Bank Of India — for term loan

Address:

Gaushala Road , Abohar-152116, Fazilka, Punjab, 152116

Respected sir,
With due respect i am a customer of your bank of india, abohar-152116, pb. Branch, under mudra yojna, cgtsma or standup india, for rs. 1000000/- loan, nowrestructured to rs. 910000/- firm name - monga industries, term loanac. No. Is[protected]. I also had current ac and cc ac. Of rs. 90000/- loan but i closed both the accounts becouse of extra burdon to maintain account. My term loan ac. Balance to pay is app. Rs. 900000/- till date. I have paid app. App. Rs.250000/- in this account inc. Intrest amt. I have paid all this amount in cc ac. And term loan ac. From myown savings or borrowings. Problem before me is sale becouse i have startedmanufacturing plant of cement pavers and tiles in aug. 2017 but after infrastructure andlayout of plant and machinery i started manufacturing in this fy from may 2018. Imanufactured some pavers, tiles worth rs. App. 1.5 lacs. But on the same time in 2017last our market committee started using isi marka tiles. To do a plant as isi marks tilesand pavers it costs app. 5 lacs to 7 lacs. One factory in our city is isi marka. Tiles andpavers for m. C, abohar is comming from bathinda and mukatsar. I have no money to do itas isi marka plant. I have paid all the money to bank till date from my savings andborrowings. This month i was unable yo pay then too i am trying to pay something in myterm loan ac. Here i request you to adjust with me and i will try my best to start andincrease sale at the earliest to clear the loan in this unadjustable condition. Please bearwith me and i will sell the goods privately and cant sell to govt. Contracts.
Imp..
One important thing is that. My husband went to bank in april 2017 to take loan to start sharemkt. Office in city, they also have done all the court work for loan as advised by bankmanager and spent about rs. 15000/- for this to pledge some registry but after few months bank manager says to take the loan on your wife's name because there is a govt scheme for women on mudra loan scheme. Then they gave us loan in 1-2 days. Bank told for that and advisrd us to show a new business and also send me to a c. A for udhyog adhaar and 3 yrs advance balance sheet and loan statement to take loan. Then b. M demanded a quotation and paid the final payment of rs. 910000 term loan and 90000/as cash credit to purchase new machinery and raw material to start monga industry factory. We are having all the machines and raw material and final product of pavers tiles of rs. 150000/- lying at our premises. We are unable to do run business and now we are unable to pay also. We are having no money to pay. My husband is not doing anything because we are unable to do anything becouse we did not get payment to start business for what we went to the bank. This was an intimation to you for market conditions unfavourable conditions. Please save us from harrashment of bank.
Thanks and regards,
Mrs. Sumiti monga
Monga industries abohar-152116 mob...[protected]