1/15/23, 8:55 PM Gmail - Notice prior to the filing of Execution Petition Card No: XXXXXXXXXXXXXXX1709

Sanjay Sandhu <sandhu.sanjay@gmail.com>

Notice prior to the filing of Execution Petition Card No: XXXXXXXXXXXXXXX1709

cc1@areness.co.in <cc1@areness.co.in> Wed, Jan 11, 2023 at 5:05 PM
To: "sandhu.sanjay@gmail.com" <sandhu.sanjay@gmail.com>

Dear SANJAY KUMAR

Notice No.: EDN/1709/NORTH/CHFF/10012023/74994,

Under instructions from our Client, SBI Card & Payment Services Ltd. (SBICPSL) incorporated under the Companies Act, 1956
having its Registered Office at Unit 401 & 402,4th Floor, Aggarwal Millennium Tower, E 1,2,3, Netaji Subhash Place, Wazirpur, New
Delhi – 110034, we hereby serve you with the following notice, the contents whereof you may please note:

1. A Credit Card bearing No. XXXXXXXXXXXXXXX1709 vide A/c No. 0004377486992288868 was issued to you, by our
client afore-named, on the basis of your express representations and assurances that you would make regular and timely
repayments towards the expenditure incurred by you by utilizing the said credit card.
2. However, you have failed/avoided to make the payments of the amount due on the above-mentioned credit card, despite
regular monthly statement and numerous demands /reminders sent by our client in this regard.
3. That you had been availing credit card facilities granted by our client subject to the terms and conditions of the Cardholder
Agreement, including an arbitration clause conferring exclusive rights upon our client to appoint/nominate sole arbitrator to
enter into & decide all disputes and difference between you and our client.
4. Since your credit card account continued to remain delinquent despite numerous requests and demands from our client to
make the outstanding payments and due to non-adherence to the terms & conditions of the afore mentioned cardholder
agreement, our client was constrained to initiate Arbitration Proceedings against you in accordance with the provisions of the
Arbitration & Conciliation Act, 1996 and consequently, an award has been passed against you and in favor of our client by
the Hon’ble Arbitral Tribunal of .Sh. Susheel Bhartiya on 16-Aug-22, directing you to pay an amount of Rs 1,59,350.56/-
along with interest at the rate of 18% per annum from the date of initiation of arbitral proceedings till realization of the said
amount.
5. That the award so passed by Hon’ble Arbitral Tribunal shall be executed against you to recover the amount as awarded
by the tribunal.
6. Now, since you had not challenged the award and that the statutory period for objection/appeal is already over, our client
has instructed us to take necessary steps for execution of the said arbitral award.
7. We hereby call upon you on behalf of our client, to make the payment as per the arbitral award within 7 days from the
receipt of this notice, failing which our client shall proceed with necessary legal action to execute the said arbitral award and
in such an eventuality, you shall be held liable for all costs and consequences arising thereof.
8. If you wish to clear the outstanding payment against your card, you may visit "SBI CARD - https://sbicard.com/
quickpaynet", "TATA Card - https://tatacard.com/quickpaynet" and pay your outstanding dues.

Note: In case you have any query regarding the above, or If you wish to settle the dispute amicably, you may get in touch
with our client’s local officer Mr. / Mrs. Jatin Jaint at 7042130089 or 1860 180 1290/ 39020202

If you have already made the payment, please ignore this letter.

To view a copy of your notice, please click here

Yours sincerely,
Areness Attorneys

304, 1/52, NORTH AVENUE ROAD, PUNJABI BAGH WEST, NEW DELHI-110026
Any kind of written response to this letter will be entertained at "SBI Cards & Payments Services Ltd., DLF Infinity Towers, Tower C,
12th floor, Block 2, Building 3, DLF Cyber City, Gurgaon 122002, Haryana" only.
For Assistance, please call SBI Cards Helpline at 1860 180 1290/39020202

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