To

M/S ASHOK BRICKS INDUSTRIES PRIVATE LIMITED

Post Office- Belpahar
District- Jharsuguda
Orissa
My Client : State Bank of India,
Jharsuguda Station Square Branch
K.N. Complex, Beheramal, District- Jharsaguda,
Orissa, Pin Code- 768 203.
Sir,
Under instruction of my said Client, I have to address you under the following
circumstances:

At your request and /or representation, my said client sanctioned to you

Loan/Credit facilities under Fund Base within the limit of Rs 231.55 lakhs and Non Fund
Base within the limit of Rs 400.00 lakhs on the terms and conditions stipulated in the
letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and also the third party
guarantee Sri Ranjan Kumar Lohia, Sri Manoj Kumar Agarwal, Smt. Asha Bai Agerwal
and Smt. Shanti Bai Agarwal was further secured by mortgage by the right , title and
interest of the land measuring about 5.58 Acres comprised in Plot No.1782 and 1784
under Khatian No.125/77 lying and situated at Mouza- Grindola and Kisam Gharabari
and another land measuring about 47.87 Acres comprised in Plot No.894, 892/1139,
893/1119, 887, 885, 893 under Khatian No.69/89 lying and situated at Mouza-
Gaikanpali and Kisam Gharabari and another land measuring about 2.33 Acres
comprised in Plot No.1252 under Khatian No.201/172 lying and situated at Mouza-
Piplimal and Kisam Gharabari and another land measuring about 0.310 Acres
comprised in Plot No.1193, 1199, 1195/12395 under Khatian No.1261/ 1834 and
another land measuring about 0.140 Acres comprised in Plot No.1361/18578 under
Khatian No.404 lying and situated at Mouza- Belpahar and Kisam Gharabari.

At your request and /or representation, on 19-11-2009 my said client sanctioned to

you Loan/Credit facilities under Fund Base within the limit of Rs 361.55 lakhs and Non
Fund Base within the limit of Rs 600.00 lakhs on the terms and conditions stipulated in
the letter of sanction.

At your request and /or representation, on 10-05-2011 my said client sanctioned

to you Loan/Credit facilities under Fund Base within the limit of Rs 453.06 lakhs and
Non Fund Base within the limit of Rs 600.00 lakhs on the terms and conditions
stipulated in the letter of sanction.

At your request and /or representation, on 20-12-2012 my said client sanctioned

to you Loan/Credit facilities under Fund Base within the limit of Rs 777.06 lakhs and
Non Fund Base within the limit of Rs 1,000.00 lakhs on the terms and conditions
stipulated in the letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and also the third party
guarantee Sri Ranjan Kumar Lohia, Sri Manoj Kumar Agarwal, Smt. Asha Bai Agerwal
and Smt. Shanti Bai Agarwal was secured by further mortgage by the right , title and
interest of the land measuring about 4.920 Acres comprised in Plot No.119/1670,
118/1669, 117/1668, 116, 115, 114/1667, 109/1666 under Khatian No.120/212 lying
and situated at Mouza- Durubhaga and with a continuing mortgage of land measuring
about 5.58 Acres comprised in Plot No.1782 and 1784 under Khatian No.125/77 lying
and situated at Mouza- Grindola and Kisam Gharabariand Kisam Industries and another
land measuring about 47.87 Acres comprised in Plot No.894, 892/1139, 893/1119, 887,
885, 893 under Khatian No.69/89 lying and situated at Mouza- Gaikanpali and Kisam
Gharabari and another land measuring about 2.33 Acres comprised in Plot No.1252
under Khatian No.201/172 lying and situated at Mouza- Piplimal and Kisam Gharabari
and another land measuring about 0.310 Acres comprised in Plot No.1193, 1199,
1195/12395 under Khatian No.1261/ 1843 and another land measuring about 0.140
Acres comprised in Plot No.1361/18578 under Khatian No.404 lying and situated at
Mouza- Belpahar and Kisam Gharabari.

At your request and /or representation, on 17-04-2014 my said client renewed to

you Loan/Credit facilities under Fund Base within the limit of Rs 497.48 lakhs and Non
Fund Base within the limit of Rs 1,000.00 lakhs on the terms and conditions stipulated in
the letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and also the third party
guarantee Sri Ranjan Kumar Lohia, Sri Manoj Kumar Agarwal, Smt. Asha Bai Agerwal
and Smt. Shanti Bai Agarwal was secured by further mortgage by the right , title and
interest of the land measuring about land measuring about 5.58 Acres comprised in Plot
No.1782 and 1784 under Khatian No.125/77 lying and situated at Mouza- Grindola and
Kisam Gharabariand Kisam Industries 0.310 Acres comprised in Plot No.575/1374, 575
under Khatian No.207/83 and 207/84 lying and situated at Mouza- Sargipali and
Sundergarh respectively and with a continuing mortgage of land measuring about 5.58
Acres comprised in Plot No.1782 and 1784 under Khatian No.125/77 lying and situated
at Mouza- Grindola and Kisam Gharabariand Kisam Industries and another land
measuring about 47.87 Acres comprised in Plot No.894, 892/1139, 893/1119, 887, 885,
893 under Khatian No.69/89 lying and situated at Mouza- Gaikanpali and Kisam
Gharabari and another land measuring about 2.33 Acres comprised in Plot No.1252
under Khatian No.201/172 lying and situated at Mouza- Piplimal and Kisam Gharabari
and another land measuring about 0.310 Acres comprised in Plot No.1193, 1199,
1195/12395 under Khatian No.1261/ 1843 and another land measuring about 0.140
Acres comprised in Plot No.1361/18578 under Khatian No.404 lying and situated at
Mouza- Belpahar and Kisam Gharabari.

At your request and /or representation, on 16-04-2015 my said client renewed

the existing limit and also sanctioned to you Loan/Credit facilities under Fund Base
within the limit of Rs 14.97 Crores and Non Fund Base within the limit of Rs 20.00
Crores on the terms and conditions stipulated in the letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and hypothecation of Plant
and Machinery, Stock and goods.

At your request and /or representation, on 29-02-2016 my said client renewed

the existing limit and also sanctioned to you Loan/Credit facilities under Fund Base
within the limit of Rs 26.07 Crores and Non Fund Base within the limit of Rs 20.00
Crores on the terms and conditions stipulated in the letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and also the third party
guarantee Sri Ranjan Kumar Lohia, Sri Manoj Kumar Agarwal, Smt. Asha Bai Agerwal
and Smt. Shanti Bai Agarwal was further secured by mortgage by the right , title and
interest of the land measuring about 3.19 Acres comprised in Plot No.989 and 988
under Khatian No.84/147 lying and situated at Mouza- Balichuanbada and Industrial
and land measuring about 0.08 Acres comprised in Plot No.4732/13017 under Khatian
No.1261/2523 lying and situated at Mouza- Belpahar and Kisam Homestead and
another land measuring about 47.87 Acres comprised in Plot No.894, 892/1139,
893/1119, 887, 885, 893 under Khatian No.69/89 lying and situated at Mouza-
Gaikanpali and Kisam Gharabari and another land measuring about 2.33 Acres
comprised in Plot No.1252 under Khatian No.201/172 lying and situated at Mouza-
Piplimal and Kisam Gharabari and another land measuring about 0.310 Acres
comprised in Plot No.1193, 1199, 1195/12395 under Khatian No.1261/ 1834 and
another land measuring about 0.140 Acres comprised in Plot No.1361/18578 under
Khatian No.404 lying and situated at Mouza- Belpahar and Kisam Gharabari.

At your request and /or representation, on 14-03-2017 my said client renewed

the existing limit and also sanctioned to you Loan/Credit facilities under Fund Base
within the limit of Rs 40.61 Crores and Non Fund Base within the limit of Rs 29.00
Crores on the terms and conditions stipulated in the letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and also the third party
guarantee Snehalata Agarwal, Sri Manoj Kumar Agarwal, Smt. Asha Bai Agerwal and
Smt. Shanti Bai Agarwal, Rahul Agarwal and Namrata Agarwal was further secured by
mortgage by the right , title and interest of the land measuring about 3.19 Acres
comprised in Plot No.989 and 988 under Khatian No.84/147 lying and situated at
Mouza- Balichuanbada and Industrial and land measuring about 0.08 Acres comprised
in Plot No.4732/13017 under Khatian No.1261/2523 lying and situated at Mouza-
Belpahar and Kisam Homestead and another land measuring about 47.87 Acres
comprised in Plot No.894, 892/1139, 893/1119, 887, 885, 893 under Khatian No.69/89
lying and situated at Mouza- Gaikanpali and Kisam Gharabari and another land
measuring about 2.33 Acres comprised in Plot No.1252 under Khatian No.201/172 lying
and situated at Mouza- Piplimal and Kisam Gharabari and another land measuring
about 0.310 Acres comprised in Plot No.1193, 1199, 1195/12395 under Khatian
No.1261/ 1834 and another land measuring about 0.140 Acres comprised in Plot
No.1361/18578 under Khatian No.404 lying and situated at Mouza- Belpahar and Kisam
Gharabari another land measuring about 4.92 Acres comprised in Plot No.119/1670,
118/1669, 117/1668, 116, 115, 114/1667, 109/1666 under Khatian No.120/112 lying
and situated at Mouza- Durubhaga and Kisam Homestead.

At your request and /or representation, on 22-05-2018 my said client renewed

the existing limit and also sanctioned to you Loan/Credit facilities under Fund Base
within the limit of Rs 28.89 Crores and Non Fund Base within the limit of Rs 24.00
Crores on the terms and conditions stipulated in the letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and also the third party
guarantee Snehalata Agarwal, Sri Manoj Kumar Agarwal, Smt. Asha Bai Agerwal and
Smt. Shanti Bai Agarwal, Rahul Agarwal and Namrata Agarwal was further secured by
mortgage by the right , title and interest of the land measuring about 3.19 Acres
comprised in Plot No.989 and 988 under Khatian No.84/147 lying and situated at
Mouza- Balichuanbada and Industrial and land measuring about 0.08 Acres comprised
in Plot No.4732/13017 under Khatian No.1261/2523 lying and situated at Mouza-
Belpahar and Kisam Homestead and another land measuring about 47.87 Acres
comprised in Plot No.894, 892/1139, 893/1119, 887, 885, 893 under Khatian No.69/89
lying and situated at Mouza- Gaikanpali and Kisam Gharabari and another land
measuring about 2.33 Acres comprised in Plot No.1252 under Khatian No.201/172 lying
and situated at Mouza- Piplimal and Kisam Gharabari and another land measuring
about 0.310 Acres comprised in Plot No.1193, 1199, 1195/12395 under Khatian
No.1261/ 1834 and another land measuring about 0.140 Acres comprised in Plot
No.1361/18578 under Khatian No.404 lying and situated at Mouza- Belpahar and Kisam
Gharabari another land measuring about 4.92 Acres comprised in Plot No.119/1670,
118/1669, 117/1668, 116, 115, 114/1667, 109/1666 under Khatian No.120/112 lying
and situated at Mouza- Durubhaga and Kisam Homestead.

At your request and /or representation, on 13-05-2019 my said client renewed

the existing limit and also sanctioned to you Loan/Credit facilities under Fund Base
within the limit of Rs 28.89 Crores and Non Fund Base within the limit of Rs 24.00
Crores on the terms and conditions stipulated in the letter of sanction.

The said Loan/Credit facility was secured by personal continuing guarantee of

Mr. Promad Kumar Agarwal and Smt. Shakuntala Agarwal and also the third party
guarantee Snehalata Agarwal, Sri Manoj Kumar Agarwal, Smt. Asha Bai Agerwal and
Smt. Shanti Bai Agarwal, Rahul Agarwal and Namrata Agarwal was further secured by
mortgage by the right , title and interest of the land measuring about 3.19 Acres
comprised in Plot No.989 and 988 under Khatian No.84/147 lying and situated at
Mouza- Balichuanbada and Industrial and land measuring about 0.08 Acres comprised
in Plot No.4732/13017 under Khatian No.1261/2523 lying and situated at Mouza-
Belpahar and Kisam Homestead and another land measuring about 47.87 Acres
comprised in Plot No.894, 892/1139, 893/1119, 887, 885, 893 under Khatian No.69/89
lying and situated at Mouza- Gaikanpali and Kisam Gharabari and another land
measuring about 2.33 Acres comprised in Plot No.1252 under Khatian No.201/172 lying
and situated at Mouza- Piplimal and Kisam Gharabari and another land measuring
about 0.310 Acres comprised in Plot No.1193, 1199, 1195/12395 under Khatian
No.1261/ 1834 and another land measuring about 0.140 Acres comprised in Plot
No.1361/18578 under Khatian No.404 lying and situated at Mouza- Belpahar and Kisam
Gharabari another land measuring about 4.92 Acres comprised in Plot No.119/1670,
118/1669, 117/1668, 116, 115, 114/1667, 109/1666 under Khatian No.120/112 lying
and situated at Mouza- Durubhaga and Kisam Homestead.

You have failed to observe the terms and conditions of the said sanction and also
failed and neglected to pay the dues of my said client in spite of repeated requests and
demands made by my said client for the same.

My said client has instructed me to state that the sum of Rs 9,09,53,893.61p

(Rupees Nine Crore Nine Lakhs Fifty Three Thousand Eight Hundred and Ninety Three
and Paisa Sixty One Only) in Account No. 10266298157 and Rs 8,60,75,226.64p
( Rupees Eight Crore Sixty Lakh Seventy Five Thousand Two Hundred Twenty Six and
paisa Sixty Four Only) in Account No. 3674689790 and Rs.9,18,82,372/- (Rupees Nine
Crore Eighteen Lakhs Eighty Two Thousand Three Hundred Seventy Two Only) under
Bank Guarantee totally Rs. 26,89,11,492.25p (Rupees Twenty Six Crore Eighty
Nine Lakh Eleven Thousand Four Hundred Ninety Two and paisa Twenty Two
Only) is due and owing in said loan Account by you to my said client with interest at the
agreed rate calculated with monthly rests till 26 th July, 2022 has fallen due and payable
by you to my said client under the aforesaid Account.

Under this Circumstances ,I have been instructed by my said client to call upon
you , which I hereby do to pay to my said client the said sum of Rs 9,09,53,893.61p
(Rupees Nine Crore Nine Lakhs Fifty Three Thousand Eight Hundred and Ninety Three
and Paisa Sixty One Only) in Account No. 10266298157 and Rs 8,60,75,226.64p
( Rupees Eight Crore Sixty Lakh Seventy Five Thousand Two Hundred Twenty Six and
paisa Sixty Four Only) in Account No. 3674689790 and Rs.9,18,82,372/- (Rupees Nine
Crore Eighteen Lakhs Eighty Two Thousand Three Hundred Seventy Two Only) under
Bank Guarantee totally Rs. 26,89,11,492.25p (Rupees Twenty Six Crore Eighty
Nine Lakh Eleven Thousand Four Hundred Ninety Two and paisa Twenty Two
Only) together with further interest at agreed rate per annum calculated with monthly
rests from 26th July, 2022 till the date of actual payment within 15 days from the date of
receipt of this notice failing which, I have peremptory instruction to initiate legal action
against you for recovery of the said sum together with further interest without any further
notice to you and in that event you will be held liable for all costs and consequences
thereof.

Yours faithfully

(DINESH CHANDRA SINGH)

Advocate
Copy to
1. MR. PROMAD KUMAR AGARWAL
Post Office- Belpahar
District- Jharsuguda, Orissa
&
Village: Samada
Police Station- Balapahar
District- Jharasuguda

2. SMT. SHAKUNTALA AGARWAL

 Post Office- Belpahar
District- Jharsuguda, Orissa
&
Village: Samada
Police Station- Balapahar
District- Jharasuguda

3. SRI RANJAN KUMAR LOHIA

Village: Samada
Police Station- Balapahar
District- Jharasuguda

4. SRI MANOJ KUMAR AGARWAL

Post Office- Belpahar
District- Jharsuguda
Orissa

5. SMT. ASHA BAI AGERWAL

Post Office- Belpahar
District- Jharsuguda
Orissa

6. RAHUL AGARWAL
Post Office- Belpahar
District- Jharsuguda
Orissa
 7. NAMRATA AGARWAL
Post Office- Belpahar
District- Jharsuguda
Orissa

For Information :
Please also note that your liability as a guarantor is jointly and severally with the
principal borrower namely M/S ASHOK BRICKS INDUSTRIES PRIVATE LIMITED. In
view of the above, you are hereby called upon to pay to my said client the said sum of
Rs 9,09,53,893.61p (Rupees Nine Crore Nine Lakhs Fifty Three Thousand Eight
Hundred and Ninety Three and Paisa Sixty One Only) in Account No. 10266298157 and
Rs 8,60,75,226.64p ( Rupees Eight Crore Sixty Lakh Seventy Five Thousand Two
Hundred Twenty Six and paisa Sixty Four Only) in Account No. 3674689790 and
Rs.9,18,82,372/- (Rupees Nine Crore Eighteen Lakhs Eighty Two Thousand Three
Hundred Seventy Two Only) under Bank Guarantee totally Rs. 26,89,11,492.25p
(Rupees Twenty Six Crore Eighty Nine Lakh Eleven Thousand Four Hundred
Ninety Two and paisa Twenty Two Only) together with further interest at the rate
agreed rate per annum calculated with monthly rests from 26 th July, 2022 till the date of
actual payment within 7 days from the date of receipt of this notice failing which, I have
peremptory instruction to initiate legal action against you for recovery of the said sum
together with further interest without any further notice to you and in that event you will
be held liable for all costs and consequences thereof.

(DINESH CHANDRA SINGH)

Advocate