The document is a repossession intimation letter sent to the Jadar Police Station informing them that a borrower named Rakeshkumar Gor defaulted on loan repayments for his Tata LPT 1512 vehicle. As the borrower did not repay the loan as agreed in the loan contract, the finance company is invoking their right to recover possession of the vehicle. The letter is to notify the police of the repossession and prevent any complaints from the borrower that the vehicle was stolen.
Original Description:
Original Title
Gmail - POST Repossession Intimation to Police Station GJ-31-T-5174 jadar police station
The document is a repossession intimation letter sent to the Jadar Police Station informing them that a borrower named Rakeshkumar Gor defaulted on loan repayments for his Tata LPT 1512 vehicle. As the borrower did not repay the loan as agreed in the loan contract, the finance company is invoking their right to recover possession of the vehicle. The letter is to notify the police of the repossession and prevent any complaints from the borrower that the vehicle was stolen.
The document is a repossession intimation letter sent to the Jadar Police Station informing them that a borrower named Rakeshkumar Gor defaulted on loan repayments for his Tata LPT 1512 vehicle. As the borrower did not repay the loan as agreed in the loan contract, the finance company is invoking their right to recover possession of the vehicle. The letter is to notify the police of the repossession and prevent any complaints from the borrower that the vehicle was stolen.
To, The senior inspector JADAR POLICE STATION (name of police station) Dear Sir Sub: Loan No : GAH00685L Registration : GJ-31-T-5174 Assets Details : TATA LPT 1512 Engine No : AS PER RC Chassis No : AS PER RC Name of the Borrower :RAKESHKUMAR GOR Address of the Borrower : ${customer_address} Above Borrower has defaulted on the scheduled repayment of installment for the above loan as expressly agreed by The said borrowers vide the Composite Loan Agreement (cum Hypothecation) for: loan and guarantee entered between the said borrower and our bank. Pursuant to our right under the said Composite Agreement we are taking steps to recover possession of the said vehicle. It is expressly agree by the said borrower under the said composite agreement that in event he fails to pay amount when due, the bank is entitled to the change and/or possession of the said vehicle. This Communication is for your records and to prevent any disconnected that may arise from any complaint that he may lodge with you above the vehicle being stolen. Thanking you sincerely FOR INDUSIN {finance_company}LTD Authorized Signature
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