Sachdev & Associates

(Advocates & Legal Consultants)

Chambers: Ch. No.363, Saket Court Complex,New Delhi
Phone No:- +91 7011718218
Email ID:- sachdevandassociates363@gmail.com

Ref: 3943/S&A/HFCL/LDN/BIHAR/SEPTEMBER/2023 Date- 25 /SEP/2023

TO,

Vindeshwar Paswan S/O Mr Kishun Paswan,

ADDRESS - Gram krishna dubiahi Muzaffarpur,
MOBILE - 6200538714

Ref:-Loan Demand Notice for Your Loan Account No. HJATWL00100008060563, (App id -24459156) Overdue
Amount
Rs. 34930.39- AS ON 25/09/2023 to our client M/s. Hero FinCorp Ltd.
Dear Sir / Madam,
Under instructions and on behalf of our client M/s Hero FinCorp Limited, having its Corporate Office at 9, Basant Lok,
Vasant Vihar, New Delhi-110057, we hereby serve upon you the above named addressee, the following notice: -
That vide (Loan Agreement No. HJATWL00100008060563) executed by you and our client, you availed Two wheeler
Vehicle Loan of Rs. 34930.39/- You were entrusted with vehicle / asset, bearing REGISTRATION NO. BR31AS2377,
SPLENDOR PLUS hypothecated property.That under the terms and conditions of the said Agreement you were bound to
repay the loan amount in equated monthly Installments of Rs. 3160/- each. You grossly failed to comply with the terms and
conditions of the said Loan agreement and defaulted in payment of equated monthly Installments (EMI) as per the
stipulated schedule. Our client states that as on 25/09/2023 a sum of Rs. 34930.39/- is outstanding and payable by you. In
terms of the agreement our client has the right to terminate the agreement and demand the entire foreclosure amount in
the event of your failure to pay any Installments. The said vehicle is hypothecated as a security in our favour and we still
are the actual and absolute owner of the same.
That our Client call upon you through this legal notice to make the payment of Rs. 34930.39/- /- within Five days of the
receipt of this notice:-
EMI Overdue 12640
Other Charges (including Cheque Bouncing & Late payment 1765.39
Charges)
TOTAL 34930.39
 Please take note that the above amount is not constant as it changes on daily basis due to various factors
including interest accrual & charge/penalty towards any default and as per future outstanding as well.

Through this notice, you are also required to physically produce the above said vehicle / asset, bearing REGISTRATION
NO BR31AS2377 SPLENDOR PLUS to our client’s representative 9955131373 within 05 days from the receipt of this notice
between 10:00 AM to 04:00 P.M. for physical verification / inspection. In addition to this, you are also required to bring the
original registration book with the insurance policy and also other relevant documents.
 We trust that you shall do the needful within the stipulated time and shall obviate the necessity of taking
unpleasant steps, which is needless to mention shall be at your cost and consequences. Our client shall at
liberty to initiate legal proceedings (Civil & Criminal) against you for the recovery of same at your costs and
consequences thereof and initiate the following among other remedies;
 Section 138 NIA and Section 25 of PASSA, which deals with dishonor of Cheque and
NACH/Direct Debit, respectively, provide for punishment for Imprisonment up to 2 years,
and/or fine up to twice the amount of the Cheque /NACH/Direct Debit, or both.
 Initiate legal proceedings for recovery including Arbitration Proceedings.
 Government Employees salary / pension can be attached for execution of Award.
 Information about your debt will be shared with other financial institutions and banks (through
CIBIL). You may not receive any other loan (two-wheeler, car, credit card etc.) in future from
any other financial institution and may face difficulty finding a new job as companies check
CIBIL before hiring.
 Take charge and/or possession of the Said Asset if failed to produce for inspection as stated
above and sell, transfer, alienate the same for the recovery of the dues of our Client. Kindly
take due note that in case of your failure to comply with the present notice our Client would be
duly entitled to take possession of the Said Asset and Sell, transfer, alienate etc. the same for
the recovery of its dues.

A copy of this notice is retained in our office for future necessary action.
Kindly ignore this communication in case you have already settled the above amount due on your
Account.

For Sachdev & Associates

(ADVOCATE & LEGAL CONSULTANT)
NOTE: In case you wish to make payment in terms of the present notice, we request you to please
bring copy of this notice along with Cash /D.D. favoring “HERO FINCORP LTD” or send the same on
Manager-Legal, Retail Finance, Hero Fincorp Ltd, 09, Basant Lok, Vasant Vihar, New Delhi-110057
and close the issue or have any query you may contact representative at 9955131373 of “Hero
FinCorp Ltd”.