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A chronicle of excesses by loan recovery agents in India part 2
I took a personal loan from HDFC bank in April 2005, for 3 years duaration. which expires on april 2008. The loan was taken in my name for the benifit of my wife who wanted the money to buy jewellary. She and her brohter promised to pay the loan instalments every month. I had a heart stroke in May 2005, followng which my wife left me and applied for divorce. I was not aware of the fact that my wife and brohter in law have not been making payments over the loan. One day three youngsters came to my home and abused me very badly. They did not spare me eventhough I told them that I am a heart patient. They threatened me seize TV FRIDGE AND OTHER DOMESTIC UNTESIALS. They threatened me to pay the whole loan amount within two days other wise They come to my work place to abduct me and i have no option except to committ suicisde if they come to my office and abduct me there. I was not shown any decumentary evidence that the cheques were not paid from my account.
How professional goons shall be employed by Banks and pose risk to the life of borrowers.
T. Gvinda Ram (Posted: Nov 15, 2008)
I took a personal loan from HDFC bank in April 2005, for 3 years duaration. which expires on april 2008. The loan was taken in my name for the benifit of my wife who wanted the money to by jewellary. She and her brohter promised to pay the loan instalments every month. I had a heart stroke in may 2005, followng which my wife left me and applied for divorce. I was not aware of the fact that my wife and brohter in law have not been making payments over the loan. One day three youngsters came to my home and abused me very badly. they did not spare me eventhough i told them that i am a heart patient. They threatened me seize TV FRIDGE AND OTHER DOMESTIC UNTESIALS. They threatened me to pay the whole loan amount within two days other wise iThey come to my work place to abduct me and i have no option except to committ suicisde if they come to my office and abduct me there. i was not shown any decumentary evidence that the cheques were not paid from my account.
How professional goons shall be employed by Banks and pose risk to the life of borrowers.
T. Gvinda Ram (Posted: Nov 15, 2008)
I was holding Standard Chartered Bank Credit Card till 1999 and paid all dues in time for which I hold documentary evidences. Despite the fact, my name has been reported to CIBIL as defaulor which has caused unnecessary embrassment to my family and damaged goodwill. What r the avenues to seeking damages/remedy.
SHAUKAT HUSEIN ABDUL REHMAN NAWAB (Posted: Oct 9, 2008)
I was holding Standard Chartered Bank Credit Card till 1999 and paid all dues in time for which I hold documentary evidences. Despite the fact, my name has been reported to CIBIL as defaulor which has caused unnecessary embrassment to my family and damaged goodwill. What r the avenues to seeking damages/remedy.
SHAUKAT HUSEIN ABDUL REHMAN NAWAB (Posted: Oct 9, 2008)



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