADVOCATESANDLEGALCONSULTANTS
advuditsharma.11@[Link]

Date:16/02/2025
NoticeID-19238
To,

AFJAL
NIWARA GAURIPUR BAGHPAT
BARAUT
9837354013

AASMOHMMAD
MANDAWAR SHAMLI
KAIRANA
9639362816

Sub:NoticeofDemand– Reg.
Ref(1):LoanAgreementNo.- UDDEMZ00052- dated - 17-01-2024
NO-UP/17/BT/4558
*******
Sir/Madam,

Under instructions from our client M/s. Hinduja Leyland Finance Ltd., a Non-Banking Finance Company registered under the Companies Act, 1956,
havingitsCorporateOfficeatNo.27-A,DevelopedIndustrialEstate,Guindy,Chennai–600032(hereinafterreferredtoas“Myclient/HLF”),wehereby issue this
following notice to you.

1. My client states that you, the Noticee/s had availed loan (details of which are mentioned hereunder) from them, for purchasing a Vehicle /
Asset(hereinafterreferredtoasthe“Asset”)[Link] and my
client has first charge over the said Asset and you undertook to abide by the terms and conditions of the Loan Agreement including the
payment of the instalments as per repayment schedule, which is the essence of the contract. Any failure to pay on time will amount to
breach of the contract warranting HLF to initiate appropriate legal actions, as per the terms of the Loan Agreement.

2. ThatyouareirregularanderraticinrepaymentoftheinstallmentsandsomeoftheCheques/NACH/ECS/StandingInstructionmandatesissued
byyoutowardsthepaymentofinstalmentshadbeenreturned/[Link]-spiteofrepeated reminders
by HLF executives over phone and through personal visits, you have willfully and wantonly neglected to pay the installments and thereby
committed breach of the contract. On account of the same, my client has suffered huge loss as detailed hereunder, which you, the
Noticee/s is/are liable to pay.

3. BeingamemberofCreditInformationBureau(India)Limited(CIBIL),[Link] you to
make payment of the overdue instalments, forthwith to ensure that your future endeavors to obtain credit or loan facility from any
otherbank/[Link],ifyouarewillingtomakethe
aforesaidpaymentwithinthestipulatedtimeorhaveanyqueriesregardingoverdueamount,youarerequestedtocontactourrepresentative
including the nearest Branch office for the same.

LoanProductCategory CV
LoanAmount(PrincipalOnly)(InRs.) 43,82,204
Asset/VehicleDetails(Make,Model etc.) al uj 3525 tipper
LoanOverdue([Link]) (InRs.) 265564

TotalLoanOutstanding([Link]) ContactBranch
(In Rs.)
Due date of 15 /02/2025
HLFContactPerson’sName GURAMENDRA SINGH
HLFContactPerson’sMobileNo. 9634844444
Therefore,myclient herebycalls uponyou,the Noticee/stopaytheabovesaidsumwithin7days fromthedateofreceiptof this noticefailingwhich, my client
shall be constrained to initiate appropriate legal proceedings (both civil and criminal) which includes taking over possession of the Asset secured
undertheLoanAgreement,holdingyou,theNoticee/sliableforallcostsandconsequencesarisingthereto.
ADVOCATESANDLEGALCONSULTANTSadvuditsharma.11@[Link]

Treat this notice as most urgent and pay your overdues IMMEDIATELY without any further delay directly in the following link
[Link] or any other valid mode of payment to maintain your loan account regularly so as to avoid levying of penal interest and
other incidental charges.

Kindlyignorethiscommunicationincaseyouhavealreadypaidtheabove dues.
.

Yourstruly,
UditSharma

Advocate
"Kindlyignorethisnoticeifthematterhasalreadybeenresolvedorsettledoryouhavealreadymadethepayment."

OnwardCoworkx,UG,E44/3,PocketD,OkhlaPhaseII,OkhlaIndustrialArea,NewDelhi,Delhi110020.

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