Indian Overseas Bank — Indian Overseas Bank Interest amount issue.

Address:

632513

This is Anjala Ranganathan residing in above address, My Son Mr.Saravanan who is the proprietor of SRI SARAVANA FAB Industries, With support of IOB we have taken the Loan for our small scale industry Rs.1500000 (Fifteen Lakhs) on 10.07.2010 from IOB Ranipet Branch .
Unfortunately the company was not operated till the date of establishment because of BHEL orders were not received as we expected and many time we tried but very unfortunate the business was till now not started from the year of 2010 to till date ( 6 years ).
Due to Nil inflow of business orders from BHEL Ranipet we have decided to payback after 3 years the principle amount and 3 years interest we have paid amount of Rs.16, 02, 640 (16.26 L) to IOB on 10.04.2013.
I n continuation of the above we have faced one more unfortunate event of my son MR. Saravanan owner of the SRI SARAVANA FAB Industries expired in the Road accident on 27.03.2014 .
Concern from IOB is right now they are pushing us to pay another Rs. 7.25 L interest amount need to be paid to bank, During this critical juncture we unable to pay back that above said additional interest amount . Even we have given the request letter to IOB bank to discard or reduction in above interest amount but bank not willing to accept our request and they are using unwanted comments when we in front of IOB Bank manager . We know our regard and expecting your advice to accept this request and need your recommendations to IOB for above request.
This is the final move from our side and we do not have any other option to taking up to the our honorable Regional Manager.
Once again humbly we requesting you to please help us in this matter to overcome from the crisis.

Loan Details are given below:-
No: SSI SS S-B A/C
A/C No : [protected]
Type : TL –SSI
Company Name : SRI SANKARA FAB
Anjala.R
(Mob : [protected])