[Resolved]  Tata Capital — Not received Payment

Respected Sir

We are one of the leading Direct selling agent in Chennai for Tata Capital for Personal Loan and Business Loans. We run the business in the name at style of ADVANCED SOLUTIONS. As your ASM Nirmal Sebastian(nirmal.[protected]@tatacapital.com ) ([protected]) was unable to generate code for us till may 08 and also after may 08 they asked us to book the business in the name of Value chain Associate. This was done for various reason known only to Tata Capital and Mr Nirmal. But unfortunately we have not received payment from either of them (tata capital and Value chain. We are yet to receive payment for the business done during the month of September and October 2008. The out standing amount is approximately 1.5 lakhs .When contacted Tata Capital and the other channel we were told that the payment is in hold and tata capital has not made the payment as there were too many delinquent and skip cases.

When we contacted Mr.Nirmal and Ritesh Singla [mailto:ritesh.[protected]@tatacapital.com] for further info we were asked to collect the payment for all the delinquent cases. Though Value chain associates had large number of delinquent and skip cases, we had only one delinquent case and even that customer was contacted and he has started making payments. Even after this our payment was not released as there we still bounce customer in Value chain Associates cases. Now we are being penalized for reasons not pertaining to us. For mistakes done by Tata capital and their staffs by not opening an business code for us and booking business in other code even after code was generated for us, we were forced to layoff our staffs due to short of working capital.

Till now we are begging for the payment with nirmal (ASM) and Ritesh Singla and the worst part is we don’t even get an responsible answer.

Request you to do the needful.

Thanks and regards
Rajesh
[protected]
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