ORDER

“Without Prejudice

Ref-AXIS/RL&P/DEL/MATRIX/2022-23/01                                Date: 24/08/2022

To,

MATRIX

THROUGH PROPRIETOR MR. RAJIV SAWHNEY

248-A, 3rd Floor, Rathi Complex Rama Market,

Munrika, New Delhi-110067

Also at:

B-287, Okhla Industrial Area, Phase-1 New Delhi-110020                 (Applicant)

Mr. RAJIV SAWHNEY

DDA Flat no B-7/96/2, 1st Floor, Safdarjung Enclave,

New Delhi-110029

(Guarantor & Mortgagor)

K.A. MR. RAJIV SAWHNEY

Ref: Your OTS proposal dated 13/07/2022 for settlement of dues of M/s Matrix A/c 914030026949184, 920060046435579 (Cust ID 853147292)

Dear Sir/Madam.

We refer to your aforesaid letter dated 13/07/2022 pertaining to settlement of dues of M/s Matrix. In this regard, based on your request letter and subsequent discussion held with you on subject matter, we have to advise you that we are agreeable for settlement of dues payable by M/s Matrix to Axis Bank Ltd. ("Bank") on the terms and conditions mentioned below.

The position of outstanding in M/s Matrix as on 31/01/2022 as per demand notice dated 28/02/2022 is Rs. 2,17,05,370.51/- with further interest and penal charges thereon.

The borrower concern/Mortgagors are liable to pay the above outstanding in M/s M