Acknowledgement Drafts

To, …………….. Dear Sir, Your letter dated…………………demanding a sum of Rs……………./-.(Rupees in numeric & words……………….)has been received by Shri/Mr. …………………….….as Shri /Mr. is facing financial crisis due to circumstances beyond his control, he will not be able to pay the said sum to you by ……………….., as demanded by you. However, Shri/Mr. ……………………will try to pay some amount to you shortly. I am confident that you will bear with Shri /Mr........................ Yours faithfully, Sd/ . ……………………. Date…………… For and on behalf of Shri /Mr………………………

I hereby acknowledgement that a sum of Rs………………………./- (Rupees in word…………………………………………………………………………………………..) Is due from me to Shri/ Mr/ Mrs/Miss……………………………………………………………………. S/o…………………………………………………………………………………………………………… R/o…………………………………………………………………………………………………………... S/d………………………………………………………. S/o. Shri………………………………………………… Date:…………………. Address:……………………………………………….. ………………………………………………………….. …………………………………………………………..

Amount: Date: Place: I,______________(Name), make commitment to pay _______(Name of the company), the sum of Rs. ________. Repayment is to be made in the form of equal payments at the interest rate of ___ of Rs.___ payable on the 1st of each month, beginning from________ until the total amount of debt is paid. In Witness whereof, I set my hand under seal this ____ day of_____ 20__ and I acknowledge receipt of a completed copy of this instrument. (Signature of borrower)