FSL_SETTLE_APPROVE_20241221_1810_16655542_0
FSL_SETTLE_APPROVE_20241221_1810_16655542_0
FSL_SETTLE_APPROVE_20241221_1810_16655542_0
FY 24-25/TW/2412858954756
Date:21st December 2024
To,
TEJAS DATTATRAY PAWAR
Flat no 105 Kohinoor heights Sr no 314/B Vaiduwadi Hadapsar Hadapsar pune city Maharashtra
PUNE Maharashtra
411013
Dear Sir/Madam,
Subject: Settlement of your Loan Account No. TCFTW0277000011487344 Ref: Your letter dated 21/12/2024 for settlement
This is with reference to your Settlement Request Letter dated 21/12/2024 during which you expressed your willingness and desire to settle
your Loan Account No. TCFTW0277000011487344 with TATA Capital Ltd. Considering surrounding circumstances which does not set any
precedent we offer your below settlement proposal subject to the following conditions:-
1.This is one time full and final settlement offer is subject to strict adherence to the below mentioned schedule. You should pay the
settlement/OTS amount of Rs. 60,000.00/- with the below mentioned instalments strictly as per the schedule below (time being of the
essence)
2.The aforesaid offer is subject to realisation of cheques. Please note that in case you fail to make payment on or before the due
dates/Instalment dates as mentioned above, this one time settlement offer will become null and void and waivers / concession if any
granted shall stand withdrawn with immediate effect. THAT you will be liable to pay the entire outstanding amounts as per the agreement
forthwith. Tata Capital Limited ("TCL") will be entitled to take appropriate steps in the matter to recover the entire outstanding sums due and
payable by you to TCL in accordance with the loan documents executed among us. Any monies hence paid will be appropriated to your
loan account as per terms of the loan agreement.
3. We would like to remind you that your credit history with us is provided to the local, credit Information Companies, on a regular basis, On
receipt of the agreed settlement amount by TCL your credit status will be updated as "Settled" or "Post Write Off Settled" as per your
account delinquency status, with NIL outstanding in the bureau records, In case you intend to clear the settled status in the bureau records,
you will have to clear the total balance outstanding in your account.
4. On realisation of the settlement amount, as per payment schedule mentioned above, the said account will be treated by TCL as settled
and closed for all purpose. If the payment is made by way of Demand Draft/Cheque, the settlement offer would be valid subject to
realization of said Demand Draft/Cheque.
5. Upon realization of the entire settlement payment,as per agreed Settlement Payment schedule hereinabove your above loan account will
stand settled and closed. It is further stipulated that any legal proceedings initiated, or complaints lodged by any of the parties, and or its
successors, employee, officials, and/ or representative shall be withdrawn unconditionally on its next date of hearing.Please take note that
the legal proceedings will be withdrawn as per the convenience of the court.
This letter is issued without prejudice to the rights of the TCL to take necessary steps against you in accordance with law in the event of any
breach committed by you in terms hereof and / or the terms governing the facility including defaults in future payments.
Please sign a copy of this letter and acknowledge receipt token of your confirmation and acceptance.
Regards,
Rajiv Kale