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Thread: Shriram City Union Finance

  1. #1
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    Default Shriram City Union Finance

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    CONSUMER complaint NO. 116
    OF 2008

    Between:
    Veeramalla Sharat Babu, S/o. Buchi Rama Rao, age 42 years, Occ: Business, R/o. H.No. 9-4-182, Srinagar Colony, Karimnagar, Karimnagar district.
    …Complainant
    AND
    1. Shriram City Union Finance Ltd., H.No.2-3-185/1, 1st Floor, Kaman Road, Karimnagar-II, Rep. by its Manager.
    2. Shriram City Union Finance Ltd., Head Office, H.No.3-6-478, 3rd Floor, Anand Estates, Himayathnagar, Hyderabad – 500 029.
    …Opposite Parties

    This complaint is coming up before us for final hearing on 24-4-2009, in the presence of Sri A.Prabhakar Sharma, Advocate for complainant and Sri E. Raja Reddy, Advocate for opposite parties, and on perusing the material papers on record, and having stood over for consideration till this day, the Forum passed the following:
    ::ORDER::

    1. This complaint is filed under Section 12 of C.P. Act, 1986 seeking direction to the opposite parties to return the Tractor bearing no.AP-07-AK-5542 to the complainant and to award damages of Rs.1,00,000/-.

    2. The brief averments of the complaint are that the complainant purchased second hand Tractor by availing loan of Rs.3,50,000/- from the opposite parties and the said loan was released on 15-3-2008 as the complainant executed an hypothecation agreement by creating charge over the said Tractor. As per the terms of the loan agreement the complainant agreed to repay the said loan amount in 35 monthly installments of Rs.15,264/- each commencing from 16.4.2008. After availing the loan the complainant paid only one installment and failed to pay the installments for the months of May and June 2008 as he got the vehicle repaired by spending amount of Rs.32,354/-. It is further submitted that the complainant used the Tractor for the purpose of ploughing the land of villagers by charging amounts. On 20.7.2008 the opposite party no.1 seized the Tractor without any notice on the ground that he committed default in payment of the monthly installments. It is further submitted that he approached the opposite parties to return the Tractor by receiving the monthly installments, but the opposite parties refused to return the same and made efforts to sell the Tractor in open auction. He also got issued a Legal Notice on 25.7.2008 demanding the opposite parties to return the Tractor by receiving the arrears of installments, but on receipt of the Notice the opposite parties sent a reply demanding the complainant to pay all the installments upto the date of payment. It is further submitted that the complainant obtained a D.D. for Rs.45,792/- on 19.8.2008 in favour of opposite party no.1 and requested the opposite parties to release the vehicle, but they did not do so and thereby the opposite parties committed deficiency of service. Therefore, the complainant prayed for an order to return the Tractor and to pay the damages of Rs.1,00,000/-.

    3. The opposite parties filed counter submitting that the complainant is not a consumer as he purchased the Tractor for the purpose of business. It is further submitted that the complainant availed loan of Rs.3,50,000/- under hypothecation agreement bearing no.ISNRTRKM.200390/08 Dt: 15.3.2008. The complainant produced one G.Sathyanarayana as guarantor for the said loan. As per the terms and conditions of the loan agreement the complainant undertook to repay the loan in 35 monthly installments of Rs.15,264/- each installment. At the time of sanctioning the loan, the complainant paid one installment as advance and paid another installment for the month of April 2008. The complainant committed default in payment of monthly installments from May 2008. Therefore, the opposite parties sent several notices demanding him to pay the installments regularly failing which the vehicle will be seized. Inspite of the said notice the complainant failed to pay the same. Therefore, the opposite parties took possession of the vehicle from the complainant on 20.7.2008. Thereafter the opposite parties took steps for sale of the Tractor to recover the loan amount by publishing sale notice in Eanadu Daily News Paper. A pre-sale notice Dt: 5.8.2008 is also issued by the opposite parties to the complainant and his guarantor. Inspite of service of several notices the complainant failed to pay the installments and filed the present complaint with false allegations. Since the complainant is a defaulter he is not entitled for the relief sought in the complaint. There is no deficiency of service on the part of the opposite parties, hence the opposite parties prayed for dismissal of the complaint.

    4. The complainant filed his Proof Affidavit reiterating the averments of the complaint and filed the documents which are marked as Ex.A1 to A5. Ex.A1 is the office copy of Legal Notice Dt: 25.7.2008. Ex.A2 is the postal acknowledgement card Dt: 26.7.2008. Ex.A3 is the Reply Notice Dt: 8.8.2008. Ex.A4 is the Banker's Cheque bearing no.000124 for Rs.45,792/- Dt: 19.8.2008. Ex.A5 is the Xerox copy of R.C. Book Dt: 5.2.2007.

    5. The opposite party submitted the Proof Affidavit of its Karimnagar Branch Manager reiterating the averments of the counter and filed documents which are marked as Ex.B1 to B8. Ex.B1 is the office copy of Legal Notice by opposite party no.1 addressed to complainant Dt: 26.6.2008. Ex.B2 is the returned postal cover addressed to complainant Dt: 5.4.2008. Ex.B3 is the acknowledgement card of guarantor Dt: 5.8.2008. Ex.B4 is the pre-sale notice Dt: 5.8.2008. Ex.B5 is the returned postal cover addressed to complainant Dt: 8.8.2008. Ex.B6 is the acknowledgement card of guarantor Dt: 8.8.2008. Ex.B7 is the office copy of Legal Notice Dt: 8.8.2008. Ex.B8 is the Acknowledgement card serves on advocate for complainant.

    6. The points for consideration are:
    (1) Whether there is any deficiency of service on the part of opposite parties?
    (2) If so, to what relief the complainant is entitled?

    7. It is contended by the complainant that he availed loan of Rs.3,50,000/- from the opposite parties under Hypothecation Agreement to purchase Tractor by agreeing to repay the same with finance charges in 35 monthly installments of Rs.15,264/- each commencing from 16.4.2008. He used the Tractor for commercial purpose and he spent Rs.32,354/- to repair the same due to which he could not pay the monthly installments regularly, but paid only one installment for the month of April 2008. The opposite parties seized his vehicle on 20.7.2008 as he did not pay the installments. Thereafter the complainant got issued a Legal Notice under Ex.A1 Dt: 25.7.2008 requesting the opposite parties not to sell. The opposite parties sent a reply under Ex.A3 Dt: 8.8.2008 demanding the complainant to pay the installments upto date for release of the vehicle. Thereafter the complainant obtained a Bankers cheque on 19.8.2008 for Rs.45,792/- and requested the opposite parties to release the vehicle. Inspite of it the opposite parties failed to release the vehicle, therefore the complainant sought direction to release the vehicle and also to award damages of Rs.1,00,000/-.

    8. It is contended by the opposite parties that the complainant has committed default in payment of monthly installments. Therefore, demand notice under Ex.B1 was issued calling upon him to pay the installments for which he did not respond. Therefore, a pre-sale notice was issued under Ex.B4 on 5.8.2008 demanding the complainant to pay all the installments for release of the vehicle failing which it will be sold in auction. Inspite of it the complainant failed to pay the same and while the opposite parties is taking steps for sale of the vehicle in an auction, the complainant filed this complaint. Since there is no deficiency of service the opposite parties prayed for dismissal of the complaint.

    9. As per the contentions of both the parties to the case it is an admitted fact that the complainant availed loan of Rs.3,50,000/- from the opposite parties on 15.3.2008 under loan agreement and the complainant agreed to repay the same with finance charges in 35 monthly installments of Rs.15,264/- each commencing from 16.4.2008. A perusal of contents of the complaint itself discloses that the complainant paid only one installment for the month of April 2008 apart from one advance installment and thereafter did not pay the subsequent installments as he incurred expenditure to repair the Tractor. Having agreed to repay the loan amount in regular installments, the complainant is under an obligation to pay the same regularly. A perusal of Notice under Ex.B1 Dt: 26.6.2008 discloses that the opposite parties demanded the complainant to pay the arrears of installments on or before 3.7.2008, failing which the vehicle will be seized and it will be sold in an auction and inspite of it the complainant failed to pay the arrears. Therefore, the opposite parties seized the vehicle on 20.7.2008 and served pre-sale notice under Ex.B4 Dt: 5.8.2008 calling upon the complainant to pay the arrears within one week for release of the vehicle, failing which the vehicle will be sold in auction. The complainant instead of clearing of the arrears filed this complaint along with Injunction petition not to sell the vehicle. This FORUM directed the complainant to pay 3 months installments vide order Dt: 27.8.2008 in I.A.No.290/2008 but the complainant did not deposit any amount in compliance with the said orders.

    10. A perusal of contents of the counter and also Proof Affidavit of the opposite parties it is established that the complainant committed default in payment of the monthly installments. It is also established that the Tractor seized by the opposite parties is not sold in auction and it is with the opposite parties. As per the terms and conditions of the loan agreement the opposite parties have got every right to take possession of the vehicle in case the complainant fails to pay the installments regularly and they are at liberty to sell the vehicle in auction to recover the loan amount. Since the complainant himself is defaulter and never evenced any interest to perform his part of contract as agreed upon and violated the conditions, he cannot seek any relief against the opposite party. Even he has not rectified his conduct inspite of giving several opportunities by the opposite party to enable him to pay the installments and take the possession of the vehicle. As the complainant did not approach the Forum with clean hands, it cannot be said that there is any deficiency on the part of opposite party and the complaint is liable to be dismissed with costs of Rs.500/- and he is at liberty to take his expired Banker's Cheque Dt: 19.8.2008.

    11. In the result the complaint is dismissed with costs of Rs.500/-.

  2. #2
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    Default Shiram City Union Finance

    Shaik Khaleel Ahamed, S/o Gulam Mahaboob,

    aged 43 years, D.No. 5/151, Nabikota, Akkayapalli,

    Kadapa, Kadapa District. ….. Complainant.

    Vs.



    1) Shriram City Union Finance Ltd., Rep. by its

    Branch Manager, C/o Shriram Chit Funds Ltd.,

    Near Apsara Theatre, Chinnachowk, Kadapa,

    Kadapa District.

    2) Asst. General Manager, Shiram City Union Finance Ltd.,

    zonal Office, Near Rayalcheruvu Road, Tirupati.

    3) Chief Executive, Shriram City union Finance Ltd.,

    C/o Shriram Chit Funds Ltd., 3/6478, 3rd floor,

    Anand Estates, Liberty Road, Opp. Indian Bank,

    Himayatnagar, Hyderabad. ….. Respondents.

    O R D E R


    2. The brief facts of the complaint is as follows:- The complainant purchased one Yamaha Crux two wheeler worth about Rs. 30,500/- on 8-8-2006 with finance availed from R1. The complainant had paid Rs. 10,500/- towards down payment and R1 provided finance for the balance amount. The agent of R1 got opened S.B Account in the name of the complainant at Head Post Office, Kadapa and took cheque book and obtained signatures of the complainant on cheques and informed that R1 would encash cheque for Rs. 1,440/- each. The agent of R1 directed the complainant that he had to pay the amount for 20 cheques of Rs. 1,440/- each. But he received 24 cheques instead of 20 cheques without informing the complainant. The complainant did not observe the same.

    The complainant was remitting the cash in postal account from the date of finance to satisfy the cheques sent by R1 towards instalments. Due to ill health, the complainant could not maintain the balance in his postal account for a few months. Suddenly around 8.30 p.m on 29-10-2008 about 5 to 7 members under the pretext of recovery squad from R2 came to the complainant and high handedly took away the two wheeler bearing registration No. Ap 04 L : 3131. On account of it the complainant lost his prestige in the locality, on the next day the complainant approached the R1 and informed about seizure of the vehicle by R2. The R1 informed that the complainant had to pay Rs. 24,600/- towards finance amount. The complainant went to the Post Office and checked the payment made by him through cheques. On verification the respondents received 16 cheques of Rs. 1,440/- each totaling Rs. 23,040/- till September 2008. It was informed to R1 and the complainant represented that he had to pay the amount for four cheques. R1 demanded for payment of Rs. 24,600/-. The complainant cleared 16 cheques and he had to pay Rs. 11,520/- i.e. Rs. 1,440 X 8 as the remaining amount. The complainant was ready to pay the amount towards final settlement.

    The R1 did not agree but demanded more amount. Atlast the complainant approached R2 & R3 and ultimately he got issued notice dt. 13-2-2009 calling upon respondents to receive the balance amount of Rs. 11,520/- and deliver the vehicle and also pay Rs. 30,000/- towards damages. The respondents did not give any reply. Therefore, the complaint was filed directing the respondents to receive Rs. 11,520/- and delivery the vehicle to the complainant and pay Rs. 30,000/- towards compensation for mental agony and Rs. 2,000/- towards costs.


    3. The R1 filed a counter adopted by R2 & R3 with a memo. The total invoice value of the Yamaha Crux two wheeler was Rs. 37,300/- but not Rs. 30,500/- as mentioned by the complainant. It was not correct that the complainant paid Rs. 10,500/- towards down payment as per the instruction of the agent of R1. The complainant paid Rs. 10,164/- and Rs. 839/- was deducted towards up front financial charges (processing fee) and remaining was towards initial payment. The complainant did not pay Rs. 10,500/- towards down payment. The respondents had no knowledge that the agent of the R1 got opened S.B. Account in the name of the complainant in Head Post Office, Kadapa and took cheuqe book in the name of the complainant.

    It was not correct that the agent of R1 obtained 24 cheques for Rs. 1,440/- each instead of 20 cheques without informing the complainant. It was not correct that the complainant did not observe the number of cheques in cheque book. The complainant had to prove that he was remitting cash in Head Post office to satisfy the cheques sent by the R1. It was not correct that 5 to 7 persons of the R1 came to the complainant on 29-10-2008 around 8.30 p.m stating that they were recovery squad from R2 and took away the two wheeler high handedly. The vehicle was seized on 30-10-2008 but not on 29-10-2008. It was not correct that the staff of R2 expressed that the complainant had to pay due of Rs. 24,600/-. The complainant signed on the proceedings at the time of seizure of the vehicle on 30-10-2008. The complainant availed a loan of Rs. 27,975/- and executed hypothecation loan agreement. The complainant availed Rs. 27,975/- on 8-8-2006 repayable with interest @ 11.75% which was equivalent to Rs. 6,571/- and the total amount was Rs. 34,560/-.

    It was payable in 24 monthly instalments @ Rs. 1,440/- p.m. The first instalment was commenced on 7-9-2006 and the last instalment was on 7-8-2008. About 10 cheques out of 24 cheques were honoured for Rs. 23,040/-. The remaining 8 cheques were dishonoured for Rs. 11,520/-. Thus the balance due amount was Rs. 11,520/- towards 8 installments. The complainant was liable to pay Rs. 200/- towards cheque return charges. The complainant agreed to pay 2.5% p.m on the outstanding instalments. 8 Cheques were presented by the complainant were dishonoured and hence, the complainant was liable to pay 2.5% p.m on the outstanding insalments. The complainant was a chronic defaulter. The vehicle was seized on 30-10-2008 and so he was liable to pay Rs. 5/- per day for parking charges up to 23-5-2009 i.e. Rs. 1025/-. The complainant had to bind on the conditions laid in the hypothecation agreement.

    There was no deficiency of service on the part of the respondents. Thus the complaint may be dismissed with costs. Hypothecation was not a statutory creation. Under hypothecation, charge had been created. In view of hypothecation the goods hypothecated should be taken into possession. Thus the complainant had to approach Civil Court of law for his rights under mercantile agreement. The District Forum, Kadapa had no correct jurisdiction.


    4. On the basis of the above pleadings the following points are settled for determination.

    i. Whether there is any negligence and deficiency of service on the part of the respondents?

    ii. Whether the complainant is entitled to the relief as prayed for?

    iii. To what relief?

    5. On behalf of the complainant Ex. A1 to A8 were examined and on behalf of the respondents Ex. B1 to B6 were marked. No written arguments have been filed by either party.

    6. Point No. 1 & 2 The complainant purchased one Yamaha Crux two wheeler on 8-8-2006 for Rs. 37,300/- financed by R1 and paid Rs. 10,500/- towards down payment and agreed to pay Rs. 1,440/- each by way of cheques and gave 24 cheques to the agent of R1 and requested him to withdraw Rs. 1,440/- each by way of cheque and pay to the R1. The account was opened in head Post office, Kadapa. By September 2008, the complainant paid Rs. 23,040/- by way of 16 cheques of Rs. 1,440/- each. It was informed to R1.

    The complainant represented that he had to pay only the amount under four cheques i.e. total 20 cheques of Rs. 1,440/- each instead of 24 cheques. But R1 demanded Rs. 24,600/- towards finance due. In complaint para – 4 and para – 5 and in prayer Column under para – 9 the complainant admitted that he had to pay balance amount of Rs. 11,520/- towards final settlement under 8 cheques of Rs. 1,440/- each. So the total recovery was under 24 cheques as alleged by the respondent but not 20 cheques as stated by the complainant. While so on 29-10-2008 some people named as recovery squad from R2 came to the complainant and high handedly took away the two wheeler bearing registration No. AP 04 L : 3231. The respondents contended that it was not taken into possession high handedly but it was with the consent of the complainant by way of consent letter under Ex. B5, dt. 21-10-2008.

    The vehicle was seized on 30-10-2008 by way of letter obtained from the complainant under Ex. B6. Ex. B5 and B6 were Xerox copies of consent letter and seizure letter. At the time of purchase the R1 took a pro-note for Rs. 27,975/- with interest @ 11.75%. The Xerox copy of pro-note dt. 8-8-2006 was Ex. B3. Ex. B2 was Xerox copy of loan cum hypothecation agreement executed by the complainant in which also the cost of the vehicle was shown as Rs. 27,975/- and monthly installments were 24 payable by way of cheques for Rs. 1,440/- each commenced with first insalment on 7-9-2006 and last instalment was on 7-8-2008. The Xerox copy of loan cum hypothecation agreement was Ex. B2, which was also singed by the complainant.



    7. The respondents filed Ex. B1 a Xerox copy of ledger account extract. The complainant filed Ex. A1 delivery certificate of the two wheeler. Ex. A2 is the copy of account extract issued by head Post office, Kadapa for S.B. Account of the complainant. Ex. A6 was Xerox copy of postal saving pass book. Ex. A3 was office copy of registered notice. Ex. A4 was postal receipt and Ex. A5 was postal acknowledgement.



    8. The respondents claimed Rs. 20,465-40Ps as on 23-5-2009 as due amount from the complainant under heads payable cheques of 8 X 1,440/- = Rs. 11,520/-, Cheque return charges Rs. 200/- each = Rs. 1600/-, additional finance charges @ 2.5% p.m = Rs. 6,320-40Ps, parking charges @ Rs. 5/- per day from 30-10-2008 to 23-5-2009 of Rs. 1,025/-. In view of Ex. B5 & B6 the respondents took possession of the vehicle by way of seizure with consent of the complainant. More over the complainant was in due of the loan availed from R1 i.e. Rs. 11,520/-. The same was admitted by the respondents in their counter.

    In complaint the complainant filed the complaint directing the respondents to receive Rs. 11,520/- from him and deliver the vehicle. The complainant would have deposited the said amount at the time of filing of the complaint to prove his bonafides in the forum. But he did not do so. He would have at least sent the said amount by way of D.D. to the respondents before filing of the complaint and it was also not done. The respondents did not file any letter from the Head Post Office, Kadapa that 8 cheques were dishonoured with sufficient reasons. Therefore, the respondents are not entitled for Rs. 200/- per cheque as cheque return charges totaling Rs. 1,600/-. When the vehicle was seized in view of hypothecation the financier would become the owner of the vehicle and hence, there was no scope to pay any parking charges by loan borrower to the financier who would became the owner until all the instalments were repaid.

    The claiming of parking charges would not arise. The owner of the vehicle would keep the vehicle in his parking place of the house and hence to whom the owner would pay the parking charges. It is the question?. Therefore, payment of parking charges would not arise. Since the respondents failed to prove that the cheques were dishonoured, there was no scope to them to claim 2.5% as additional finance charges per month. The respondents had no scope to claim all these charges by way of counter without paying any court fee in a separate complaint. As the complainant admitted to pay Rs. 11,520/- it was his duty to deposit the amount as discussed earlier. The respondents had not issued any notice to the complainant to pay Rs. 11,520/- and take back the vehicle. The financier would generally reject to receive the amount in lupsum from the borrower, with a view to get some unlawful gain. When the complainant approached the respondents to receive the amount they rejected. Thus there is deficiency of service on the part of the respondents. Hence, the points are answered accordingly.



    9. Point No. 3 In the result, the complaint is allowed, directing the complainant to pay Rs. 11,520/- (Rupees Eleven Thousand five hundred and twenty only) by way of D.D within 30 days from the date of receipt of this order to the respondents who are directed to deliver the vehicle to the complainant after taking acknowledgement, immediately on receipt of the D.D from him. The complainant is not entitled to any compensation and costs.

  3. #3
    Unregistered Guest

    Default Complaint to Shriram city union

    Hi,

    I am Rahul from chennai. I had bought a Desktop fron Modern Computers financed by Shriram City Union. In Jan, 2009 one of my Cheque got bounced and i paid for that one. Last July, 2009 i had closed my loan and i settled all the amount to Shriram, but they still misusing my cheques and they are debited my cheque and it's getting bounced. instead of that i loosing some bouncing charges and also they have my one month emi in their hands. I asked with the Shriram employee they are neglecting to return my funds. Kindly advice me to what to do.


    Thanks & Regards

    Rahul. H
    rahul.haridas@rediffmail.com
    97909 51021

  4. #4
    Unregistered Guest

    Unhappy laptop finance

    i have financed a laptop in 2007 from sriram finance at that time the company executive told me that ur interest rate is flat 6% per annu. After finace they are charging 30 - 40% i'm declined to pay EMI and i told to take ur laptop, after 2years they have took its laptop and giving me surrender form at that time i asked them to give me NOC they told me u'll get in 15 days . after 15days i asked them for NOC now they r telling me u'll not get NOC and now u have to pay 64000/- rs rest amount then u'll get ur NOC, in this what i have to do. Please suggest me.

  5. #5
    Sidhant's Avatar
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    Default

    Quote Originally Posted by Unregistered View Post
    i have financed a laptop in 2007 from sriram finance at that time the company executive told me that ur interest rate is flat 6% per annu. After finace they are charging 30 - 40% i'm declined to pay EMI and i told to take ur laptop, after 2years they have took its laptop and giving me surrender form at that time i asked them to give me NOC they told me u'll get in 15 days . after 15days i asked them for NOC now they r telling me u'll not get NOC and now u have to pay 64000/- rs rest amount then u'll get ur NOC, in this what i have to do. Please suggest me.
    30% - 40 % :@ , have you any proof that support your statement ?

  6. #6
    Unregistered Guest

    Thumbs down Amount debited despite the full settlement done

    I have taken finance through shriram city union for my bike that i bought in EVS motors ( Pollachi, coimbatore dist) for the amount of 30000rs. The amount has been splitted as 3000 rs in the tunure of 10 months( i have given 10 cheques). Fortunately i have made complete settlement in the month of june and we received NOC notice stating that full amount paid and hence the cheque will not submitted to HDFCBANK for the further process( i didnt get my cheques from shriram city union) .

    However the above said committed items was not happen by shriram city union staff. They submitted the cheques this month and debited from my account. I brought the same regard to their notice last week and enquired the same. The response which they given was un accpetable and the deadline also over.

    Since i am working out of india could not meet them directly and make call often. To arrest this right away i will wait upto 25th Aug,10 and take this concern to police to close this raised request.

    Take necessary steps to close this regard for smother relationship,otherwise you will face consequences.

    Note: I have all enough evidence to produce to the police station

    Branch manager : Manokar
    Mobile number : 9994147328
    amount settled to the person : David
    Branch : Pollachi
    District : Coimbatore

  7. #7
    Unregistered Guest

    Unhappy Complaint to Shriram city union

    Sir,
    Sub: Request for NOC certificate & RC –submitted.
    Ref: Your contract LAN No. TWKRK003004106 dated 28-07-2006 in the
    Name of M. Raja Mohamed, Loan expire on 07-04-2008.

    *********************************
    With reference to the above as you are aware I have been availing Credits from Your esteemed Organization in the past 15 Years to meet my urgent need of funds in my business activity. So far I am maintaining my transactions in Prompt Manner. I have availed the two wheeler loan and settled all the dues on 07-04-08.
    Considering Our Long Standing Business Connection and satisfactory level of commitment of our past dues, we request your special consideration for waiver of your charges. Kindly release the NOC and RC Book immediately.

  8. #8
    rajamohamed is offline Junior Member
    Join Date
    Sep 2010
    Posts
    1

    Default

    Dear Sir,
    Sub: Request for NOC certificate & RC book for Two Wheller.
    Ref: Your contract LAN No. TWKRK003004106 dated 28-07-2006 in the
    Name of M. Raja Mohamed, Loan expire on 07-04-2008.
    *********************************
    With reference to the above as you are aware I have been availing Credits from Your esteemed Organization in the past 15 Years to meet my urgent need of funds in my business activity. So far I am maintaining my transactions in Prompt Manner. I have availed the two wheeler loan and settled all the dues on 07-04-08.
    Considering Our Long Standing Business Connection and satisfactory level of commitment of our past dues, we request your special consideration for waiver of your charges. Kindly release the NOC and RC Book immediately.

  9. #9
    Unregistered Guest

    Default NOC of two wheeler loan not issued

    I am pankaj kumar,a government teacher, resident of kotkapura. I had got a HERO HONDA BIKE financed by your company from FARID SERVICE STATION, FARIDKOT,PUNJAB on 27/09/2008. I have paid all my dues till january 2010 by my cheques of HDFC bank. But still I Have not recieved my NOC. I want company's nearest branch (i.e. MOGA, PUNJAB) to contact me on my phone no. 9463236213. OR give me the address of MOGA branch so that i can get my NOC.

  10. #10
    v.srikanth Guest

    Default kindly refund my aumount & documents

    sir/madam
    I V.SRIKANTH, s/o Dasharath, R/o.Plot.no.28 santhoshma nagar colony near DAV Publi School,
    Vinayaknagar Neredmet, Hyderabad-500056, Moblie no.9908151999, hereby request you to refund my EMI aumount & documents.

    I am apply for Four wheeler car loan for shriram city union finance Ltd..., and the company sanctioned by me loan no.CWFIMIYR00000089 of Rs.200000/- Cheque was relised the company, But i could not Receive Cheque, and also 1st instelament Rs.9333/- cut out my Account in the bank ORIENTAL BANK OF COMMERCE. cheque bearing No.007025. Dated: 09/04/2010

    Now I do want to loan and allread cancalated the above said loan, and kindly refund the my cut out 1st Instalment of Rs.9333/- & documents
    i asking our branch Miyapur it a no respond our branch people
    thanking you
    V.SRIKANTH
    yours sincerely
    (Of the Applicant)

  11. #11
    Unregistered Guest

    Default noc not given so far

    i vln chenulu taken a two wheeler loan vide agreement no. 3349tw frkom kukatpalli branch hyderabad, i have givven ecs mandate , my last emi was in the month of dec 2010, oneday i have recd aa message stating tyhat my cheque got bounced ,but the fact is that no cheque of mine got bounced during that month, for that i have taken the bank statement from my andhrabank and submitted the same to mr. suresh, who happens to be the two wheeler loans manager, and on their request i paid the last emi byway of cash vide pt no. 94680021279 dated 22/12/2010. after that they told me that i will get the noc in onemonth period, since then i am regularly visiting the office for the noc, nobody is there to solve my problem, even today i visited the kukatpalli branch, but the dm and manager mr.suresh both were not in the office,look into the matter and do the needful at the earliest.
    thannking you.
    vln chenulu
    405,sobhaba towers,vv nagar colony,kukatpalli,hyderabad-500072, vlnchenulu@drediffmail.com. ph.08019131715.

  12. #12
    mohd haneef Guest

    Post Cheat shri ram city union fin.hyd malkachgari branch.

    D.CHUQE.NO,243676,contract deatels, my vhicle no,AP13G3783,mohd haneef,

  13. #13
    Goutham kumar borker Guest

    Default Bike loan

    Respected sir,
    My name is B.Goutham Kumar R/o Adilabad iam take bike loan last year December-2010.My EMI Due for 4 months Bcz my health noy fine that time iam take medical leave.that time iam not paid my EMI.still in this month call from ur branch and say to ur due over so hand over the bike.with out any notice.iam also 19 march complte in ur mail but not responce.iam previous 2 times take bike loan.this is 3 rd time.iam agree to pay my due amount on 3rd april 2011.bcz in this month not pass any bills still also my bills penting at DTO

    THANKING YOU SIR

    Yours faithfully
    B.Goutham Kumar
    Adilabad.
    9948150516
    kumargoutham33@gmail.com

  14. #14
    Unregistered Guest

    Default complaint on finace

    Nellore,
    25/04/2011.
    To
    Sir Ram city,
    Respected sir,
    I Mr Badri.Hari Babu having an loan account holder No CTFNELL20001737.
    Sir I have taken loan 1cros Rs in your companey deted 1-03-11. Whill take the amount I asked your executives the date of payment every month. They told me 15th of every month. But also I asked them that I am taking the amount at 1st march so up to due date you are going to charge. They told me that 1st month from date of Issues the charges up to 15th will be the principle and Interest will be charged from next month every 15th we will present the cheque . But here 1st month it self they have charged the whole amount of intrest and principle including the 16 days. I hope you understand 16 days intrest in not a small amount it comes more than a Rs.1,20,000.00/- .
    I have also deposited 3 Lakhs of amount in your Insurance company and also paying for 50 Lakhs of Rs. Chits 2 numbers of chits.
    Still now I din’t get any type of xerox agrements papers and xerox documents of my site. I don’t won’t to explain more in this matter. Sir I hope you will take very nessary actions in this regard .

    Thanking you sir.

    By:
    Badri.Hari Babu.

  15. #15
    Unregistered Guest

    Default Excess charged emi

    I purchased Refrigerator & Washing Machine from ARASAN ELECTRONICS, 100 ft ROAD, @@@@HIPURAM,CBE on 26.10.2010. They arrange finance from Sri Ram City Union Finance (P) Ltd. I paid Rs.6740/- as initial amt. But they shows only Rs.3596/- as initial amt & charged EMI Amt excess as Rs.1798/- in Lieu of Rs.1468/-. I need refund from the above conern.

    Kindly do the needful.

    Thanks & Regards,
    Revathy
    Mob: 9994549056

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