LAW ee OFFICES @ mail@osiatawotficos com pe Sooond & Tied Foor | LO ASIA © Soi0, Deine cata - Le Dated: 03 September 2023 To: (MIS G.S Marketing ~~ M-1S4, S/F, Block-M Jagat Ram Park, ‘ar Chureh, Laxmi Nagar-110092 Deth (Herein after referred to as“ 2) Ms. Geet Authorized Partner, M/S G. (Herein after referred to a: Kind Attention: Ms Geetika (Hereinafter collectively referred to as “You” /*Your”) Sub: Demand Notice under Sections 138 and 142 of the Negotiable Instruments Act, 1881, (the “Act”) on behalf'of Snap on Tools Pvt Ltd. Dear Sir We write to You for and behalf of Snap on Tools Pvt Ltd, a company incorporated under the provisions of Companies Act 1956 and having its registered office $-353, Panct ‘isheel Park South Delhi, Delhi 110017 and corporate office at 6/2, Begumpur Khatola, Behind Grace Toyota Showroom, NH-8, Gurgaon-122004 (Haryana) (hereinafter referred to as “Our Client”). Under instructions from Our Client, we put ‘You to notice in terms of the below mentioned. Our Client is engaged in the business of manufacture and marketing of Automotive Equipments and Band saw blades for industrial applications and other activities permitted by Government of India. You Noticee 1, are a company which is inter alia en raged in the business of dealing in Premium ‘Tools and is desirous of dealing in the Products and had approached Our Client for the si ne. 15-5579 0920827048 El contetasitnwicn comLO) Jer the brand name as been supplying You with Premium Tools u1 Our Client m Tools in connection with Your ATI, JUW, Other Premi May 2019. During this period Our Client ave placed upon it, to Your satisfaction and Snap-On, Sioux, exs since 2: abovementioned bu has fulfilled all orders that You without any cause for complaint Our Client has maintained a running account and ledger with respect to deliveries made by Our Client and it was brought to Your attention that certain diues remained payable by You beyond the agreed credit period. In pursuance to Your contractual and legal obligations and in compliance with this arrangement , Our Client received a cheque issued by You against the said ‘ifance. along with a categorical assurance that the same would be outstanding red. The details and particulars of the said cheque are mentioned nereinbelow Cheque Ni Particulars Kotak Mahindra Bank, A/e No. 2711544873, in favour of Snap on Tools Pvt Ltd. Be 21 dated September 2023 Our Client deposited the above-described cheque issued by You to their bank Citibank (A/e No. 030000007989008) on 14® September 2023. Subsequently. Our Client was shocked and dismayed to learn from its bankers that the cheque had been dishonoured, with the Return Memos dated 16" September 2023 S wwwasialawoffices.comWe regret to inform that You have f2 ied to honour Your commitment and settle the sums due to Our Client grieved by such illegal and unjustifiable actions of Yours, Our Client has been compelled to instruct us to issue the following present demand notice upon You in terms of ection 138 read with Section 142 of the Negotiable Instruments Act 1881 (hereinafter referred to as “the Act”), In terms of the aforesaid sections of the Act, You are forthwith called upon to make the said payment of INR 42,80,746/- on or within 15 (fifteen) days from the receipt of this notice to make payment of the invoices accrued in favour of Our Client, Please be informed that Your failure to do so shall result in legal consequences, inclu 12 imprisonment for up to two years and/or a fine to the extent of twice the amount of the dishonoured cheque, in terms of the Act. You, Noticee 2, in Your capacity as Authorized Partner of Noticee 1 are responsible for running the affairs of Not I cee 1 and have thus failed in Your gal obligation to ensure the aforementioned cheques were honoured. It may be further pertinent to point out that you have signed the said cheque. In doing so. You have failed to exercise due diligence to prevent the commission of the offence of dishonour of a cheque in terms of the Act. Our Client also reserves the liberty to initiate separate legal proceedings, under the Indian Penal Code. inst You for the offences of breach of trust, 1860, may be initiated misappropriation of funds, and cheating, may be initiated against You. In view of the aforesaid, we have been instructed to call upon You to pay Our Client a sum of INR 42,80,746, i... the total sum of the dishonoured cheques as described in this Notice. In the event of failure to remit such sum to Our Client within 15 (fifteen da from the receipt of this Notice, we have standing instructions to file a complaint under Section 138 and 142 of the Act and / or to S wnwasialawotfices.com ullpursue any other or further criminal action, to the fullest extent permitted under INR law. Additionally, You are also called upon to pay Our Client a sum of 30,000, towa P feaaiif ‘ : 0,000, towards the legal fees that they have incurred for engaging us to send e shall be this instant leg notice of demand. Failure to comply with this Noti at Your sole cost, risk, and responsibility Kindly acknowledge receipt this letter and consider Yourself put to notice in terms hereof. Regards, Kavers Rawal, Advocate D/9829/2021 S wwwasialawoffices.com