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    138 Ravikumar a 2

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    Mohan Kumar A B
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    138 Ravikumar a 2

    Uploaded by

    Mohan Kumar A B
    5 views2 pages
    Pcr

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    © © All Rights Reserved

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    Pcr

    Copyright:

    © All Rights Reserved
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    Download as docx, pdf, or txt
    5 views2 pages

    138 Ravikumar a 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. Ravikumar A,
    Residing at Savakanahalli, (V),
    Bidalur Post, Kasaba Hobli,
    Devanahalli Taluk,
    Chikkaballapura, Bidaluru Temple,
    Devanahalli Bengaluru Rural,
    Bengaluru North, Bengaluru Rural,
    Karnataka – Pin- 562110.
    Mobile No-9686117727.

    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 28/11/2022 for the sum of
    Rs. 21,00,000/- for the purpose of purchasing a Construction
    Vehicle, manufacturing year 2018, Model-Bharath Benz-
    2523FBT-T, which vehicle bearing Registration No- KA-53-D-
    5187 and you also executed a Loan come Hypothecation
    Agreement on 28/11/2022 vide Agreement No-
    ‘YELAH2211210004’ with one Sri. Harikrishna.G, S/o
    Gangadhara.M 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 a Cheque bearing no-
    “252498” dated 28/09/2024 for the sum of Rs,-23,30,000 (Rupees
    Twenty Three Lakhs Thirty Thousand only) drawn on IDBI Bank,
    Devanahalli Branch, Bangalore, Karnataka 562110.
    4. Our client company states that you had specifically assured our
    client company that the above said cheque would be honored by
    your banker upon presentation of the same. As per your
    instruction and assurance our client company presented the
    above mentioned cheque 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 cheque has been dishonored and the same has been
    returned unpaid with endorsement “ADVICE NOT RECEIVED”
    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 instrument 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 cheque you have not arranged for
    honoring the same in your bank account and bouncing the above
    said cheque 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 cheque amount of Rs,-23,30,000 (Rupees Twenty
    Three Lakhs Thirty Thousand 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

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