REMINDER
1)The Chief General Manager,
Department of Non Banking Supervision (DNSB),
Reserve Bank of India, Central Office,
World Trade Centre,
Mumbai 400 005.
2). The General Manager,
Department of Non Banking Supervision,
Garment House, 3rd floor,
Worli, Mumbai.
3). Mr. R.R. Agrawal,
Asst. General Manager,
RBI, New Delhi.
Re: Complaint against Indiabulls Financial Services Ltd. F-60, 2nd floor, Malhotra Building, Connaught Place, New Delhi- 110 001.
Ref: Loan Disbursal No. S[protected]Rs.27, 342/-)
Respected Sir,
This has refrence to my above-mentioned complaint against India bulls Financial Services Limited, it is regretted that I have not received any communication in the matter from your side even after my several written complaints, several emails, reminder letters, telephonic talks with various department of RBI from last about 3 months. I request you to looking seriouness of matter, do the needful.
COMPLAINT :-
I would like to bring to your kind notice that I had taken a loan amount of Rs. 25, 601/- from M/s. Indiabulls Credit Services Limited (Indiabulls Financial Services Ltd.) by cheque bearing No. 431950 dated 25/5/2007.
The said company had obtained from me 10 blank cheques as a security for the said loan amount.
Sir, I had made the payment of monthly installment of Rs.1800/- continuously for 10 months, but due to sickness of my mother who was admitted in ICU, in hospital I couldn't make the payment of one month viz. June, however their recovery officer Mr. Mahatre & Ramesh Patil collected from me part payment of Rs.1000/- on 30/6/2008 and allowed me to make the payment of next ESC by cash.
It is highly regretted that without any intimation to me, the above said finance company has deposited one of my blank cheque bearing No. 78870 by filling the false amount of Rs. 28, 249/-thereby the said company has misused my cheque and filed suit against me in Patiala House Court, New Delhi for case under 138 for cheque bounce. Against the loan amount of Rs. 25, 601 on 25/5/2007 I had already paid Rs.22, 600/- and now are they are forcing me to pay Rs.28, 249/- and tactically implicated me in cheque bouncing case.
Further in spite of my repeated demands, the copy of the Agreement of loan has not been supplied to me till date by the above said finance company. There is possibility of misusing the said agreement, as they have taken the signs from me on printed agreement which contained several unfilled blanks in respect of very material terms. I am not aware as to what has been subsequently filled up in the blanks by this company. At the time of handing loan cheque amount to me, they have given me loan letter 25/5/2007 which reflects only loan amount and EMI amount and not any thing was mentioned about the loan tenure or number of EMI and that time they confirmed me that the number of EMI will be 24 which I have to pay them for two years of Rs.1800/- per month, but I was shocked that they now claiming that the number of EMI I was agreed was 30 ( i-e rate of interest 60 % p.a ). They also promised me at the time of loan agreement that after 6 months they will reduce the interest amount by giving me TOP up of my loan, even in first six months not a single EMI was bounced by me but even they turned up from their promises.
Further to bring to your kind notice that as per my Bankers accounts statement, the above said company has received all the monthly installments, for which I showed and submitted them the Xerox copy of my banks statements. It is highly regretted that in spite of that the recovery officers of the company are pressuring me for the payments of such two installments which were cleared by me and have been giving me notices. insulting me, and harass me, their recovery agents frequently had been visiting my home even my absence and talk rough with my family members.
Being aggrieved, from the above said attitude of the company I hereby approach you with a request to kindly intervene and get me relief from such unwanted situations, for which I shall remain highly obliged.
Thanking you,
Yours faithfully,
kdayaldasj
(m)[protected]
Aug 14, 2020
Complaint marked as Resolved 
I had taken personal loan from Indiabulls of Rs.25, 601/- on 25/5/2007 and repaid Rs.22600/- but just default in one of my EMI of Rs.1800/-, Indiabulls misused my blank security cheque by filling false amount of Rs.28, 249/- and they also misused my blank signed loan agreement by filling false figures of 30 installments instead of 24 (Usurious rate of interest more than 60 % p/a.), denied the receipt of some amount debited from my bank. Even though I tried to settle the dispute by offering reasonable amount pending principal amount and interest amount but to extract extra money from me Indiabulls has filled bogus cheque bounce case against me in Patiala House Court, New Delhi. As it is tough to defend the false cheque bounce case traveling from Mumbai to Delhi, Indiabulls forcing me to pay Rs.33208/- plus uncharged interest. To extract the money company filled thousands of cheque bounces cases in Delhi Courts. In spite of my several complaints to RBI against India bulls, RBI not taking the matter seriously and protecting Indiabulls by neglecting all my complaints. The whole system is working with Indiabulls. To earn huge money Indiabulls bring the thousands of poor borrowers to suicidal point. Financial Company openly violate the fair business practice guidelines given by RBI.
[protected]@gmail.com [protected]
LINK:- http://www.mid-day.com/news/2009/feb/020209-Indiabulls-Securities-Limited-invest...⇄