Can I read Promissory Note for Rs.40,000 Loan on EtoBox?

Promissory Note for Rs.40,000 Loan by karthik eswaran is a document available to read on EtoBox.

What is Promissory Note for Rs.40,000 Loan about?

This promissory note outlines an agreement where Mr. Raju P.V borrowed Rs. 40,000 from Mr. Prasanna Jayagopi to pay a TNEB deposit. Mr. Raju must repay the full amount when canceling the electricity sanction for his property. If he fails to repay on time, he will owe 24% monthly interest on the outstanding amount. The property can be taken by Mr. Prasanna as security, and if its value does not cover the debt, Mr. Raju remains liable. Any disputes will be resolved by arbitration in Chennai under the Arbitrat

Author

karthik eswaran

Language

EN