By RPAD

To:- Date:- 16.01.2019

M/s. Shabarigirivasan Chits Pvt. Ltd.
Represented By Its Managing Director Pratap A S
No.1830, 1st Floor, 26th Main Road,
41st Cross, Jayanagar 9th Block,
Bangalore-560 069

Subject: - Statutory notice U/s. 138 of NI Act.

Under instructions and upon information received from my clients V.

Chendil Kumar, S/o. M. Varadaraj, aged about 45 years, # 73, 6 th Cross,
Thirumalanagar, Attur 2nd Stage, Yalahanka new town, Bengaluru- 560 064, I
issue this notice to you as under: -

1. My clients state that you are the Chit fund company and our client is one
of your chit subscriber. My client has subscribed chits under bellow groups and
ticket numbers. Total outstanding towards the said chits is as bellow.

Sl GROUP TICKETS TOTAL OUTSTANDING

1 S4H/01 36 to 40 Rs.5,56,605/-

2. I instructed to notify that above said chit group is terminated on

20.06.2018. But you have failed to pay the said prized amount and went on
postponing the issue of payment on one or the other pretext and failed to pay
the said outstanding amount.

3. Finally, after repeated requests and reminders you have agreed to pay
the total outstanding amount. Accordingly, you have issued a cheque bearing
No.212551 dated 28.12.2018, drawn on Canara Bank, 9th Block, Jayanagara
Branch, Bengaluru, drawn in favour of my client towards the payment of above
said outstanding amount. Upon presentation of the cheque, on its due date
through my client’s banker Indian Overseas Bank, Vidyaranyapura Branch,

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Bengaluru, the same were also dishonored and returned vide memos dated
01.01.2019 as “PAYMENT STOPPED BY DRAWER”. Hence this notice has
been issued.

4. My client states that you have issued said both cheques for discharging
your liability due to my client. Your act of issuing cheque and giving instruction
for stop payment clearly demonstrates your intention to cheat and defraud my
client of the money legally due. The dishonour of cheque is an offence
punishable under Section 138 of the Negotiable Instruments Act, wherein upon
conviction, you will be liable to pay double the cheque amount or undergo
imprisonment or both.

THEREFORE, I hereby call upon all of you to pay a sum of Rs.5,56,605/-

(Five-lakhs Fifty-six thousand six-hundred and five rupees only), which is
covered under above said cheque, to my client within fifteen days from the
date of receipt of this notice, failing which my client will be constrained to initiate
criminal proceedings for your prosecution U/s. 138 of Negotiable Instruments
Act and also a civil suit for recovery of the entire outstanding amount with
interest at 24% per annum, in which event you will be held liable for all the costs
and consequences arising thereof.

You are liable to pay the notice charges of Rs.10,000/- (Rupees Ten-Thousand
Only) to my client.

Sincerely,

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