Shubh Labh Finance — complaint against shubhlabh finance (p) limited

Respected sir,

I would like to lodge a complaint against shubhlabh finance (P) limited, first floor, room no. 502, p/o: bharangaon, uttarkashi, uttrakhand, india, pin-249193, phone:[protected]/[protected]/[protected]/[protected], www.shubhlabhfinance.com, emails:[protected]@gmail.com for fraud/misleading information with willful intention.

I had applied for personal loan on the tune of 7, 00, 000.00 (7 lacs), and remitted rs 3500.00 as a file charges, which they approved loan as per file number slfpl/123/2016, on 17th august 2016 by sending me welcome letter & sanction letters duly signed by their directors.

But after approving the loan they asked me to pay 14.5% service tax, which amount rs 1, 01, 500, i contested that they required only file charges and which i already paid, and not any other charges and that they could not charge service tax as per law, they asked me to pay rs 50, 000.00 as a policy cover against the loan. Upon their written assurance i have paid rs 50, 000.00. Against this amount they sent me i policy cover duly signed and stamped.

Further when i requested them to disburse my loan amount they forced me to pay another rs 20, 000.00 as a bond and assured me that after this bond amount my loan would immediately be disbursed. Thus i had paid total rs 3500+ rs 50, 000 +rs 20, 000 = rs 73500 (Seventy three thousand five hundred only)

When i started chasing them for loan amount they either started making excuses or stopped picking my phone. One of their employee even abused me when i pressed them to pay my money.

In the mean time i spoken to people who are expert in this field, they suggested me that no personal loan is granted on 5% flat rate and no service tax can be charged and that they have never heard of bond amount. They also doubted on the website of shubhlabh, where misleading information about the profiles of directors is displayed.

We hereby request you to help me getting my money back and also investigate if this company is involved in circulation of money by fraudulent means. Further we request you to investigate if they might have duped many other aspirants of loan.

I shall always be ready to come and meet you to explain all facts about this company and their ways.

Thanking you