Ref: S/18563/200625 Date:20-06-2025
To,
RUBIYA MITRA
47 CHRISTOPHER ROAD K M C KOLKATA-WESTBENGAL-KOLKATA-WEST BENGAL-700046-INDIA
Settlement offer w.r.t dues pertaining to your loan account no:C02309062539118563 (Loan Account) (subject to final approval)
Dear Sir / Madam,
1. Further to our discussions and your request to consider settling your total outstanding of Rs. 126179.97/- (one Lac and twenty six Thousand
one Hundred and seventy nine and ninety seven paise) (Total Outstanding) in respect of abovementioned loan account, L&T Finance Ltd.
(formerly known as L&T Finance Holdings Ltd.) (L&T Finance) is in principle agreeable to take up your request to pay for Rs. 30800.00/-
(thirty Thousand eight Hundred Rupees only) (‘Settlement Amount’) for internal approval , subject to you agreeing and undertaking as
under:-
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2. Payment of the Settlement Amount) to L&T Finance account strictly in the manner mentioned below: -
Amount Initiated Date
Sr. No Date Initiator Name Initiator ID
NC
payable and Time
2025-06-20
1 30800.00 20/06/2025 Priyanka Basad ZLXS0021321
16:56:44.697
Total 30800.00
NA
3. You agree and undertake to unconditionally and immediately withdraw any legal proceedings, claims and demands initiated or complaints
lodged by you or on your behalf against L&T Finance and/or its employees, officials and representatives pertaining to this loan by taking
all the necessary steps within 15 days of final approval for settlement. You also agree and undertake to sign and file consent terms before
the court, tribunal or such other judicial or quasi- judicial authorities in any pending legal or recovery action initiated by L&T Finance within
15 days of final approval for settlement with a request to pass order/award in terms thereof.
4. Upon receipt and realization of the entire settlement amount in the account of L&T Finance strictly in accordance with the final approval
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and Clause (2) hereinabove, L&T Finance will
(i) issue loan settlement closure certificate;
(ii) return all the original title documents, if any submitted at the time of loan;
(iii) shall take all the necessary steps to withdraw litigation/proceedings pending against you.
5. In case this settlement offer is finally approved by L&T Finance and acted upon by you, this will be construed as a settlement agreement. In
the event of your settlement request being rejected by L&T Finance or your failure and/or neglect to pay the entire settlement amount
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strictly within the timelines and manner mentioned in Clause (2) hereinabove, this settlement offer will become null and void,
waivers/concessions, if any, granted shall stand withdrawn with immediate effect, you will be liable to pay the total outstanding with
further interest thereon as per the terms and conditions of the loan agreement executed by you and the amount received, if any, will get
adjusted against your loan outstanding in the following sequence:-
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a. Debtor Interest;
b. Debtor POS;
c. Charges due (if any); and
d. Future POS
6. This offer is without prejudice to:-
(i) the rights of L&T Finance under loan agreement to take necessary steps against you in accordance with the law in the event of any
breach committed by you.
(ii) any criminal proceedings initiated against you under any regulatory requirement or otherwise.
7. Further, in accordance with the RBI Framework for Compromise Settlements and Technical Write- offs issued on June 8, 2023 and the
policies of L&T Finance, in case of settlement, you shall be subjected to the cooling period before any further loan/exposure is granted by
L&T Finance.
8. For your information and understanding, we wish to advise you that as per the current procedure of Credit Bureaus, if a matter is closed by
paying an amount which is less than the actual outstanding amount on a certain date, the Credit Bureau records will reflect the status as
"settled" and the Credit Bureaus do not delete the records in such cases. This is the standard procedure. Accordingly, your records in
Credit Bureaus will also reflect as "settled". In case, you want to have a clear credit record and "NIL" outstanding dues, the account needs
to be paid in full, i.e., balance principal amount, (if any), along with accumulated interest till date.
Please sign a copy of this offer by way of confirmation to enable us to take this forward.
Yours Sincerely, Accepted
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For L&T Finance Limited, Mr. / Ms. RUBIYA MITRA (Borrower)
Authorized Signatory Authorized Signatory
Date:20-06-2025
Place: KOLKATA-TECHNOPOLIS-82
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NC
NA
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L&T Finance Limited
(formerly known as L&T Finance Holdings Limited),
Registered Office
Brindavan, Plot No. 177, Contact No.: 1800-268-0000
C.S.T Road, Kalina, Email: customercare@ltfs.com
Santacruz (East), Mumbai, Website: www.ltfs.com
Maharashtra - 400098, India, CIN: L67120MH2008PLC181833
*All loans originated and serviced by and at the discretion of L&T Finance Limited
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