processing the payment request raised by
complainant vide National Automated Clearance House
(NACH) dated 15.3.2016. Accordingly complainant deposited
the following payment requests vide NACH through ... accused calling upon the accused to pay the amounts covered
under NACH mandate, said notice which was sent by
registered post as well as through
opted for repayment mode vide Electronic Clearing Service by
signing ECS / NACH declaration. Further, under the contract ... towards payment of debt
accused had issued ECS/ NACH. Transaction bearing UMRN
No.BARB7020202230022277 presented for encashment to Axis
Bank Ltd, Cox Town Branch
accused has opted for loan repayment mode by
way of ECS/NACH and a sum of Rs.2,85,816/-
was due and payable ... accused and when
ECS/ NACH was presented to the bank, same
was dishonoured for 'Insufficient Account
Balance' and despite receipt of demand notice
opted for repayment mode vide Electronic Clearing Service by
signing ECS / NACH declaration. Further, under the contract ... towards payment of debt
accused had issued ECS/ NACH. Transaction bearing UMRN
No.SDIN7020505230032458 presented for encashment to Axis
Bank Ltd, Cox Town Branch
opted for
repayment mode vide Electronic Clearing Service by signing
ECS / NACH declaration. Further, under the contract ... towards payment of debt accused
had issued ECS/ NACH. Transaction bearing UMRN
No.SDIN7021904230063270 presented for encashment to Axis
Bank Ltd, Cox Town Branch
submitted that, the accused have opted electronic
clearance system i.e., NACH (Authorized Electronic Clearance
System) towards to make the repayments ... that
sufficient funds will be made available in the account to honor
NACH when the complainant debits are raised in respect payment
accused had issued Auto Debit request /electronic
fund transfer i.e. NACH/ECS for a sum of Rs.2,63,778/- and
when ... request
5 C.C.No.17922/2024
/electronic fund transfer i.e. NACH/ECS for a
sum of Rs.2,63,778/- and when
reasons "Funds/Balance Insufficient" dated 10.10.2024.
The copy of customer NACH (National Automated Clearing
House) Debit Authorization and Debit memo is produced ... schedule of the said loan transaction. On the dishonour of
the said NACH debit transaction complainant has issued
Demand notice on 29.10.2024 for calling upon
Organization carrying on the
business of lending financial assistance. The accused availed
NACH debit loan facility from the complainant agreeing to repay
the same with ... 011360005 and towards repayment of said liability
the accused executed E-NACH Mandate in favour of the
complainant
accused had
opted for repayment of the loan amount through
Standing Instructions/NACH mandate by executing the
SI which authorizes the complainant to present ... respect of the same the complainant has initiated the
above e-SI/NACH mandate through e-SI/NACH
transaction No.S9424787039
