LEGAL NOTICE

Arvind Kumar
Advocate at Punjab and Haryana High Court
Enrollment no. C- 1339/08
Chamber No. 29
To
Himanshi bank Pvt. Ltd.
Gauraun, Mohali, Punjab
Dated – 07/08/2023
Ref: Inappropriate demand of Extra interest.
Legal Notice
We are hereby sending you a legal notice on behalf of my client Rajat Arora (a resident of
Gauraun, house no. 76, near park colony ,140301).
That my client had taken a loan from your respective bank on dated 1st Dec 2014. The object
for taking loan was to purchase a new car.
 That the Principal amount was Rs 20,00,000 (Rs 20 lakh).
 That According to loan Agreement the interest rate was @10% per annum for 5 years.
 That as per the loan Agreement the EMI was Rs 36,666 per month.
 That the1st installment started on 1st Jan 2015 which was duly deposited.
 Further the Last installment date was 31st December,2020.
Further we would like to state here that all the installments including interest rate were duly
paid by my client.
Besides all above mentioned facts, my client has received a legal notice on 1 st Feb 2021 from
the bank where there are demanding Rs 20,000 extra interest on the same loan amount.
Further it is stated that my client has already replied to bank through letter on dated 5 th Feb
2021 stating that the principal amount along with interest was already cleared by my client.
After two days of my client’s reply, the bank again sent a notice regarding the known
payment of Rs 20,000 (Rs twenty thousand).
So, we are hereby sending a legal notice to the bank.
Whereby we are requesting that kindly recheck all the concerned documents, relating to EMI
against the aforesaid mentioned loan amount.
We are awaiting a positive reply from your side.
Arvind Kumar
Advocate at Punjab and Haryana high court