IndiaBulls Complaints & Reviews

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.

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

Indiabulls Securities Limited — Undue brokerage being deducted!

Dear Sir,
I am a small investor & had opened my demat account with Indiabulls Securities Limited. But after some transactions, I didnt understand the pattern of their deduction of brokerage. They used to provide me the documents online but all their documents, ie, the transaction summary, the contract notes and the statement for brokerage deduction, used to show different values for brokerage deducted.

I tried to get a reply from them regarding it. I pursued them for more than two months & sent them around 14 reminders by e-mail but I didnt get any reply from them. You can understand the agony I had to face in this time & the time I waisted for all this. I did get telephone calls from them but they are not ready to clarify the things in detail. They are clearly saying that they cant clarify this matter in written.

I feel that they are cheating on the brokerage deduction & there might also be some problem in various taxes deducted & deposited by them. I want to get this matter clarified in detail. Kindly help me to get this matter resolved.

Hoping to get a quick reply from your side.

Thanks
DEVENDER.

Since last five years I made several complaints against the cheator, fraud and exploitor Depository Participant(DP) INDIABULLS SECURITIES LIMITED AND ITS DIRECTORS And the Depository M/s CENTRAL DEPOSITORY SERVICE INDIA LIMITED(CDSL) TO SEBI under copy to all conecrn including Prime Minister of India, Finance Minister but so far no action the reason being I am not that monied man like Mukesh and Anil Ambani.Starting from the beaurcrats to both Finance Minister and Prime Minister all are worried for the Ambani Brothers, but most unfortunately my appeal could draw their attention.The present SEBI is no way better than earst while CCI.The SEBI act being enacted in the parliament in the 1992 in order to help and protect the interest of the Brokers and DPs but not to protect the interest of the crores of the investros, that is reason why the DPs and brokers are cheating, exploiting and looting crores of innocent investors.
THE CHAIRMAN(ALL THE CHAIRMAN) OF SEBI WHO ARE MOSTLY SENIOR OFFICERS OF IAS CADRE.IT IS UNFORTUNATE TO MENTION THAT THEY HAVE TREATED SEBI OFFICE AS VASSAL ESTATE AND ACTED HOBBESEAN LEVIATHAN AND MACHIAVELLIAN PRINCE TAKING LAW BASED ON PERSONAL PIQUE AND VENDETTA RATHER ON OBJECTRIVE AND LEGAL CONSIDERATIONS AND FLOUTING ALL CANONS OF LAW.
BRAJA BANDHU BEHERA
ADVOCATE, ORISSA HIGH COURT
MOBILE NUMBER [protected]

They just care about their brokerage, I think they are worst than other Trading Companies

Indiabulls Securities Limited — Final Settlement/Withdrawal of PF

My name is Mohit Nagpal and i was emplyee of Indiabulls Securities Limited and Indiabulls Financial Service Limited. My first experience was Indiabulls Financial Service limited and after that i was shifted to Indiabulls Securities Limited.

I submitted my both PF request after two years to the company but now they are not processing it since according to them there is recovery against me.

My complaint is that when I fully completed my first job with Indiabulls Financial Service then why they are not processing it, atleast they should process my one PF request. I wants your intervention. Kindly look into the same


Regards,

Mohit Nagpal

Contact Number -[protected]:

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

What makes you think Indiabulls is a reputed company? Yours is another story among the masses.
I'm optimist the genuine curses would show the result may be in a while.

Additionally i would say don't ever open any account for intraday trading, feel investment in mutual funds is the best option in case you want.

May God bless the world!

Flat at ib panvel

As I have booked flat in ib on 2010 but last 18 month has passed nothing heard from ib even I mailed to ib I think mail. I'd changed pl. Do lodge my complaint.

[protected]@rbi.org.in, [protected]@rbi.org, [protected]@mtnl.net.in, [protected]@rbi.org.in, [protected]@rbi.org.in,
[protected]@rbi.org.in, [protected]@yahoo.com, [protected]@rbi.org.in, help.[protected]@rbi.org.in, [protected]@rbi.org.in, [protected]@rbi.org.in

Respected Brajabandhu Behera,

from last more than six months I approched RBI to take action against Indiabulls by emails, written complaints, telephone calls to Mumbai & Delhi offices.

From the behaviour of RBI I was aware that RBI is not serious with the matter, but still I, under Right of Information act requested RBI to give the information what action did they taken in more than six months against my complaints against Indiabulls, I am shocked to receive the information, the only action RBI did was called a response from Indiabulls to my complaint.

RBI Informed me:-
We had called for the company's response to your complaint and it is learnt that the company has already made replied to you wide their letter dated 11/9/2008 ( copy enclosed).

Indiabulls openly violate the Fair Business Practice code and RBI is please to protect the Indiabulls by neglecting all complaints made by me.

I put my all efforts to raise the matter with RBI, SEBI, State Government Departments, Central Government Departments, Concern Ministers/ Social workers, Consumer organisation, Newspapers, No body is serious.

Day by day I lost my hope for justice now the first thing I have to do is defend the bogus Cheque bounce matter filled by Indiabulls against me in Delhi and it is very tough for me to travel Delhi from Mumbai.

Indiabulls is very confident in my matter, against the loan amount of Rs.25, 601/- on 25/5/2007 I already paid Rs.22, 600/- by implementing me in false cheque they are forcing me to pay Rs.33, 208/- till today and plus interest amount.

RBI is not serious with my complaints at all.

Kdayaldasj

R B I PROTECTING DUBIOUS FINANCE COMPANY

Here under are reports of newspapers about the Indiabulls, which shows the how finance company doing business. The said finance company implicated me and thousands of Maharashtra youths in bogus cheque bounce cases in New Delhi Courts to extract extra money. I raised and made complaint against Indiabulls with RBI by writing letters, emails, reminders, telephone calls, but I am disappointed that even though eight months has been passed instead of taking any action against Indiabulls, RBI not taking matter seriously and by diluting seriousness of complaints, openly protecting the finance company. The whole system is working with Indiabulls and other NBFC that is why are charging rate of interest between 60 to 80 % per anum which is usurious.

1.Police restrained from arresting Indiabulls executives
http://timesofindia.indiatimes.com/Business/India-Business/Police-restrained-fro...⇄

2.SEBI FINES INDIABULLS FOR FRAUDULENT PRACTICES.
Link:-
http://www.business-standard.com/india/news/sebi-fines-indiabulls-for-fraudulent...⇄

3.Delhi High Court refuses to stay investigation against Indiabulls officials.
Link:-
http://economictimes.indiatimes.com/articleshow/2935511.cms

4.FIR against Indiabulls for illegal transactions.
Link:-
http://www.accessmylibrary.com/coms2/summary_[protected]_ITM

5.Financial Services Firm in the Dock
Link:-
http://timesofindia.indiatimes.com/articleshow/2842494.cms

6.Despite SEBI inquiry, Court allows FIR against Indiabulls.
Link:-
http://www.expressindia.com/latest-news/despite-sebi-inquiry-court-allows-fir-ag...⇄

7.Investors allege shares worth of crores vanished from their Indiabulls accounts in blink.
Link:-

http://mid-day.com/news/2009/feb/020209-Indiabulls-Securities-Limited-investors-...⇄

http://mid-day.com/news/2009/feb/020209indiabulls-investors-allege-fraud1.htm
7.Indiabulls asked us to fake it.
Link:-

http://www.mid-day.com/news/2009/feb/030209-News-Delhi-Courier-firm-employee-fin...⇄

8.IPO Scam, What, When, Who and How ?
Link:-
http://ibnlive.in.com/news/ipo-scam-what-when-who-and-how/8980-7-single.html

9.Indiabulls, Forts undergo Income Tax searches.
Link:-
http://www.indiantaxsolutions.com/main.php?t=28011985&d=[protected]

10.Fraud : Indiabulls men booked.
Link:-
http://cities.expressindia.com/fullstory.php?newsid=85402

11. Indiabulls Co. charges 4.5 Crores Service Tax on Fake registration number.
Limk:-
http://www.allindiantaxes.com/ait-news-145.php

12. Indiabulls Retail not paying some vendors.
Link:-
http://www.livemint.com/2008/12/12234548/Indiabulls-Retail-not-paying-s.html
13.Indiabulls to pay up Rs.35, 000/- as compensation.
Link:-
http://www.livemint.com/2008/12/12234548/Indiabulls-Retail-not-paying-s.html
14.Pay us our dues now.
Link:-
http://www.managementparadise.com/forums/general-talks/4955-pay-us-our-dues-now....⇄
15.Vanished Funds.
Link:-
http://www.indianexpress.com/oldstory.php?storyid=82800

My complaint:

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,

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 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 in spite of my efforts to solve the dispute I offered reasonable amount i-e pending principal amount & interest amount. But to extract extra amount from me Indiabulls filed bogus cheque bounce case against me in Patiala House Court, New Delhi. Against the loan amount of Rs. 25, 601 on 25/5/2007 I had already paid Rs.22, 600/- and as it is very tough for me to defend the suit in New Delhi traveling from Mumbai, finance company black mail me and forcing me to pay more Rs.33208/- plus uncharged interest. To extract extra amount from me finance company tactically implicated me in cheque bouncing case. Finance company filed thousand of cheque bounce cases of Maharashtra youth in New Delhi Courts.

At the time of handing over the loan amount cheque to me they given me loan disbursal letter dated 25/5/2007, that contained only details of Loan amount, and EMI amount of Rs.1800/- they purposely not mentioned the details of rate of interest or number of EMI or tenure of loan period. They have taken the signs from me on printed agreement which contained several unfilled blanks in respect of very material terms; they misused loan agreement by filing false details of number of EMI from 24 months to 30 months ( i-e rate of interest 60 % per anum which is usurious ). 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.

I made this complaint to RBI, but regret to state that RBI not taking matter seriously and do not investigating my complaint. Whole system is working with Indiabulls.

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,


K DAYALDAS J

Bounced cheques choke Delhi courts.

http://timesofindia.indiatimes.com/rssarticleshow/msid-3706199, prtpage-1.cms

i fully agree with the fact of the case. I too had taken loan from India bulls. I too had not given any disbursal letters containing the schedule of repayment. Fortunately I cleared all cheques, so that they could not make misuse of my unused cheques.

Recently I came to know that all of their offices have been shut off. I wanted to take the balance confirmation letter from India bulls, but not even a single executive is available. Its office is also closed without any intimation.

RBI should take this issue seriously and avoid future complications.

PF
Dear sir,
this is simran singh writting to seek your help in my pf issue. After getting all the paper work done from my company INDIABULLS CREDIT SERVICES LTD where i worked for near about 1 year 1months, i sent my provident fund clearance document to INDIABULLS HEAD office Gurgaon by COURIER. company told it takes about 60 days to get the money but till today it is more than 3 year and nothing has been credited to my account.
therefore i request you to look into the matter .
looking forward to your co-operation.i was already complaint in your website sir.pls do the need ful

regards, simran singh
emp id in IBCL/8890
epf no DL/33499/4092

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

IS INDIABULLS SECURITIES LTD., IS ON THE VERGE OF LIQUIDATION BECAUSE OF HUGE
EXPOSURE GIVEN TO CLIENTS AND UNABLE TO CUT THE POSITION AT THE RIGHT TIME
LEADING TO HUGE DEBIT BALANCES AND CLIENTS NOT PAYING UP. THIS CAME SOMETIME
BACK EVEN IN THE PREVIOUS MARKET FALL. PLEASE CLARIFY FROM YOUR SOCURCES.

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

Dear Mr. Arya,

While going thru ur problem, it appears that u might have funded the security thru Indiabulls Financial Services and also part of the funding was done from your own pocket. Thereafter the market got crashed and the Indiabulls sold the shares and recovered their dues.

I cannot say exactly what has happened but I believe that if you take out the daily tradings in that particular scrip for a period of one month before actual purchase and few days after sale and in between period than u may get a pattern. I suspect that these purchase and sales were not genuine and u would get a pair of trading. If one day 3 lacs shares traded than another day also 3 lacs (may be few plus or minus). It means two players are mutually playing or even one player with two terminals is buying or selling the scrips. One day they might have purchased 3 lacs from one terminal and on next day reverse. By this, they build up the rates, suggest purchase and than soon after rates goes down and scrips sold to recover their fund. U would find documents perfectlly in order. The difference is pocketed and shares go back to them.

So, i[censored] can manage to get register this FIR with the aarthik apradh shaka (Economic Offence Wings) at Lucknow and if the officials can work in this direction, u may get the justice. Otherwise, it is of no use. You must have executed documents with Indiabulls Financial Services Ltd giving clear instruction that they may sell the scrips if need arises. You have also given this instruction to your bank and to your demat account. Thus, you would not able to get justice in the arbitration proceedings as their documents would be perfectly in order.

It is my sincere advise.

Thanks,

Hi,

Kindly provide me the status of my PF for below mention details...

Com. Name : Indiabulls Sec Ltd.
Emp Name : Sangeeta kaushik
Emp Code : IBCL--5194
P. F. No. : DL/33499/2384
Date Of Joining : 16 jan 2006

You are requested to pls check status & kindly revert asap.



Thanx & Regards

Sangeeta Sharma
Ghaziabad
[protected]

my dmet a/c no is 11043418, CNG -150. further sggest for operating procedure. trading andmaintainancepurpose. thanks

Dear sir,
I'm SRINIVASAN.K My PF no DL/33499/6560 writing to seek your help in my PF issue. After getting all the paper work done from my company INDIABULLS CREDIT SERVICES LTD where I worked for near about 2 year six months, i sent my provident fund clearance document to INDIABULLS HEAD office Gurgaon by COURIER. My company told that it takes about 60 days to get the money but till now it is more than 7 months and nothing has been credited to my account.
therefore I request you to look into the matter .
looking forward to your cooperation.

regards,
Srinivasan.K
Employee id in IBCL/15015

indiabulls credit services ltd — provident fund

PF
Dear sir,
this is Srinivasan.k writting to seek your help in my pf issue. After getting all the paper work done from my company INDIABULLS CREDIT SERVICES LTD where i worked for near about 1 year 7 months, i sent my provident fund clearance document to INDIABULLS HEAD office Gurgaon by COURIER. company told it takes about 60 days to get the money but till today it is more than 8 months and nothing has been credited to my account.
therefore i request you to look into the matter .
looking forward to your co-operation.i was already complaint in your website sir.pls do the need ful

regards,
srinivasan.k
emp id in IBCL/15015

India bulls credit services ltd. — pf

Dear Sir,



My name is Mohit Mathur, i have worked with Indiabulls Credit Services during[protected] to[protected]. I have sent my PF form to India bulls office and they said that they already sent my form to dehi PF office on 29/09/2008 by Express IT courier and POD No. is [protected].


Please confirm me delevery by india bulls gudgaun office to pf office delhi.


Regards,
Mohit Mathur
Jaipur
[protected]

indiabulls credit services ltd — pf issue...........

From,
Sundar.A
Indiabulls Credit Services Ltd
Chennai


To,
India bulls Employment Provident Fund Department
Delhi

Subject: PF Issue ( DL / 33499/1493 )

Dear Sir,

This is SUNDAR.A writing to seek your help in my pf issue. After getting all the

Paper work done from my company INDIABULLS CREDIT SERVICES LTD

Where I worked for near about (2.5) 2 years six months, I sent my provident fund

Clearance document to INDIA BULLS Head office Gurgaon by courier to Feb 2008.

My company was told it takes about (60) days to get the money but till date it is

More than (8) months nothing has been credited to my account.

Therefore I request you to look into the matter.

Looking forward to your co-operation. ( sir i need your help )

Regards,

Sundar. A
DL / 33499 / 1493
Emp id in IBCL/1052
Mobile : [protected]

sttwet

india bulls credit services ltd., — PF ISSUE........

From,
Sundar . A
Indiabulls Credit Services Ltd
Chennai
To,
Employment Provident Fund Department Of India
New Delhi
Subject: PF Issue ( DL / 33499/1493 )

Dear Sir,

This is SUNDAR.A writing to seek your help in my pf issue. After getting all the Paper work done from my company INDIABULLS CREDIT SERVICES LTD Where I worked for near about (2.5) 2 years six months, I sent my provident fund Clearance document to INDIA BULLS Head office Gurgaon by courier to Feb 2008.
My company was told it takes about (90) days to get the money but till date it is More than (10) months over nothing has been credited to my account.
Therefore I request you to look into the matter.

Looking forward to your co-operation. ( sir i need your help )

Regards,
Sundar. A
DL / 33499 / 1493
Emp id in IBCL/1052
Mobile : [protected]

MUZAMMIL ALI
EMP. CODE- 152381
MOB. NO. [protected]
E-MAIL - [protected]@yahoo.co.in
ADDRESS - 621, RAM NAGAR, SHASTRI NAGAR, JAIPUR
OFFICE ADD. -INDIABULLS FAST LOANS, 1st floor, MUNDRA BHAWAN, OPPOSITE SANGAM TOWER, JAIPUR

I M MUZAMMIL ALI,
I M WORKING WITH INDIABULLS FAST LOANS,
MY JOB PROFILE INSURANCE, THROUGH MAX NEW YORK LIFE INSURANCE.
I M JOINED 1 AUGUST, 2008 TO 22 OCTOBER
I M NOT GETTING MY SALARY APPROX 3 MONTH
I WOULD LIKE TO INFORM INDIABULLS H.R. SERVICE BY YOU.
PLZ AS SOON AS POSSIBLE MY PROBLEUM SOLUTION.
FIRSTLY I INFORMED U, OTHERWISE I WILL GO IN COURT AND I TAKE LEGALY MY SALARY.

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

India Bulls HR person are so arrogant, that i feel cheated, i had worked there for aporx a year, when i had to leave the company they had blocked all incentives, salary and re-reimbursements, its now more than two years passed it had left the company, i had send several mails to Mr. Tara Singh (Manager HR), Ms Meera VB and Ms. Sangeeta Dass, but still they are playing mailing and document games. it seems that they don't want to pay, they lingering the matter like corrupt government officials, i told many of friend about this, now the thing is that no one want to work for them, if they continues, then a day is not so far, they will get any employee to work for them, they are loosing there reputation day by day.
If they do not pay bills then soon i will carry them to the court.

INDIABULLS CREDIT SERVICES LTD. — NON Receiving of PF No.

My full name is Narendra Babubhai Parmar. I was working with Indiabulls credit Services Limited in STPL Department as a Sales Executive in the Year 2006 in Maninagar Ahmedabad Branch. I have worked for more than six months with the company and my provident fund is still pending. My employee code is IBCL/9931. I have contacted the HR Department before one month in the year 2009. So I just asked them to give me my PF NO. to claim the PF amount. But they replied me that already somany years has been passed out so you can't get the PF amount.So I just wanted to know that whether I can get the Provident fund or not. HR department is telling me that we have forwarded your mail to the concerned authorities but yet they have not reverted. Awaiting for your positive reply

INDIABULLS CREDIT SERVICES LTD. — PROVIDENT FUND

Sir,
My full name is Narendra B Parmar. I have been working with the INDIABULLS CREDIT SERVICES LIMITED in the year 2006for nine months in Maninagar, Ahmedabad Branch. My employee code is IBCL/9931. I have not claimed my Provident Fund during that year. I have inquired about provident fund with the HR department during the year 2009 but they are not giving any prompt reply. So I just want to know whether I can get my PF or not? I have also done mail to INDIABULLS CREDIT SERVICES LIMITED but still there is no reply from the company. This is for the third time I am sending my complaint but there is no reply from your side also. So I would like to know whether there is any way out or not.And if it is possible then what action I should take against the company. So I just wanted to know whether I can get the result or not. Because I have done mails to the company and to you also but I am not getting any prompt reply. So I kindly request you to show me the way and give me the prompt reply for what to do.Because I have been making followup since last six months but I am not getting any reply.

Dear sir/Mam,
I'm HEMANT KUMAR TIWARI writing to seek your help in my PF issue. After getting all the paper work done from my company INDIABULLS CREDIT SERVICES LTD where I worked in GORAKHPUR BRANCH OFFLINE(BOFF) for near about six months. Therefore I request you to look into the matter .

KINDLY, looking forward to your cooperation.

Thanks & Regards:-
HEMANT KUMAR TIWARI
mo.- [protected]
e-mail id.-- [protected]@rediffmail.com
Employee id in IBCL/18072

Dear Sir / Mam,

This is HEMANT KUMAR TIWARI writing to seek your help in my pf issue. After getting all the

Paper work done from my company INDIABULLS CREDIT SERVICES LTD

Where I worked in GORAKHPUR BRANCH(BOFF-DEPARTMENT) for near about six months, I
Get Clearance document to INDIA BULLS Head office Gurgaon by courier.


Therefore I request you to look into the matter.

KINDLY, Looking forward to your co-operation. ( sir i need your help, Please. )

Thanks & Regards :-

HEMANT KUMAR TIWARI
Emp id in IBCL/18072
MO.-- [protected]
e-mail-- [protected]@rediffmail.com

VB security services — PF not credited

Hi, I'm satish kumar D
my complaint is, I've applied PF for past 3.5 yrs ago. recently i got msg that
"Form 10c (withdrawal Benefit/Scheme certificate) for acct PYBOM[protected] recd on 07.06.2011 and Claim ID PYBOM[protected] is under process."
But still i didn't received any msg because previously i got this msg for another PF acct but after i got msg the amount credited within 30 days...but i didn't credited for the above mentioned PF acct
Please give the information ..Please reply contact my email ID

Thanks & Regards
satish kumar D

INDIABULLS IS A FRAUD COMPANY. MR RAMPRASAD, HABSIGUDA, HYDERABAD RELATIONSHIP MANAGER ENROLLED ME AS AN ONLINE TRADING MEMBER. THE FOLLOWING ARE MY GRIEVENCES:
- SOLD OFF ENTIRE PORTFOLIO OF F&O AT MARKET PRICE WITHOUT AUTHORISATION ON 10TH AUG 2007
- TOOK 15 LACS FROM ME IN CASH CONVERTED INTO A THIRD PARTY DD AND CREDITED TO MY ACCOUNT PUTTING LOT OF PRESSURE ON ME TO ALLOW TRADING ON THE NEXT DAY.
- WARNED ME THAT MY POSITION WILL BE CUT OFF AS IT HAS REACHED 95% BUT FAILED TO CUT POSITION AT APPROPRIATE TIME RESULTING IN A DEBIT OF RS 53000 IN MY ACCOUNT

THIS COMPANY IS A FRAUD, AND I SUGGEST CLIENTS TO TAKE AWAY THEIR HARD EARNED MOENY BEFORE LOOSING EVERYTHING TO THIS COMPANY WHICH COULD VANISH AT ANY TIME. THIS COMPANY IS A HABITUAL OFFERNDER OF RULED LAID BY SEBI. THE CHAIRMAN AND THE ENTIRE BOARD SHOULD BE ARRESTED AND TRIED BEFORE AN ECONOMIC OFFENCES COURT.
REGARDS
D. RAVI SANJAY

HARASSMENT & TORTURE BY INDIABULLS TO EXTRACT EXTRA MONEY.
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...⇄

I am also an agrieved party and so am inviting all of those who have been duped to join me in raising a voice against this company and therefore help each other to recover the dues from the company.I feel that if we join hands together and pressurise SEBI and NSE they will be bound to take action against this company based on our strong compliants

my contact no is 64506292

I had a similar experience. However, I persisted with the Relationship Manager for over 10 days. Finally, my losses were made good.