SHRI. C, B. ALAGODI No.

4637, Mohite Building

Indira Colony, Bhadkal Galli, Belagavi.

Cell: 9448230848

Date:10-07-2023

NOTICE BY R.P.A.D.

To.

1] Shri. Chetan Iragouda Nerli

R/o: Plot No. 2366, Sector No.11,

Mahantesh Nagar, Belagavi.

Sir,

In pursuance of the instructions and information furnished by my client, the Manager, Oneness Chit
Funds Pvt., Ltd., Belagavi, having its place of business at 4138 B/25, Venkatesh Nagar, Nidasoshi
Road, Sankeshwar, branch, Belagavi, I am addressing you the following notice,

1) My client is a firm registered under the Registrar of Companies Act and deals in financial
transactions. During the course of its business, my client Firm forms group of its members
from Sl. No.1 to 25 and benefit the said members by way of auctioning the chits. The highest
bidder shall become the beneficiary of the Chit amount for the said month.
2) My client states that, you are one of the members of the Chit Group namely Q1-2014, the
value of the said Chit being Rs.6,00,000/- and Ticket No. 17 was allotted to you in the said
Group. In auction No. 29 on 23-6-2016, you stood highest bidder of the Chit at the rate of
5.79% and accordingly my client Firm paid you an amount of Rs. 565.800 being the Chit
Prize amount in cash and you have utilized the said prize amount. Thereafter till 20
installments you went on making regular.
3) Payments towards the monthly auction of the Chits. But you did not make payment of the 21"
installment onwards till 30th installment- which amounts to Rs.3,67,980/-. Since you did not
turn up to remit the said amount, my client made repeated requests in this regard. But you
postponed the same putting forth one or the other excuses. Finally you came to the office of
 my client on 28-4-2023 and expressed your intention of settling the amount once for all and
asked my client to furnish the details of dues to be paid plus the future total installments with
interest thereon. As per your request my client furnished the said details which amounted to
Rs.3,67,980/-. Convinced with the said details, you have issued a cheque bearing No.652415
for an amount of Rs.3,67,980/-, dated: 28-4-2023 drawn on State bank of India, Sankeshwar
Branch. My client accepted the said cheque in good faith.
4) My client presented the said cheque for encashment before its Banker "Karur Vysya Bank
Belagavi Branch" on 28-4- 2023. But to its surprise, the said Cheque was returned dishonored
with an endorsement "FUNDS INSUFFICIENT" with a memo dated: 29-4-2023. Then my
client intimated you on phone about the dishonour of cheque then you further requested my
client to represent the said cheuqe again for encashment and mean while you promised to
arrange for the encashment. Accordingly my client again presented the said cheuqe on 14-6-
2023 for encashment through his banker and again it was dishonoured for FUNDS
INSUFFICIENT, Dt: 15-6-2023, thereby my client came to know that you have no intention
to return the amount and issued a bogus cheuqe without balance in your account. My client
demanded you to remit the cheque amount immediately. But you seem to be in no mood to
heed the requests of my client. Your attitude in issuing the cheque knowing full well that,
there is insufficient balance in your Account clearly shows that, you have no mind to pay the
dues of my client and thereby you have rendered yourself liable for punishment U/Sec. 138 of
N.I. Act.

I therefore call upon you to pay the entire Cheque amount to my client within 15 days of receipt of
this notice, failing which my client will be constrained to proceed against you in the competent Court
of Law. In that event, you alone will be held responsible for all the costs and consequences arising
there-from along with Rs.1000/- being the cost of this legal notice which please note.