Rajendra B. Office No.

1518/1519, 15th
[Link]. Floor,Building No.
A-1, Rupa Solitaire,Millenium
ADVOCATE, HIGH COURT Business Park,
Mahape, Navi Mumbai 400 710.

LEGAL NOTICE

By Post

Ref. No. : L&T/HDN/JAN'23/ 4374356 Date: 03-01-2023

To,

VINOD KUMAR
E-375 GALI NO-3 CHHAJJU PUR BABAR PUR SHAHDARA EAST DELHI Babarpur (North East
Delhi) LANDMARK : CHAJJU GATE 110032

RE: Loan– cum - Hypothecation Agreement bearing no. 4374356 entered into between L&T Finance
Limited as “the Lender” and VINOD KUMAR as “the Borrower” and Deed of Guarantee executed by
Guarantor 4374356 as “the Guarantor”.

Under instructions and on behalf of my Client L&T Finance Limited, having their Registered Office at
Technopolis, 7th Floor, Wing-A, Plot No.4, Block-BP, Sector-V, Salt Lake, City, Kolkata – 700 091 and
having its inter alia branch office at 1st 108, Anand Vrindavan Sanjay Place, Agra Near Sales tax Office ,
I have to address you as under:

 Please take note that, L&T Finance Ltd have been merged into Family Credit Ltd. Name of Family
Credit Ltd. is changed to L&T Finance Ltd.
 Customer Borrower approached my clients with a proposal for a Loan Facility of onasset being on
loan- cum- hypothecation basis and my client acceded to the said request.
 Under the said Agreement, Customer agreed to repay the said loan with interest in 22 Installments
each as per the repayment schedule of the said Agreement.
 Under the terms & conditions of the said Agreement, Customer and Co-borrower had agreed to pay
to my Client, the said loan installments, interests and other charges including stamp duty and
registration fee, if any, on the respective due dates as set out in the Schedule annexed to the said
Agreement, together with all the charges as payable under the said Agreement. Customer and Co-
borrower had agreed pay my Client delayed payment charges @ 36% p.a. on delayed payments.
This was notwithstanding the other rights and remedies of my client under the said Agreement.
 Under the terms & conditions of the said Agreement Customer had created the sole and exclusive
charge on the said vehicles in favour of my client by way of hypothecation under the said Agreement
in respect of the said vehicles. You have further agreed to give inspection of the said vehicles to my
clients as and when requested to you by my clients.
 Co-borrower “Guarantor”, have unconditionally and irrevocably guaranteed the due performance of
the all the terms and conditions of the said Agreement by Customer Borrower including payment of
loan installments and other amounts due under the said Agreement. The liability of Co-borrower is
joint and several and co-extensive with that of the Customer Borrower. The guarantee is a
continuing guarantee and is enforceable against Co-borrower.
 My client states that right from the inception of the said Agreement, you have been committing
defaults of the terms and conditions of the said Agreement including defaults in payment of
installments. My client states that despite repeated request and reminders, you have failed and/or
neglected to clear the said dues or to surrender the said asset to my client. My clients state that as
on 31-11-22 a sum of RS.141866.42999999999/- is due and payable by You to my Client
comprising of overdueloan installments, delayed payment and other charges apart from the future
loan installments.
 In this circumstances, I, on behalf of my Client, hereby call upon Customer and Co-borrower
the Guarantor, jointly and/or severally, to pay my client a sum of Rs.141866.42999999999/-
forthwith on receipt of this notice and also to pay the future loan installment on their
respective due dates. Further my clients request you to give inspection of the said vehicles
to my client within 7 days from the date of receipt of this notice to you, by informing my
client in writing about the place at which inspection will be given by you,, failing which my
Client will be constrained to take such steps in exercise of its rights under the said
Agreement, including right to take possession of the said asset's, entirely at your risk as to
the costs and consequences thereof, which you may please note with care and caution.
This is without prejudice to my Client’s right to take such legal action, in civil as well as
criminal laws, against you, for recovery of its outstanding as well as custody of the asset's.

Please ignore this letter if you have paid the above amount before receipt of this letter.

Yours sincerely,

Advocate, High
Court.

This is a system generated notice.