Professional Documents
Culture Documents
To
Mr Mrutyunjay Sahooo
kumar sahoo
S/o- late Prafulla
At/po- Talakurunia
Ps.Khantapara,balasore-756044
AND RECONSTRUCTION
SUB: NOTICEU/S 13(2) OF SECURITISATION
ENFORCEMENT OFSECURITY
OF FINANCIAL ASSETS AND ACT)
!NTEREST ACT 2002 (HEREINAFTER CALLED' THE
Dear Sir / Madam,
At your request, you have been granted by the Bank, through our GOPALPUR Branch from time to time,
various credit facilities in form of Cash Credit / Overdraft/ ITerm Loan of Rs. 6,20,000 (Rupees six lakh
of
with interest Floating rate & subject to change from time to time) by way
twentythousand only) only favor of the Bank. The relevant
Financial assistance against various assets creating security interest in
particulars of the said credit facilities and the security agreement(s) document(s) executed by you are
stated in Schedule "A" and "B" respectively excluding pledge of movables. You have availed the
financial assistance with an undertaking for repayment of the said financial assistance in terms of the said
agreement(s)/document(s)
YOu have also created mortgage by way of deposit of title deeds/Registered mortgages creating
also stated in
securityinterest in favor of the Bank. The documents relating to such mortgage are
Schedule "B"
The relevant particulars of the secured assets are specifically stated in Schedule "C".
YOu have also acknowledged subsistence of the liability in respect of the aforesaid credit facilities
by executing confirmation of balances and revival letters and other documents from time to time. The
Operation of and conduct of the above said financial assistance/credit facilities have become iregular
and the debt hos been classified as Non-Performing Assets on 30-04-2022 in accordance with the
airectives/guidelines relating to asset classifications issued by the Reserve Bank of India consequent to
the default committed by you in repayment of principal debt and interest thereon The said financial
assistance is also secured by the personal guarantee of 1) Mr Upendra Behera s/o Dasarathi behera.
Despite repeated requests, you have failed and neglected to repay the said dues/outstanding liabilities.
Therefore, the Bank hereby calls upon yoU U/s 13(2) of the said Act by issuing this notice to
discharge in full your liabilities stated hereunder fo the Bank within 60 days from the date of this notice.
Your outstonding Iiabilities (in aggregate) due and owing to the Bank is in the sum of Rs.6,31,758.11
as on 30.04.2022.
(Rupees six lakh thirty one thousand seven hundred fifty eighi and eleven paisa only)
You are also liable to pay future interest at the contractual rate on the aforesaid amount together with
incidental expenses, cost, charges, efc.
f you fail to repoay to the Bank the aforesaid sum Rs 6,31,758.11 as on 29-04-2022 with further
interest and incidental expenses, costs as stated above in ferms of this notice u/s. 13(2) of the Act, the
Bonk will exercise all or any of the ights defailed under Sub-Section 14) of Section 13 and under other
applicable provisions of the said Act.
YoU are also put on notice that in terms of Sub-section 13 of section 13 you shall not transfer by
sale, lEasE or otherwise the said sec ured assets availed in Schedule "C" of this notice without obtaining
written Consent of the Bank.
The Bank reserves its rights to call upon you to repay the liabilities that may arise under the
outsianiding Bils Discounted, Bank Guarantees and Letter of Credit issued and establshed on your behal
as well a: other contingent liabilities.
This notice is without prejudice to the Bank's right to initiate such other actions or legal proceedings as it
deems necessary under any other applicable provisions of Law.
e alarors
Of UoD Bank, 2or
Yours faithfully,
evidencingg
SCHEDULE'B
including al supplementary documents &Documents
(Details of Security Documents
creation of mortgage
of Date of Amount
Document
Nature
SI.NO. Name of the
Secuity Execution Secured(Rs
29/03/2014 Rs.6,20.000
Demand Promissory note
A-1
SCHEDULE 'C
PART-1
Hypothecation of assets created out of bank finance: COMPANY
Goods OWNER
Stocks Mrutyunjay Sahoo NA
PART-2
Description of Immovable Proerty:-1
Khata NoD Plot No Area Owner
Dkate of Mouza Thana
deed No
Talakur 76 AcO.500 Dec Mrutyunjay Sahoo
02-10-2014 700/432 1689
unia
, MET
&,A
Palasora
for UCO Banal ffice
Dear Madam/Sir,
f you fai to repay to the Bank the aforesaid sum of Rs 6.31.758.11 (Rupees six lakh thithy one thousand seven
hundred fity eightand elevenpaisa on) as on 30.04.2022 with futureinterest and incidentalexpenses, costs,etc. as
stated above in terms of this notice u/s 13(2) of the Act. the Bank will exercise all or any of the rights detailed under
Sub Section (4) of section 13 and under other applicable provisions of the said Act.
You are also put on nofice that in terms of Sub-section 13 of section 13 you shll not transfer by sale, Lease or
Ottherwise the said secured assets stated above without obtaining written consent of the Bank. The Bank reserves its
rights to call upon you to repay the liabilities that may arise under the outstanding Bills Discounted, Bank Guarantees
Tris notice is without prejudice to the Bank's right to initiate such other actions or legal proceedings as it deems
iecessary urnder any other applicable provisions of Law.
Yours faithfully
Authofioud UlLer(ChiefMai