Tata Finance Ltd — alleged default in payment of EMI

When I contracted for the hire purchase with you for the above vehicle, I had issued 6 PDC cheques and had given an instruction for ECS for the rest. To my surprise, when I contacted Tata Finance at Bangalore for preclosure, I was told that two of the cheques were not enforced and I was asked to pay a sum of two instalments Rs.15300/- plus penalty of Rs. 4337/- for no fault of mine. I had maintained more than sufficient funds in the bank to honour the cheques issued by me, for which I have sent detailed Bank statements to their Bangalore office, which has been acknowledged by them. Even then as per their instruction, I also sent a pay order in lieu of the cheques that were not enforced plus penalty charges for Rs. 19637/-. . Subsequently, Tata Finance reversed the charges as per my request and issued an NOC to me.

When I went to get a fresh loan for a new car with Axis Bank, I was given to understand that my rating with Cibil was affected due to my dealings with Tata Finance and, therefore, I was not eligible for a fresh loan. When contacted, Tata Finance promised to inform Cibil about this matter and restore my credibility. Kindly confirm whether the same has been done