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    138 SM Enterprises 4

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    Mohan Kumar A B
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    138 SM Enterprises 4

    Uploaded by

    Mohan Kumar A B
    7 views3 pages
    Pcr

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    © © All Rights Reserved

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    Download as docx, pdf, or txt
    7 views3 pages

    138 SM Enterprises 4

    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
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    To, 26/10/2024

    M/s S.M Enterprises,


    Represented by its Proprietrix,
    Ms. Deepika,
    No.125, 3rd Cross, Chikkabasavanapura,
    Basavanapura, Bhattarahalli, Near Ashwath Katte,
    Bengaluru, Karnataka – 560049.
    Mob: 8088444496.

    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 13/07/2022 for the sum of
    Rs. 2,70,000/- and you also executed a Loan Agreement on
    13/07/2022 vide Agreement No- ‘YELAH207120002’ with one
    Sri.Manjunath.K, S/o Krishnappa as a guarantor for the purposes
    of purchase of Cargo Three Wheeler, 2022 Model –PIAGGIO-
    APE XTRA LDX+ HT BS6 CNG, vide bearing Registration No.KA-
    53-AA-6961. 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-
    “036130” dated 28/09/2024 for the sum of Rs,1,22,636/- (Rupees
    One Lakh Twenty Two Thousand Six Hundred and Thirty Six
    only) drawn on Axis Bank, Ayyappanagara, Branch, Bangalore,
    Karnataka 560036.
    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 “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 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
    with sufficient funds 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,1,22,636/- (Rupees One Lakh
    Twenty Two Thousand Six Hundred and Thirty Six 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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