Dear Sir,
I had availed of a loan of Rs.31,825 from a popular finance company, towards the purchase of a PC in April 2008. I had given 12 post-dated cheques for Rs.1928 apart from the down-payment of Rs.12,443.
Due to some issue between their bank and mine a few cheques were not accepted citing - 'not drawn on us'. On the request of their executives, I took back 3 cheques and paid cash towards them.
After the completion of the loan period, I was intimated that one installment remained unpaid. I told them to come and collect cash after returning the cheque, as previously done. But their executives said they had lost the cheque. I told them to give it in writing that they had lost the cheque, and collect the money.
Unfortunately to this day, I haven't received any correspondence from the company regarding the lost cheque. But every once in a while, I get nasty threatening calls telling me to 'pay up or else..'
Even today I was harassed by a gentleman who calls himself their lawyer and was told to be prepared for bad consequences if I didn't silently pay up without any conditions.
Kindly advice me on the legal options I have to confront this issue. On writing to the company I got a mail saying that I owe them late payment charges totaling around Rs.10,000/- even though the amount that is pending due to the cheque loss is only Rs.1928 (one installment)
Please help.
