Transfer of account along with outstanding liabilities A/C. Company 1.

Mr. Z

Address….

Dear Sir,

Re: Transfer of account along with outstanding liabilities A/C. Company 1.

Please refer to your letter No. …………………. dated 30.11.2000 on the captioned subject.

We have perused the following papers/documents that you have referred to us:

(i)                  Head Office approval dated 26.11.2000 for transfer of account with outstanding liabilities from Motijheel Branch to Kakrail Branch A/C. Company 1;

(ii)                Our opinion dated 22.12.1999;

(iii)               Head Office Sanction Advice No. …………. dated 23.03.2000 A/C. Company 1;

(iv)              Minutes of the Meeting dated 09.11.2000 of the Board of Directors of Company 1.

For the purpose of transferring the account of Company 1 along with its outstanding liabilities, a Deed of Agreement has to be executed by the Bank with the mortgagors and the borrower. For your convenience, we are enclosing herewith a draft of the Agreement.

We have prepared the agreement in accordance with our opinion dated 22.12.1999 reflecting the schedule of the property as referred in the original title deeds.

The papers/documents are otherwise in order and the Bank may proceed to transfer the account with all outstanding liabilities of the Borrower.

The file along with all paper/documents is returned herewith.

Thanking you.

Yours faithfully,

………………….

For: “The Lawyers & Jurists”

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