POONAWALLA
P HOUSING FINANCE
Apna Ghar, Apni Pehchan
Without Prejudice
Date: 22 Sep 2023
To,
Mr. MOHD MOGALE AUAM
FLAT N0 404,4TH FLOOR WING A, HILL SIDE RESIDENCY, NEAR
SPACE INDIA SPACE GOLD CREST S.NO 175, PLOT 19 VILLAGE
MAMDAPUR NERAL TALUKA KARJAT DIST RAIGAD
Mr. MOHAMMAD MOTIN
FLAT NO 404,4TH FLOOR WING A, HILL SIDE RESIDENCY, NEAR
SPACE INDIA SPACE GOLD CREST S.NO 175, PLOT 19 VILLAGE
MAMDAPUR NERAL TALUKA KARJAT DIST RAIGAD
Sub Letter of One-Time Settlement (0TS Letter")
Ref Loan Account Number - HF/0235/H/20/100476
Dear Sir/Ma'am,
We, Poonawalla Housing Finance Limited, do hereby extend this correspondence to you, the Borrower, in our capacity
as your Lender, with regard to the proposed settlement scheme for your Loan Account.
With reference to the subject mater outlined above, we acknowledge receipt of your request for a full and final
settlement of your Loan Account, citing your inability to pay the entire outstanding balance as per our records, owing
to your individual circumstances.
Pursuant to our prior discussions, and in accordance with your specific representations and request, we hereby agree
to setle your total outstanding dues at the amount of INR 9,00,000/- (Indian Nine Lakh only) efective as of the date
of this OTS Letter.
Furthermore, you have agreed and irevocably undertaken to PHFL to pay the entire OTS Amount in installment(s)
as outlined in the repayment plan provided in the table below.
SN Payment Date (on or before) Due Amount (INR) Means of Payment
1. 29 Sep 23 9,00,000/ RTGS/NEFT/Demand Draft (DD)
This settlement is contingent upon your strict adherence to the OTS Payment Schedule, realisation of the DD or
transfer of the Due Amount or any part thereof on or before the Payment Date in the manner herein agreed. Please
note that dishonour of any of the DD or any missed payment would make this settlement null and void and authorize
us to re-debit your account with late payment charges and interest charges, as per the current applicable rate of interest.
Please be advised that the issuance of this OTS Letter does not constitute a waiver of our right to initiate the requisite
legal action to recover any outstanding debts, should you fail to adhere to your obligations outlined this OTS Letter.
Upon the receipt of the full OTS Amount in our bank account as the per the OTS Payment Schedule, and after
withdrawal of any and all legal proceedings initiated by the Borrower(s) against PHFL, your Loan Account willbe
closed, and ano-dues letter along with property original documents willbe issued working I5-20 days to you by us
confirming the settlement of the debt.
It is hereby agreed that only after receipt of the fullOTS Amount in our bank account within the time frame mentioned
above in the OTS Payment Schedule and after withdrawal of any and all legal proceedings initiated by the Borrower(s)
against PHFL, PHFL shall, upon receipt of written request from the Borrower, discontinue any and all legal
proceedings instituted for the recovery of the outstanding amount or any other related claims against the Borrower(s).
Poonawalla Housing Finance Limited
(Formerly known as Magma Housing Finance Linited)
CIN: U65922PN2004PLC208751
ysred orice: 602, 6"h Floor, Zero Orne IT Park, Survey No. 79/i, Ghorpadi, Murndhwa Road, Pune - 41036, Maharashtra
T:*91020 67808091 | E: customercare@poonawallahousing.com | W: www.poonawallahousing.com
You hereby agree and
acknowledge that:
P POONAWALLA
HOUSING FINANCE
Apna Ghar, Apni Pehchan
1. ThisOTS Letter has been issued upon your express
within the time provided in the OTS representation and undertaking to pay the entire OTS Amount
2. This is the final settlement offer Payment Sclhedule.
and no further negotiation will bc
entertained in this regard.
This letter supersedes any previous correspondence or
discussions regarding the settlement of your outstanding debts.
This OTS Letter is being issued at the specific request of the
and remedies available to the Lender under the Borrower(s) and without prejudice to the rights
terms of the loan agreement or under the
should in no way be considered as a waiver of the rights and remedies applicable laws and
loan agreement or the applicable laws. availableto the Lender under the relevant
In order for us to consider this matter resolved, we kindly
request that you provide us with a signed copy of this letter
as tomal acceptance of the proposed repayment plan within two (2) working days from the date of this OTS Letter.
Your failure to provide the formal acceptance to this OTS Letter shall be construed as your rejection of this settlement
and shall entitle us to proceed with our
collection/legal recòvery efforts.
For Poonawalla Housing Finance
Limited
(Formerly known as Magma Housing Finance Limited)
Authorised Signatory
LA
HOUSA
Name: Mahesh MKulkarni
NASHIK-1
Designation: State Collection Manager
Confirmed and acknowledged by
Mr. MOHD MOGALE AJAM
Mr. MOHAMMAD MOTIN
SNAVWALLA
Verified by:
(State Collection Head, PHFL)
Nane: Mahesh M Kulkarni
Designation: State Collection Manager
ALLA
NASHIK (Opetaion Manager, PHFL)
Nante: Navnath Dnyaneshwar Kshirsagar
De_ignation: Branch Ops Officer Nashik
Poonawalla Housing Finance Limited
(Formerly known as Magma Housing Finance Limited)
CIN: U65922PN2004PLC208751
Registered office: 602, 6" Floor, Zero One IT Park,Survey No. 79/1, Ghorpadi, Mundhwa Road, Pune -41o36, Maharashtra
T: *91020 67808091 | E: customercare@poonawallahousing.com | W: www.poonawallahousing.com
POONAWALLA
P HOUSING FINANCE
Apna Ghar,Apni Pehchan
Without Prciudice
Date: 22 Sep 2023
To,
Mr. ABDUL SALIM ABDUL VAHAB
FLAT NO. 602, 6TH FLOOR, AWING,
HILL SIDE RESIDENCY, MAMDAPUR NERAL, TALUKA KARJAT
Mrs. RASUL BEE SALIM SHAIKH
FLAT NO. 602, 6TH FLOOR, AWING,
HILL SIDE RESIDENCY, MAMDAPUR NERAL, TALUKA KARJAT
Sub Letter of One-Time Settlement ("0TS Letter")
Ref Loan Account Num ber HF/0235/H/20/100414
Dear Sir/Ma'am,
We, Poonawalla Housing Finance Limited, do hereby extend this correspondence to you, the Borrower, in our capacity
as your Lender, with regard to the proposed settlement scheme for your Loan Account.
With reference to the subject matter outlined above, we acknowledge receipt of your request for afull and final
settlement of your Loan Account, citing your inability to pay the entire outstanding balance as per our records, owing
to your individual circumstances.
Pursuant to our prior discussions, and in accordance with your specific representations and request, we hereby agree
tosettle your totaloutstanding dues at the amount of INR 9,00,000/- (Indian Nine Lakh only) effective as of the date
of this OTS Letter.
Furthermore, you have agreed and irrevocably undertaken to PHFL to pay the entire OTS Amount in installment(s)
as outlined in the repayment plan provided in the table below.
SN Payment Date (on or before) Due Amount (INR) Means of Payment
1 29 Sep 23 9,00,000/ RTGS/NEFT/Demand Draft (DD)
This setlement is contingent upon your strict adherence to the OTS Payment Schedule, realisation of the DD or
transfer of the Due Amount or any part thereof on or before the Payment Date in the manner herein agreed. Please
note that dishonour of any of the DD or any missed payment would make this settlement null and void and authorize
us to re-debit your account with late payment charges and interest charges, as per the current applicable rate of interest.
Please be advised that the issuance of this OTS Letter does not constitute a waiver of our right to initiate the requisite
legal action to recover any outstanding debts, should you fail to adhere to your obligations outlined in this OTS Lette.
Upon the receipt of the full OTS Amount in our bank account as the per the OTS Payment Schedule, and after
withdrawal of any and all legal proceedings initiated by the Borrower(s) against PHFL, your Loan Account will be
closed, and a no-dues letter along with property original documents willbe issued working 15-20 days to you by us
confirming the settlement of the debt.
It is hereby agreed that only after receipt of the fullOTS Amount in our bank account within the time frame mentioned
above in the OTS Payment Schedule and after withdrawal of any and all legal proceedings initiated by the Borrower(s)
against PHFL, PHFL shall, upon receipt of written request from the Borrower, discontinue any and all legal
proceedings instituted for the recovery of the outstanding amount or any other related claims against the Borrower(s).
You hereby agree and acknowledge that:
Poonawalla Housing Finance Limnited
(Formerly known as Magma Housing Finance Limited)
CIN:U65922PN2004PLC208751
Registered Office: 602, 6 Floor. Zero One |T Park, Survey No. 79h, Ghorpadi, Mundhwa Road, Pune- 411036, Maharasthtra
T: +91020 678O8091 | E: Customercare@poonawallahousing.com|W: www.poonawallahousinq.com
POONAWALLA
I. This OTS Letter has been issued upon vour express representation and
P HOUSING FINANCE
Apna Ghar, Apni Pehchan
undertaking to pay the entire O»TS Amount
within the time provided in the O»TS Payment
2. This is the final Schedule.
settlement offer and no further negotiation will be entertained in this regard.
This letter supersedes any previous correspondence or discussions regarding the settlement of your
outstanding debts.
This OTS Letter is being issued at the specific request of the Borrower(s) and without
and remedies available to the Lender under the terms of the loan agreement or under the prejudice to the rights
should in no way be considered as a waiver of the rights and remedies available to the Lenderapplicable
under
laws and
the relevant
loan agreement or the applicable laws.
In order for us to consider this matter resolved, we kindly request that you provide us with a
signed copy of this
as formal acceptance of the proposed repayment plan within two (2) working days from the date of this OTS letter
Your failure to provide the formal acceptance to this OTS Letter shall be construed as your rejection of this Letter.
and shallentitle us to proceed with our collection/legal recovery efforts. settlement
For Poonawalla Housing Finance Limited
(Formerly known as Magma Housing Finance Limited)
POONA
Authorised Signatory
Name: Mahesh M Kulkarni
Designation: State Collectio 9NISS
Confirmed and acknowledged by
Mr. ABDUL SALIM ABDUL VAHAB
Mrs. RASUL BEE SALIM SHAIKH
Verified by:
OONAW State Collection Head, PHFL)
NASL
SHIK. Name: Mahesh M Kulkarni
Designation: State Collection Manager
(Operaion Manager, PHFL)
Name: Navnath Dnyaneshwar Kshirsagar
Designation: Branch Ops Officer Nashik
Poonawalla Housing Finance Limited
(Formerly known as Magma Housing Finance Limited)
CIN: U65922PN2004PLC208/5I
Registered Office: 602, 6' Floor. Zero One IT Park, Survey No. 79h, Ghorpadi, Mundhwa Road, Pune - 411036,
T: +91020 67808091 | E:Customercare@poonawallahousing.com | W: www.poornawallahousing.com Maharashtra
