Sree Gokulam Chit & Finance — Company asking for extra payment

Dear Sir,

I had subscribed to chit group G2E/2409/DLL for chit value of Rs.100, 000/- from your chit company on 19/01/2019 and duration of the said chit was 20 installments and the payment of each installment is of Rs.5, 000/-. After bidding the said chit on 19/09/2019 the company issued cheque for Rs.75, 000/- and I received the said cheque. The duration of the chit subscribed by me is 20 installments and ends on 19/08/2020. Meanwhile during the pandemic lock down I had availed the moratorium as suggested by you. Thereafter the outstanding amount as you told towards the closure of the above chit was paid on 20/01/2020. But you demanded me to pay some more amount for closure of the chit .I was ready and willing to pay the arrears if any and I demanded the statement of arrears which you are not ready to give. Reiterating the fact that I’m ready and willing to pay the arrears if any, I should get a statement of the same in writing that how much arrears I’ve to pay towards the closure of the chit. Instead of furnishing a statement, you are threatening me to pay the arrears you are demanding orally and failing of which its consequences. Being a reputed company you are not supposed to behave in this manner to the customers which will smash your benevolence.

Yours truly

Rohith Thayyil
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