[Resolved]  The Royal Bank Of Scotland — SETTLEMENT OF LOAN

Address:

West Bengal

From:

Sri Kamal Agarwal
BC-149, Salt Lake, Sct-l
1st,FLOOR
Kolkata-700064
To
1. Mayank Verma
The Royal Bank of Scotland NV Date.18.05.2011
(Formerly ABN-AMRO Bank NV)
83, Topasia Road, 2nd Floor
Kolkata-700082



Ref: Offer for settlement of Loan Agreement No. 9438932.

Sub: A complaint Case u/s 25 of the payment and Settlement System Act, 07 being C/3616/2011 filed before the Ld. CMM at Calcutta.
Sir,

It is a pleasure to place it on record that pursuant to the discussion had with your Bank in respect of the over due payments on loans agreement being No. 9438932 and the settlement amount arrived at Rs.108,000.00 (Rupees One Lac Eighty Thousands only) against my current outstanding dues of Rs.2,51,409.26 (Rupees Two Lac Fifty One Thousand Four Hundred Nine and Twenty Six Paise). Which was payable in one (1) installments with in 20th January, 2011.


By a cheque being No.[protected] dated 19th January, 2011 amounting to Rs.108,000.00 drawn on HDFC, Salt Lake Branch,the settlement amount was paid and that cheque was encashed in favour of the said loan agreement on 20th January, 2011.


In your letter being Ref. No. [protected] dated 11.01.2011 it is noticed that the Bank would withdraw all the legal proceeding pertaining to my Loan Account No. 9438932 provided the entire amount as per settlement Plan is paid successfully which is governed by the terms and conditions mentioned in your letter referred above and the Credit bureau record will be up dated as “Settled” within 60 days of closure of this settlement but in stead of following the terms and conditions referred above your authorized representative filed a complaint case being No. C/3616/2011 before the Ld. CMM at Calcutta on Nil dated 2011 which is unwarranted and unfair for banking business.


In this regard I call upon you to issue a letter withdrawing the complaint case being C/3616/2011 under section 25 of the Payment & Settlement System Act,
(2)

2007 within 15 days from the date of receipt of this letter when the Loan Agreement being No. 9438932 is settled failing which Ishall take appropriate steps in the matter which is reasonable without any further reference to you which please note.

Yours truly,



KAMAL AGARWAL

Copy forwarded to:
1. Mrs.. Anu Bothra (Legal Department)
Authorised Representative
The Royal Bank of Scotland NV
(formerly ABN-AMRO Bank NV)
18A.Brabourne Road
Kolkata-700001

2, Mr.Amal Bhandari
RBS BANK
18A, Brabourne road
Kolkata-700001

3, Mr. C.V.George
OMBUDSMAM
C/O.RESERVE BANK OF INDIA
15, NETAJI SUBHASH ROAD
3rd FLOOR
KOLKATA-700001

4,Credit Information Bureau (India)Limited
Hoechst House ,6th floor
193,Backbay Reclamation
Nariman Point,Mumbai-400021


Copy enclosed for reference:
1. Letter being Ref No. [protected] dated 11.01.2011
2. Loan Repayment receipt dated 11.01.2011.