I received the demand letter from M3M which is also attached in the email
on 8th June. and in a timely manner I have shared the same with the loan
team of IDFC bank for processing (Bank Tie Up with M3M). Bank took all my
original paper for disbursement of loan and loan paperwork/verification was
completed.
I gave the first demand letter to the Bank on 8th June 2023.
I discussed with an IDFC Bank executive and they said some issue is
going on with M3M and they can't process any loan. Everything has been put
on hold.
Now it's not my fault and I am not responsible for any delay in payment or
late fee with the M3M Antalya project, due to the issues between M3M and
Bank.
I written the below email to M3M…
M3M has lost its Brand image and has significant impact on the
ongoing projects reputation as well.It is now hampering our investment and
hard earned money. I would like either M3M to compensate for the downfall
of our investment in market value of M3M Antalya. or
* cancel my unit and return a full refund with Interest.*
*I asked to process to Cancel the unit in M3M Antalya Project but they refused to cancel and refused to refund. If Indian govt can take action than it will be great for us.
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