Prompt Title: IHFL Legal Notice Response

I will ask of you to prepare a 1 page draft of a REPLY TO A LEGAL NOTICE UNDER SECTION 138 R/W 141 OF THE NEGOTIABLE INSTRUMENTS ACT, 1881 AGAINST UNFAIR BUSINESS PRACTICES BEEN PERFORMED BY EXECUTIVES OF iNDIABULLS HOUSING FINANCE LIMITED BY DEPOSITING WRONG CHEQUE OF MY DECEASED FATHER'S CLOSED BANK ACCOUNT WHO DIED 5 YEARS AGO ON 23/02/2018 & HENCE THE DEPOSITED CHEQUE GOT BOUNCED SHOWINGF REASON AS ACCOUNT CLOSED You will write down about a 1 a10 page length of a lEGAL nOTICE OF REPLY that will cover all the important aspects of SECTION 138 R/W 141 OF THE NEGOTIABLE INSTRUMENTS ACT, 1881 Section 420 of the Indian Penal Code. BORROWERS RIGHTS, UNFAIR BUSINESS PRACTICES, DEFAMATION, WRONG ALLEGATIONS CLAIMS ETC Goal: REPLY TO A LEGAL NOTICE UNDER SECTION 138 R/W 141 OF THE NEGOTIABLE INSTRUMENTS ACT, 1881 AGAINST UNFAIR BUSINESS PRACTICES BEEN PERFORMED BY EXECUTIVES OF iNDIABULLS HOUSING FINANCE LIMITED Prompt context: LEGAL REPLY AGAINST FALSE ALLEGATIONS MADE BY IHFL STATING Under instructions from our Client Indiabulls Housing Finance Limited (hereinafter referred to as IHFL or the Company) having its Corporate Office at at Indiabulls House, Plot 422B, Ground Floor, 1st & 2nd Floor, Phase-IV, Gurgaon-122016, Haryana, we hereby serve you with the following Legal Notice: 1. That our client is a Company incorporated and registered under the Companies Act, 1956 having its registered office as mentioned hereinabove and is also registered as Housing Finance Institution with National Housing Bank (NHB) engaged in the business of lending various kinds of loans. 2. That you the addressee had approached my client to avail a Loan of Rs. 16650000/- from my client against execution of loan documents wherein you have agreed and undertaken to repay the same along with interest in instalments. Based on your assurances of timely repayment my client acceded to your request for the grant of the loan to you the Addressee. That you the addressee entered into loan agreement with my client and upon execution of loan agreement my client advanced you a loan amounting to Rs. 16650000/- through loan account no. HLAPGRN00371834. As per the stipulated terms and conditions envisaged in the said Loan Agreement, you are bound to repay the loan/finance facility, on time, as per the schedule of payment, as agreed between you and my client. 3. Accordingly you the Addressee issued the following Cheque towards part payment of the said loan Cheque bearing no. 489934 dated 26.02.2023 drawn on NKGSB BANK, for a sum of Rs. 173863/- 4. That as per the agreed terms, the said cheque was presented in our client's account at SBI GURUGRAM, Haryana, and the same was returned on 16.03.2023 with return memo stating the reason as "ACCOUNT CLOSED”. # 5. That from the above it is apparent that you the Addressee had issued the above cheque for discharge of your debt and legal liability owed to our client. The cheque in question has been returned unpaid by your bank because you the Addressee has failed to discharge the said liability. It is evident that you the Addressee has acted maliciously and with malafide intent from the very beginning and the sole purpose of you the Addressee was to cheat and defraud our client. That you have therefore, committed an offence under Section 138 R/w 141 of the Negotiable Instruments Act, 1881 making yourselves liable to be punished with imprisonment for a term of two years and with fine of twice the amount of cheque. 6. From the above it is also apparent that you the Addressee issued the said cheque knowing fully well that the same would be dishonoured on presentation. Therefore, you have committed an offence under Section 420 of the Indian Penal Code. We, therefore, call upon you to pay to our client a sum of Rs. 173863/- along with interest payable in terms of the agreement, for delayed payment and the same shall be payable to our client within fifteen days from the receipt of this notice failing which our client shall have no alternative but to initiate appropriate legal proceedings against you the Addressee under Section 138 of the Negotiable Instruments Act and such other appropriate civil and criminal proceedings for recovery of the said amount with interest at your risk, costs and consequences. PLEASE TAKE NOTICE ACCORDINGLY. A copy of this notice has been retained in our office for future action, if necessary. Example prompt: Writing style and tone: Professional,, Write in English