My Friend Harshal Udesing Patil belongs to typical middle-class family with his retired father being the only earning member in the family having pension as the only means to survive through daily living. In Oct 2019, he started Dairy business start-up in Aurangabad by taking loan from bank and also investing all his father’s retirement funds family in the said business. He was very enthusiastic regarding this project and thought that this step would bring his family the stability they need. Initially his business was good but as the COVID-19 situation erupted in India, all tides turned against him and his business started sinking deep in debts as the flow of orders nearly stopped and many of his debtors didn’t even return the sum of bills for the supplied goods which resulted in huge losses. Within the next eight months he had to sell all his machines and leftover business assets to pay the bank installment on time. This sell-out of assets bailed him for some time but as all the money was gone and with no income in hand, also the borrowings from friends and relatives dried up as the amount of loan taken from Bank was so huge. Now in Oct 2021 after all this chaos and nowhere else to go and as his last resent. I request you all on behalf of him to please come forward and help him rise from this grave disaster that came his way. I am asking your help to foreclose his Term loan and CC taken by the bank which will in turn give him a second chance to live and support his family in whatever means possible.
I am attaching all the relevant bank loan and supporting documents to give you the actual measure of debt he is bearing.