LEGAL NOTICE

Arvind Kumar

Advocate at Punjab and Haryana High Court

Enrolments 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 Arrora (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 installment including interest rate were duly
paid except the last one which was delayed by 3 days by my client.
Besides all above mentioned facts, my client has received a legal notice on 1 st Feb 2021 from
the bank where they are demanding Rs 20,000 extra interest for the late payment.
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.

Adv. Arvind Kumar