Mahindra Finance — unfair trade practice

Address:	Saran, Bihar, 767017
Website:	www.consumercomplaints.in

Sir,
Research academy for rural enrichment (Rare), sonepur representatives by ashutosh hota, general secretary has availed a vehicle loan from your firm i. E. Mahindra and mahindra finance service limited. On date 30.11.2017 rare has given a cheque for rupees 97976/- towards the down payment for the vehicle loan. On the same day one representatives from mahindra finance and on from minerva automobiles, dealer of mahindra and mahindra has delivered and handed over the vehicle to us at our office premises at sonepur. The cheque for rupees 97976/- has been encased on dated 30/11/2017 bearing cheque no 796517.
Towards the instalment payment of the vehicle 9 post dated cheques were handed over to you duly signed by the same signatories of the cheque for rupees 97976/- which was encased by you.
On 16.01.2018 your office sent a mail to us with an attachment of scan copy of dishonoured cheque and letter given by the bank. The reason for not honouring the cheque by the bank is “drawer’s signature differs”.
After getting the mail we contacted our bank at sonepur where our all transaction are being routed with the same signature.in term, the chief manager, sbi, sonepur contacted the chief manager, sbi, bolangir and apprised the entire matter and advice us to present the cheque again in the bank.
Accordingly we requested your representatives to present the cheque again in the bank because it is within the stipulated time and within the legal framework to draw the provision of section 138 of n. I act. The bank could have been persuaded by your firm for payment against the previous instance on 30th november 2017 without doing that your office bluntly refuses stating that it is not the policy of the firm. This act of yours is totally a unfair trade practice and for that why legal action will not be taken against you.
We have paid rs. 13350/- on date 18.01.2018 towards the instalment against the bounced cheque no 448086 dated 5.1.2018 through online payment via the link provided by your office i. E. https://vehicleloan.mahindrafinance.com/UI/QuickPay.aspx.
Please take notice that return the dishonoured cheque along with the bank letter and eight post dated cheque given by us within 3 days after receipt of the mail. Hence fourth all the instalment will be made through online on due date, if failed, we are legally responsible for prosecution.
Yours
Ashutosh hota
General secretary-cum - ceo
Research academy for rural enrichment (Rare)
Sonepur, dist - subarnapur, odisha
Pin-767017
Mail - [protected]@hotmail.com