Notice to a partnership firm from banking company for cheque dishonour
| Updated at | December 2009 |
Name: ........................
........................
Office: ........................
........................
Residence: ........................
........................
Date: ........................
Regd. A.D./U.P.C
To
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Name ..............................(of firm)
Address..............................
.......................................
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Name .............................(Partner)
Address..............................
.......................................
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Name .............................(Partner)
Address.............................
.......................................
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Name .............................(Signatory Officer)
.......................................
.......................................
Subject: Dishonour of Cheque
Sir,
Under instructions from and on behalf of my client M/s. ............................ (Bank), a bank constituted and functioning under Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, having its Head Office at ................. and business office, a Branch Office at ................. we have to serve you with the following notice:
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That you on ............................(Date) approached my client for the purpose of sanctioning of a term loan to the tune of Rs. ................. and you requested for the same.
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That on ............ (Date), while acting on your request, my client sanctioned you a term loan on certain conditions, one of which was that you had to issue post dated cheques for the repayment of the loan by way of instalments. For this purpose you issued .......... (No. of cheques).
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That for the sake of repayment of loan my client presented on its due maturity one of the cheques for the first time which was dated............, bearing No. ....................., drawn on ............... (Bank) which was dishonoured for the reason of insufficiency of funds.
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That the cheque got dishonoured on .............. (Date) of which my client got the information on ................. (Date).
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That the term loan was sanctioned on your request and on your promises and assurances that the cheques so issued by you would in no circumstances be dishonoured for any reason whatsoever and had my client known that on its presentation the cheques would be dishonoured, they would not have granted and disbursed the above said loan.
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That in all, the cheque which was issued by you in discharge of your liability/debt which has been dishonoured for the reason of...
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