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Promissory Note

This promissory note establishes that Ashwani Manaktala is lending Vimal and Rimple Yadav a total sum of Rs. 50,00,000, to be paid back in full by May 31st, 2023. If the borrowers fail to repay the full principal by that date, the lender has the right to accelerate the payment schedule and demand immediate repayment of the entire outstanding principal. The borrowers and lender sign to agree to the terms of the promissory note.

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1K views2 pages

Promissory Note

This promissory note establishes that Ashwani Manaktala is lending Vimal and Rimple Yadav a total sum of Rs. 50,00,000, to be paid back in full by May 31st, 2023. If the borrowers fail to repay the full principal by that date, the lender has the right to accelerate the payment schedule and demand immediate repayment of the entire outstanding principal. The borrowers and lender sign to agree to the terms of the promissory note.

Uploaded by

Nishantverma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

PROMISSORY NOTE

Ashwani Manaktala S/o Surinder Kumar Manaktala resident at 2202

Sapprive Regeney Tower, Ghodbundar Road, Near Hyper City Mall, Anand

Nagar, Thane, Maharasthra -400607 having Aadhar Card

No.605700462505 hereinafter refer to as Lender.

AND

Vimal Yadav S/o Sh. Rajender Yadav having Aachar Card

No.265722951441 and Rimple Yadav W/o Sh. Vimal Yadav having Aadhar

Card No.784882170303 resident of [Link].3368 Near Market Sector-23,

Cartarpur allias Daulatpur Nasirabad Gurgram, Haryana-122017 hereinafter

refer to as Borrower.

On ________, the borrower promises to pay Lender the total sum of

Rs.50,00,000/- (Fifty Lakh), herein after refer to as principle. The borrower

agrees unconditionally to pay the principla in full by 31 st May, 2023.

Should the borrower fails to pay the sum total of principle by Final date of

31st May, 2023, the borrower will be in default and subject to acceleration
of promissory note: the lender may accelerate the schedule of the note

and declare full payment of total principal due immediately.

Borrower

Lender

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