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Promissory Note by Yash is a document available to read on EtoBox.

What is Promissory Note about?

This document is a promissory note between V.K. Malhotra (Borrower) and A.K. Singh (Lender) for a principal amount of ₹1,00,000 with an interest rate of 10% per annum, repayable in monthly installments starting April 2021. The note is secured by a flat in Nagpur, and in case of default, the Lender can declare the full amount due and take possession of the security. The agreement is governed by the laws of Maharashtra and includes provisions for legal costs in case of default.

Author

Yash

Language

EN