PROMISSORY NOTE

I Albert, aged about 42 years S/o Roshan a resident of Awangjiri, P.O. & P. S. Nambol, Imphal West District, Manipur take a sum of Rs 1,00,000/-(Rupees one lakh) from Sarat of Nambol, P.O. &   P. S. Nambol, Bishnupur District, Manipur with interest at the rate of 4%  per month.

I promise that I will pay the interest i.e. 4% of said amount of Rs 1,00,000/-(Rupees one lakh) on the 25th of every English Calendar month without fail.

I also promise that I will pay the principal amount of Rs 1,00,000/-(Rupees one lakh) to Sarat on or before September 2020 or as and when he demands failing which I have no objection to taking up any legal proceedings against me or forfeit any property equivalent with the said amount.

After knowing the full contents of this note I hereby put my Signature before the under-noted witnesses on this 23rd day of November 2019.                     

         

  Witnesses                                                                                    Signature of the Receiver

1.

2.

By:-

          Advocate.

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