June 1 2026 SupplyFirst India Pvt Ltd Mumbai Maharashtra India Prakash Traders Mumbai Maharashtra India Account Ref: INV-2026-001 SUBJECT: FORMAL NOTICE OF OUTSTANDING DEBT AND DEMAND FOR PAYMENT Dear Sir or Madam, This letter constitutes a formal and final demand for payment of the outstanding debt described below on behalf of SupplyFirst India Pvt Ltd. The Creditor has exhausted all informal attempts to resolve this matter and requires payment in full by the deadline stated in this letter. ORIGIN AND NATURE OF THE DEBT Between January and March 2026, SupplyFirst India Pvt Ltd supplied goods to Prakash Traders under trade invoices issued on agreed payment terms. Three invoices were issued during this period. No payment has been received against any of the outstanding invoices to date. The Debtor acknowledged the existence of this debt verbally but no payment was made. SUMMARY OF PRIOR COLLECTION ATTEMPTS Three trade invoices were issued between January and March 2026. Email reminders were sent to Prakash Traders in April 2026 and again in May 2026. No payment and no formal written response was received following either reminder. CURRENT OUTSTANDING BALANCE Principal Amount: INR 320,000 Interest at 18% per annum from April 1 2026 to June 1 2026 (2 months): INR 9,600 **Total Amount Now Demanded: INR 329,600** LEGAL BASIS FOR THIS DEMAND This demand is made on the basis of breach of contract under the Indian Contract Act 1872. Prakash Traders entered into a binding agreement to pay for goods supplied and has failed to do so despite repeated demands. This failure gives rise to a valid and enforceable legal claim for recovery of the full outstanding amount. FORMAL DEMAND FOR PAYMENT SupplyFirst India Pvt Ltd formally demands payment of INR 329,600 in full by June 30 2026 via NEFT or RTGS bank transfer to the account details provided upon written request. Partial payment will not be accepted in satisfaction of this demand unless agreed in writing by the Creditor. DEADLINE FOR PAYMENT Payment in full must be received by June 30 2026. Time is of the essence. No extension will be granted unless a formal written payment arrangement is agreed and signed by both parties before that date. A default on any agreed installment will trigger the full outstanding balance becoming immediately due. CONSEQUENCES OF NON-PAYMENT If full payment is not received by June 30 2026 and no written payment arrangement has been agreed, SupplyFirst India Pvt Ltd reserves the right without further notice to initiate civil recovery proceedings in the competent court of Maharashtra India for the full outstanding amount plus accrued interest and legal costs, and to take all enforcement steps available under applicable law. DEBTOR'S RIGHTS NOTICE No mandatory statutory debtor rights notice is required under the applicable laws of Maharashtra India governing this commercial debt recovery demand. DISPUTE PROCESS If Prakash Traders genuinely disputes the existence, amount, or validity of this debt, a formal written dispute must be submitted to SupplyFirst India Pvt Ltd at the address stated above within 14 days of receipt of this letter. If no dispute is received within this period, the Creditor will assume the debt is valid and will proceed with collection. RESERVATION OF RIGHTS Nothing in this letter constitutes a waiver of any right or remedy available to the Creditor. All rights are expressly reserved in full. All payments, disputes, and written communications in response to this letter must be directed to SupplyFirst India Pvt Ltd at the address stated above. The Creditor acknowledges receipt of payment within 2 business days of cleared funds being received. SupplyFirst India Pvt Ltd sincerely hopes this matter can be resolved through prompt payment without the need for formal legal proceedings. Complying with this demand by June 30 2026 will bring this matter to a full and final close. The Creditor also remains open to discussing a formal written payment arrangement if the Debtor contacts the Creditor before the deadline. ________________________ [Authorized Representative] SupplyFirst India Pvt Ltd Date: ____________________ DISCLAIMER: This Debt Collection Demand Letter was generated by an AI drafting tool for reference and preparation purposes only. It does not constitute legal advice. Debt collection laws, mandatory disclosures, prohibited conduct rules, and enforcement procedures vary significantly by jurisdiction. Improper debt collection practices may expose the Creditor to legal liability. Always have this reviewed by a qualified debt recovery attorney before sending it to any debtor.