Ref: KB221105MDQQO_221105,

To,
Ajay Das,
Address: BISNU DAS,
BIBEKNAGAR SIMULTALA,
SHIV MANDIR, Kaugachhi
(ct), North 24 Parganas,
West Bengal, , North 24
Parganas, WEST BENGAL,
743127

Subject- Demand Legal Notice against Loan ID KB221105MDQQO

Dear Sir / Madam,
You have availed a Loan facility vide Loan ID KB221105MDQQO from Krazybee Services Private
Limited (the Lender). As of the date of this letter, you have failed to repay the installments that were
due and payable which has led to an amount of Rs. 3210 reflecting as outstanding against the said
Loan facility. Please note that by not adhering to the re-payment schedule, you have (i) breached the
terms of the standard terms and conditions signed by you before availing the Loan facility, and (ii)
committed an offence of cheating and criminal breach of trust punishable under Section 420 and other
applicable sections of the Indian Penal Code (IPC). Through this notice, we would also like to bring to
your notice that if you continue to refrain from making the payment of the excess amount and do not
comply with this notice, we, the Lender:
1) will have the liberty to share your default details with Credit Information Companies
(CICs) viz: Transunion CIBIL Limited; Experian Credit Information Company of India Private
Limited; Equifax Credit Information Services Private Limited and CRIF High Mark Credit
Information Services Private Limited. Do note that all the Banks and Non- Banking Financial
Companies provide credit facilities after verification of the credit history of the customer from
CICs, a default history against your name could jeopardize your future credit raising/
borrowing.
2) may, as per standard terms and conditions recall the entire loan advanced in view of the
default(s) committed by you in repaying the EMIs as per repayment schedule.
Therefore please treat this as a final reminder to repay the outstanding of Rs. 3210 being the Demand
amount together with applicable charges, tax and interest and other dues till actual realization within 7
(Seven) days of virtual receipt of this notice, please be informed that in the event of your failure to do
as above, it shall be presumed that a dispute has been arisen between you and the Lender. It is
further informed to you that the Lender shall be constrained to initiate appropriate Civil / Criminal
proceedings including (i) approaching the judicial authorities for seeking their assistance legally for
recovering the overdue amount; or (ii) initiate arbitration proceedings under Arbitration and Conciliation
Act, 1996 (including rules and amendments made thereof till date) against you to settle the dispute
and for the recovery of its entire dues along with interest and other charges for which you shall be
entirely responsible as to the cost and the consequences thereof.
Considering the uncertainty and perils of in-person or physical arbitration, and keeping in mind the
safety of our stakeholders and the society at large and with a view to provide each party full
opportunity to present its case, fairly and conveniently, the use of an online dispute resolution ("ODR")
platform for conducting arbitration online administered by a neutral ODR institution was evaluated.
After evaluating different ODR platforms and upon being satisfied that Presolv360, which is an
independent ODR platform recognized and enlisted by the Department of Justice, Government of
India, is a neutral institution that provides complete administrative and technical support to the parties
to conduct the proceedings online, and has no interest in the outcome of the dispute and there being
no conflict of interest, the dispute shall be referred to and settled by arbitration under the Arbitration
and Conciliation Act, 1996 as per the terms of the loan agreement, and the same shall be
administered electronically by Presolv360, an independent institution, in accordance with its Dispute
Resolution Rules("Rules").
The aforesaid proceedings shall be administered by Presolv360 through an independent, qualified and
competent sole arbitrator from its panel of arbitrators. The juridical seat of arbitration shall be
Banglore, India and the language of arbitration shall be English. The decision of the arbitrator shall be
final and binding on the parties.
The aforesaid proceedings shall be carried out electronically on Presolv360s platform
(https://www.presolv360.com/) via the registered email addresses of the customer.
If any of the aforementioned details are incomplete or incorrect, or if you have anything to say in
respect of the above, you are required to intimate us within 7 days from the date of receipt of this
Notice, failing which it will be presumed that the aforementioned details are correct and that you
have consented to the above.
Kindly also note that this Legal Notice is issued without prejudice to any of our terms and conditions as
per the Loan Application Form.
For making the payment, please contact us at help@kreditbee.in or pay through link
https://kredt.be/app
Please treat this notice as our Final Legal Notice; you may ignore it at your own risk and cost.

Note: Incase, you have already made the requisite payments before receipt of this notice, please
ignore the same or send us the valid receipt at help@kreditbee.in.

For Krazybee Services Private Limited

(Authorized Signatory)