[Resolved]  Videocon D2H — recovery of outstanding amount from company.

From: MAHAVIR AGENCIES
Sadar bazaar, PARATWADA- 444805.

To,
VIDEOCON INDUSTRIES LIMITED,
Plot No 1, Raina Bldg,
Near Income tax Office, Mount road extension,
Sadar, NAGPUR.

Subject: DEMAND OF OUT-STANDING AMOUNT.

Dear Sir,
Take a notice as under:
I found that you have not credited the full amount of goods in my account, which were sent by you without my order on dated. 31.01.2008 and 29.02.2008. Moreover, I rightly returned those goods to you on the same date in the same truck of Balaji Transport Company at Wadi (Nagpur).
This fact was informed to you. The details were sent by registered letter dt. 29.07.2008. That in the meantime, you have presented cheques and cashed the total amount of Rs. 110895=00. You collected this amount through bank based on blank cheques, which was duly signed by me and was lying with you as security.
It is surprising that you have sent us the statement of account up to dt. 31.12.2008 showing the credit balance of Rs 75701=00 only in spite of Rs[protected]. It is also brought to your notice that your sales representative has obtained my signature in good faith because there was our Dealer relation for about 15 years. You also assured me for remaining amount of Rs. 35194=00 would also be adjusted as soon as the account with Balaji Transport Company Wadi (Nagpur) will be settled and you showed the urgency of your problem of account arising from your C.A.
I believed in you and your representative and signed the statement thereafter I have made several correspondences and contacted you on telephone in this respect. However, sorry to note that you have not done so. You always say that you are liable to uplift the material worth Rs. 75701=00 and those materials will be as per your available dead stock and their prices. There is a vast difference in market price and company prices. Hence, the offer is not acceptable.
Secondly, on dated 13.07.2009 one Hyundai Make model HY-22 FO-1 Sr. No. [protected] color TV was returned to your Auto Car Logistic wear house at Gondkhairy Wadi (Nagpur) through Balaji Transport Company Wadi (Nagpur) bearing L.R. No. 708 dated 13.07.2009. This L.R. was sent to you as instructed. The amount of this T.V. is also not yet credited. Please Credit the amount of this T.V. also and send the total amount.




Please therefore return the amount of Rs. 110895=00 and the cost of Hyundai T.V. in cash and send the amount to me immediately along with the interest at the rate of 24% p.c.p.a. within 15 days after receiving this notice. If this is not complied with, I may be constrained to take legal action against you for which you will be held responsible. Please note and comply.

Yours faithfully,
Dharmendra Jain.
Prop. Mahavir Agencies.

Copy to:
1) BOARD OF DIRECTORS, VIDEOCON INDUSTRIES LTD thru email.
2) All the concerned officers of VIDEOCON INDUSTRIES LTD., AURANGABAD.
3) Concerned officers of Videocon, Nagpur branch.

As your Nagpur office is not taking care of this issue seriously from a long time (about 2 years) hence forwarding this copy to you for necessary action. Pls do the needful to avoid further complications.

Sd/-

Date: 18.01.2010 at Paratwada.