Fulletron india issue
NSRK Prasad
(Querist) 22 April 2014
This query is : Resolved
I have taken a loan( No idea whether it is business or personal) from Fulletron India in 2008. Term is 30 months and amount is 2.00 Lacs . and at the time of applying they collected 30 Cheques from me and ran away. Still i am in a position to beg them for agreement copy.They enlisted my name and company name and Co-Obligants name as defaulters in CIBIL. Even after several approaches they are not ready to give me a copy of agreement. More over local staff demand is to pay 18,50,000-00( Eighteen Lacs and Fifty Thousands ) to remove our names from CIBIL. I have lodged a complaint to cibil and RBI. I have asked them for Agreement copy, Amortization table for 18.5Lacs, Copy of disbursement cheque, Copy of Pronote what they are saying executed by me to them. They are not ready to give any of these. Some of the cheques they submitted in banks and they got bounced. Now i need a clarification from you. Whether cheques bounced and are in custody of Fulletron had any validity?.Did they proceed against me with the help of them?.Tenure of loan expired on 04-11-2010.Last cheque they submitted and bounce d on 14-11-2008. I came to know cheques with CTS facility will be valid after 2010 April 2010 onwards. But i have not submitted any of such a type of cheques to them.They are saying they sent some legal notices to me but i have no guarantee for receipt of them. What is the role of Pro-Note in this.They never proceeded legally to any court against us as on date.I didn't get any notices from any court as on date. I don't know the date of execution and even other conditions of this.Everyday we are getting threat and harassment from their local staff. What type of consequences i and my coobligant have to face in this regard. I need an experts advice on this from this great website. Regards NSRK Prasad.
ajay sethi
(Expert) 23 April 2014
claim is barred by limitation . if last payment were due in 2010 and no case filed till date they would not b e able to recover any money from you unless you have acknowledged your liability
Rajendra K Goyal
(Expert) 23 April 2014
If you have not paid any money in your loan account under your signatures in last three years, nothing in written acknowledging the debt was given by you the loan is time barred. You should confirm whether they have filed any case in court and decided ex-party.
However, they can fill the date in any of your blank cheque and claim the loan was acknowledged indirectly.
try to get the full information.
NSRK Prasad
(Querist) 23 April 2014
Thanks for your reply. What is the role of Promissory Note what they are blackmailing now? We didn't have any details of this. Regards
T. Kalaiselvan, Advocate 
(Expert) 24 April 2014
The promissory note also has the same status. If they have filled up the promissory note in their favor, they should have issued you with a legal demand notice and then only they can approach court of law for recovery of money. If the company's people resort to any other way of illegal demands, approach police with a complaint describing their mode of threats and seek protection.
