14/9/2017

From
G.Shanthi,
W/o B.Murugesan,
No.110, Big Bazaar Street,
Opp. Palaniammal School,
Tiruppur- 641604.

To,
The Manager,
State Bank of India,
Main Branch,
Tiruppur.

Respected Sir,

Sub: In regard with cancellation of MOD No-----------.

1. I reside in the above mentioned address with my family.

2. In 2010, I approached one Mr. Padmanaban who was residing at No.

181, Balaji Nagar, Muthanampalayam, Tirupur- 641606, to buy his
property situated at the aforesaid address along with the structures built
on it.

3. I state that, he had informed me that he has taken a housing loan from
State Bank of India, Tirupur Branch bearing MOD no.------- and since he
was unable to pay the said loan amount, he was willing to sell the house
to me It is pertinent to state here that the said property was a part of the
ancestral property of Mr.Padhmanaban and his brother, Mr.Srinivasan,
the whole of which measuring an extent of ____. The said ancestral
 property was partitioned between Mr.Padhmanaban and Mr.Srinivasan
vide a partition deed dated 25.05.2005 and Mr.Padhmanaban acquired
title over the property situated at ____, which is marked as B Schedule
property and Mr.Srinivasan acquired the property adjacent to it, which is
marked as A Schedule property.
4. Mr.Padhmanaban and I approached the Bank and sought its permission
to take over the housing loan. In pursuance to our request, the Bank had
permitted me to take over the loan taken by Mr.Padhmanaban.
Subsequently, a sale deed dated 25.08.2010 with respect to the above
mentioned property was executed in my favour and the liabilities of
Housing loan bearing MOD no.------- were shifted to me and I began
repaying the loan properly on an EMI basis.
5. In 2015, I was approached by one Mr. Thiyagarajan who was interested
in buying the property which is situated adjacent to my property owned
by Mr. Srinivasan. Only at that point of time, I had realized that though
Mr. Padmanaban was allotted “B schedule” property, in his title deed, the
property is mentioned as A Schedule property and further, he had taken
housing loan from State Bank of India by depositing the title deeds of the
“A schedule” property. The Bank had also granted loan without enquiring
into the same, by mistake. Subsequently, Mr.Padhmanaban had put up
constructions on his site i.e “B Schedule” property. I was completely
unaware of these facts.
6. After gaining knowledge about the same, I immediately approached the
Manager of Bank and explained the same to him. In reply, he said that
the Bank holds no liability for any error of this nature and rectification of
documents should be carried out by the parties involved. It is pertinent
to state here that due to some unavoidable financial constrainsts faced
by me, I had stopped paying my EMIs from the month of August, 2016
till the month of August 2017.
7. In pursuance to my non-payment of the loan amount, the Bank had sent
an auction notice stating that my house would be sold in an auction, if
 the pending installments of loan amounts are not paid. In compliance
with the said notice dated ___, I had repaid all the pending dues till date.
8. I request you to give my original sale deed dated 25.08.2010 for the
purpose of rectification. I assure you that I would deposit the sale deed in
as soon as possible after execution of the said rectification. I further
request you to cancel the MOD in favour of me bearing no.--------.
9. I further request you to grant new MOD in my favour on the same date
with the rectification of errors in the document. I further assure you that
I would meet all the terms of the fresh MOD.

Thanking you

Yours Truly