AKSHATA C.

SHIRKE AVS Compound

B.A.,LL.B Koramangala 4th Block,
Bangalore – 560 034.
Mob. No. 9916666323

Ref. Account ID: 41781086

Subject.: Legal Notice No. 1

To, Date: 21-11-2022

Rakesh,

Dear Rakesh

Sub: Payment of dues

Pursuant to the instructions from and on behalf of my client, OLA Financial Services
Private Limited (hereinafter referred to as “OFS”), I do hereby serve you with the
following Legal Notice: –

1. That IDFC First Bank Limited, a banking service provider, has extended its
revolving loan facility to the customers of OFS. OFS is an authorized payment and
settlement system operator under the provisions of the Payment and Settlement
Systems Act, 2007. OFS is inter alia engaged in the business of providing wallet
payment services in accordance with the applicable laws issued by the Reserve
Bank of India, which enables an OFS account holder to make payments through
websites, mobile applications or payment gateway. OFS operates its business
under the brand name of “OLA Money Postpaid” (“OMP”). THIS NOTICE IS
ISSUED THROUGH OFS ON BEHALF OF IDFC FIRST BANK LIMITED.

2. That, while signing up on OMP mobile application you have agreed to the Terms
and Conditions (“T&C”) of OFS by clicking “I accept” button, which construed to
form a legally binding agreement between you and OFS. As per the agreed T&C of
OFS you have accepted to make the duly payments of your dues under the
deferred payment arrangement facilitated on OFS platform, within 30 (thirty) days
of utilizing the same.

3. That, you have utilized the services of OFS platform in an agreed manner but you
 have miserably failed to clear your dues amounting to Rs.981.78 for the same, with
an overdue of nearly 30 (thirty) days, therefore, kindly clear the same on OMP
mobile application or alternatively at https://olapay.page.link/H4LC and upon
making the said payment, OFS will update the status of your payment on your
account on its mobile application.

4. That, at various dates, OFS has offered suggestions, extended options through
telephone calls and messages for the clearance of the said outstanding amount.
Unfortunately, all the efforts vide various channels of communication have gone in
vain and OFS has seen no sign of cooperation from your end. Please note that as
per the directives issued by the Reserve Bank of India, if you fail to clear your
dues, your account shall be classified as a Non-Performing Asset (NPA).

5. Therefore, I call upon you, through this notice, to clear all your dues towards OFS
immediately upon this receipt of this notice, failing which OFS can file a civil as
well as a criminal lawsuit for recovery, attachment of property and other
miscellaneous proceedings in the competent court of law against you.

6. In that event, you are liable and responsible for all costs, risks, responsibilities,
expenses, and other miscellaneous proceedings borne by OFS thereof. Also, your
account will be classified as a 'Defaulter' and this may severely impact your ability
to borrow money in future.

7. A copy of this notice is kept in my office for record for any further necessary
actions. Further, you are also advised to keep the copy safe as you would be asked
to produce in the court.

_____________________

ADV. AKSHATA C. SHIRKE