[Resolved]  Indiabulls Financial Services Limited. — HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.

I read with interest the Fair practice code adopted by you below. I hope my mail below reaches Mr. Gagan Banga, CEO India Bulls. he must know the great work being done by his people here:

My wife's company has taken SMB loan from India Bulls in May08 with EMI of Rs 72305 per month. the total loan amount is 20 lakhs for a tenure of 36 months

I have a problem with Indiabulls I want to register a case against their employee mr Naved ( cell number
[protected]) in Bangalore

- He is rude and sends bad SMSes. behaves like a collection agent.
- The business is very bad and the installments slip the due date some time. I assure that it will be paid. But i cannot tolerate some goon sending me SMSes.

Till your office resolves this issue legally, I am holding back on my payments. Please ask your man in charge to sms me or talk to me.

Tomorrow after office, i shall go to Koramanagala branch and log an FIR. The intention is to keep you guys informed and not be surprised.

Thanks

Ashutosh Kapoor
Director - Marketing, Strategic Alliances;
Cisco Globalsation Center, Bangalore, INDIA.

Indiabulls voluntarily adopts Common Fair Practices Code for its customers

Indiabulls voluntarily adopts Common Fair Practices Codes (FPCs) for its valued customers in full compliance to RBI Circular No. DNBS (PD) CC No 80/03.10.042/[protected] dated September 28, 2006 and National Housing Bank?s Circular No HB (ND) DRS/POL- No. 16/2006 dated September 05, 2006. The common Fair Practices Codes is applicable to four credit companies of Indiabulls group i.e. Indiabulls Financial Services Limited, Indiabulls Infrastructure Credit Limited, Indiabulls Finance Company Private Limited and Indiabulls Housing Finance Limited. The Fair practices Codes have been adopted by the Board of Directors of Indiabulls Housing Finance Limited in their meeting held on September 23, 2006 and by the Board of Directors of Indiabulls Financial Services Limited in their meeting held on October 16, 2006 and Indiabulls Finance Company Private Limited on October 23, 2006 respectively.The Board of Directors of Indiabulls Infrastructure Credit Limited(formerly Indiabulls Commercial Credit Limited) adopted the uniform fair practices codes on 24 April 2008. Details Fair Practices Codes are also available with the branches of above Companies across India Any customer wishes to seek further clarification on any of the codes, may please contact Branch Manager of nearest branch of the Company in his region.


Fair Practice Codes

I have just applied for trading at Delhi office through akash Kumat jain
very poor services
no feed back
no response to emails
all excuses

The person who ever it might be has not approached the matter legally as it was his bounden duty if he was aggrieved to issue a notice against the company pointing out all these matters. he could have also taken up the matter to higher officials. More over what has been stated is he has defaulted only one EMI then there is no question of numerous 138 cases.His complaint itself is baseless as no company having such a goodwill would resort to such kind of acts and he could very well have defended the matter by proper legal advise

Naveed himself is big fraud ... have taken loans in several bank and escaped.