UDIT SHARMA AND ASSOCIATES

ADVOCATES AND LEGAL CONSULTANTS

advuditsharma.11@gmail.com
LEGAL NOTICE
Date: 11/09/2024
Notice ID: 2070
To,
Devi Surekha
C/O Amod Anand, Sahiya, Wazirganj, Gaya, Bihar, India, 805131
Gaya
805131
6375369839
surekha6375@gmail.com

SUB: LOAN RECALL NOTICE FOR OUTSTANDING AMOUNT OF Rs. 17261/- IN RESPECT OF Personal Loan LOAN/CREDIT
FACILITY DISBURSED TO Mr. / Mrs. / M/s. Devi Surekha

REF: LOAN/CREDIT FACILITY ACCOUNT NO. DMI0045962525.

Dear Sir/ Madam,

Under the instructions from and on behalf of our client M/s DMI Finance Pvt. Ltd. having its registered office at 9-10, 3rd Floor,
Express Building, Bhadurshah Zafar Marg, New Delhi – 110002, we hereby issue to you the present Notice which reads as
hereunder:

1. That our client is in the business of finance and is inter-alia engaged in the business of granting loan/credit facility and you the
above-named addressee/s had approached our Client and requested for financial assistance by way of grant of a Personal
Loan and you had also made a Loan/credit facility application dated 23/04/2024 to our Client.
2. That you had assured and represented to our Client that in case a loan / credit facility was granted to you the above named
addressee/s then you would timely and punctually repay the same as per the terms and conditions of the sanction and
loan/credit facility documents and you had further assured and represented to our Client that you had the financial capacity /
net worth for the grant and repayment of the Loan/credit facility. On the basis of your express representation and the
documents/information submitted by you the above-named addressee/s, our client had sanctioned a loan/credit facility for
an amount of Rs. 20100.00/- dated 23/04/2024 after you had entered and agreed to the terms and conditions of the
Loan/credit facility agreement dated 23/04/2024 with our client. The said loan/credit facility was repayable in 12 Equated
Monthly Installment (hereinafter referred to as “EMI”) of Rs. 2050.00/- each. For the aforesaid loan facility being sanctioned
and granted to you, you the Addressee/s had executed the Loan/credit facility Documents and other relevant documents in
favour of our client guaranteeing and assuring to repay the loan/credit facility strictly in terms of the Sanction Letter &
Loan/credit facility Documents.
3. The said Loan/credit facility had been granted to you on the basis of your express representations and assurances that you
would make regular and timely repayments of EMIs as and when due. Timely payment of the EMI’s is the essence of the
documents but despite of repeated reminders and follow-ups you have not been regular in honoring your contractual
commitment with regards to the payment of the EMI’s as and when they became due and payable. The monthly installments
have not been regularly paid by you and that constitutes an event of default as per the loan/credit facility documents and by
not adhering to the terms of the repayment, you have rendered yourself liable to pay overdue interest and other charges, as
well.
4. Your representations to the effect that you would make prompt and regular payments, in respect of the dues pertaining to the
said Personal Loan, have been proven false and mala-fide as you have miserably failed to maintain the financial discipline.
However, despite repeated requests and reminders from our client, you have intentionally failed and neglected to pay the
outstanding dues as per the terms and conditions of Loan/credit facility Agreement dated 23/04/2024. It is thus evident from
your conduct, that you have fraudulently induced our client to issue Personal Loan facility by making false representations
and promises and you the Addressee/s never had the intention of clearing Loan/credit facility amount availed and utilized by

Onward Coworkx, UG, E 44/3, Pocket D, Okhla Phase II, Okhla Industrial Area, New Delhi-110020.
 UDIT SHARMA AND ASSOCIATES
ADVOCATES AND LEGAL CONSULTANTS
advuditsharma.11@gmail.com
you. Thus, you have rendered yourself liable to be prosecuted for having committed the offences of cheating and criminal
breach of trust, which upon conviction from a Court of Law, could lead to upto 7 years of imprisonment.
5. It is stated that the entire contract between you and our client is vitiated in view of non-payment by you addressees therefore
you addressees are under legal obligation to repay the entire sum along with Interest and other charges (as agreed) that has
been mutualized by you all under the above said loan agreement/ loan/credit facility Documents. Note that if you ignore the

present Notice and fail to comply aforesaid sum then our client shall be constrained to initiate legal remedies in the nature of
civil recovery and / or criminal which also includes Criminal Complaint Under Section 405/406/415/ and 420 of Indian Penal
Code, 1860 and other legal remedies available to our client against you solely at your cost and peril. Our client may consider
treating you willful defaulter and accordingly request concerned statutory (Reserve Bank of India) authorities and other credit
rating bureaus to add you to the list of willful defaulter maintained by them.
6. Under these circumstances our client hereby recalls the entire loan/credit facility facility by means of the present notice, you
and the above-named addressee/s are called upon to pay our client a sum of Rs. 17261/- (Exclusive of foreclosure charges,
future interest & other charges) as on 05/09/2024 jointly and / or severally, in respect of the said loan/credit facility
transaction together with future interest and other charges at the contractual rate within seven days of the receipt of this
notice failing which our client would be constrained to proceed against you, for the recovery of the said amounts by initiating
criminal and civil proceedings and holding you liable for all costs and consequence arising thereof.
7. The above Notice is without prejudice to the rights of our client to proceed against you and our client shall be at liberty to
seek such further recourse for recovery of the above said due amount as is available to them in law.
8. For any clarification, kindly contact Mr./Ms Neeraj Kataria at 7503763963 or visit at the above address of our client. You may
make payment of demanded amount online using the following link: https://rzp.io/i/QEGuHWK9

Kindly ignore this communication in case you have already paid the above said amount due on your Account.

A copy of this Notice has been retained with us for further action.

Sincerely

Udit Sharma
Advocate

Onward Coworkx, UG, E 44/3, Pocket D, Okhla Phase II, Okhla Industrial Area, New Delhi-110020.