Smt. Ananthala Ratna W/o. Ananthala Nageshwar Rao
Age: 40 years, Occ: Business,
R/o. H.No.6-11/80/A/1, Plot No.80,
Taraka Enclave, Ram Pally Village,
Keesara Mandal, Medchal Malkajigiri District-Pin: 501301
Under the instructions of our client Battula Rajeshwar Rao S/o. Late Battula
Muttaiah, aged about 44 years, Occ: Business, R/o. H.No.2-3-64/1/23, Jaiswal
Garden Amberpet, Hyderabad-500013, do hereby we are authorized to issue the
following legal notice to you which contents as follows:-
1. Our client states that, yourself and my client are known to each other taking
advantage of said acquaintance in the first week of March 2020 you have
approached with our client and you request him to lend an amount of
Rs.10,00,000 (Rupees Ten Lakhs only) to meet your personal necessities and
business commitments for also run a bar under the name and style “VARUN
RESTAURANT AND BAR” owned by your husband namely Ananthala
Nageshwar Rao considering your request my client arranged and gave a sum
of Rs.10,00,000 (Rupees Ten Lakhs only) to you on 21.03.2020 and you
agreed to pay interest @ 18% p.a. and agreed to pay the same within one
year including principal and interest.
2. Our client further stated that, after one year you have paid only interest i.e.,
Rs.1,80,000/- and sought further one year time for repayment of hand loan
amount along with interest by executing a promissory note dated 25-03-
2021 in favour of my client.
3. Our client further stated that after one year my client requested the
repayment of a loan amount totaling Rs.11,80,000, including principal and
interest. However, you expressed inability and paid only Rs. 1,04,000/- (in
the shape of UPI to our client Axis Bank account, Amberpet Branch in
multiple installments i.e on March 11, 2022 (Rs.50,000 ), March 13, 2022
(Rs.2,000 ), April 16, 2022 (Rs.25,000 ), and April 17, 2022 (Rs.27,000 )
leaving balance amount of Rs.10,76,000 covering both principal and balance
interest amount. Subsequently you sought again an additional six months
to repayment of balance of Rs.10,76,000 along with six months interest.
4. My client further states that after six months i.e. on September 25th, 2022,
my client approached you for repayment of balance amount along with the
interest, allowing sufficient time. Regrettably, you failed to uphold your
promise to repay of the amount. Despite numerous attempts to contact you
and also you deliberately avoiding my client's calls.
5. Later when my client visited your previous address on February 26th 2023 at
Flat no: 111, 1st Floor, Jackies, RK SQUARE, Pillar No: 109, MediPalli,
Boduppal, Hyderabad-500098, it was discovered that you and your family
had moved without informing my client. Later, through well-wishers of my
client learned of your new address at Rampally, House No. 6-11/80/A/1,
Plot No. 80, Taraka Enclave, Rampally, Secunderabad, Telangana 501301.
6. Despite multiple attempts to contact you, my client learned that you
intentionally, deliberately, and willfully have been avoiding payment, despite
having sufficient means.
My client further states that on this day you have to pay the balance amount
and interest i.e. Rs.10,76,000 + interest Rs.3,38,940/- from March, 2022 to
December 2023 total 21 months.
Therefore, you are hereby call upon you, to pay the balance amount along
with interest i.e., Rs.10,76,000 + interest Rs.3,38,940/- from March, 2022 to
December 2023 total 21 months total comes of Rs.14,14,940/- to our client within
7 days from the date of receipt of this notice, failing which our client shall be
constrained to initiate appropriate legal steps against you thorough court of law for
recovery of the above said hand loan amount under Civil and Criminal proceedings
holding you both are responsible for all the costs and consequences arising thereof.
Remit a sum of Rs.5,000/- towards this legal notice charges.
Here is the above legal notice
Already legal notice sended now my concern is can I file money recovery suit where promissory note is issued 25-03-2021 and legal notice sended on 2-01-24.y doubt is can file money recovery suit
