NEWS & ADVICE : CREDIT CARDS
SBI Cards CEO faces arrest warrant for contempt of court
By Ankit Sharma
Aug 5, 2010
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Abhay Kumar, CEO of SBI Cards and Payments Services Pvt Ltd has faced an arrest warrant issued against him and two others. The warrant has been issued based on a complaint filed by lawyer Tushar Mandlekar on charges of contempt of court.

The two other people against whom warrant has been issued include Milind Deshpande of GE Money and Kunal Sani, recovery agent of the same firm.

Mandlekar has lodged the complaint with a consumer court on charges that a bill of Rs 19000 was issued under his name when he did not have any dues to be cleared. He said that he had used the card only on three instances and that he had cleared the outstanding balance in 2006. SBI had also mentioned this within 45 days of payment being made.

Now after the bill was forced on him, he moved to court. The court has decided in his favor and slammed a fine of Rs 7000 on the company. The company did not address the court's orders and continued harrassment of Mandlekar.

Mandlekar said that "The company officials called me up regularly, telling me to pay up. They even sent Kunal Sani, a recovery agent who tried to force his way".

The court has thus given orders of six months imprisonment for the accused trio and Rs 10,000 fine has been put on each on charges of contempt of court.


 


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