[Resolved]  Fullerton India Credit Company Limited — granting permission up till July

Address:

Krishna, Andhra Pradesh

Dear Sir/Madam,

I Sridhar Ramadurai have taken a personal Loan of Rs. 2, 25,000/- from Fullerton India Ltd., and my Loan No. is [protected], since 3years. My track record is very good till December. I am doing Shoes business directly supplying to the Schools in Andhra Pradesh and also looking after my Father’s Coffee powder manufacturing and selling shop for the past 34 years along with my Father. I have taken the loan to promote the shoes business because it needs investment. Suddenly last July, as usual I have purchased Shoes as per my Orders but two schools have cancelled the order worth Rs. 7,00,000/- and Rs. 50,000/- worth Stock has been damaged in transit. So, I am not having hard cash and further I have to invest Rs. 16, 00, 000/- for the next season ending this July. So, I am not in a position to pay the EMI till July. Your Collection Agent Mr. Ram Vijayawada Branch had come to my Shop and house and started harassing my wife and my son when I was away on tour to West & East Godavari Districts and my Father and Mother to Cochin to my Sister's house. He is using Filthy language in Public and shouting like anything and he is threatening that he will sell the coffee powder and Tea powder at the rate of Rs. 50/- per Kg. (which is Rs. 200/- at present) and the other materials collect the money and close the Shop and hand over the Shop Keys to the nearest Police Station. This action has spoiled our reputation in the Public. I have told him over phone that I can pay all the EMIs in the month of July last only as I am not having funds at present. But, He is not at all listening. More over I have told the BM regarding my position in the Month of Feb.11. They told OK and they did not send anybody for two months. Suddenly on 26th last month Mr. Ram has come to my residence and warned my wife of dire consequences if she did not pay the EMI. So, please help me by giving me time up till July last keeping my previous track record in mind. I promise you that I will settle my account by July.

Thanking you,
Yours truly
Sd/-
Sridhar Ramadurai
No. 56-6-25, plot no. 82,
Maruthi colony,
Patamata,
Vijayawada-10.
Cell No. [protected].