Personal Loan Settlement
SuajthaVasudevan
(Querist) 29 September 2010
This query is : Resolved
This is Sujatha, I have availed a personal for (In my name for my friend) 34,000 from Cholamandalam DBS chennai, and she paid 11 EMI. The agents are comming home and misbehaving, using non resoective words. As i am asking for settlement in the bank. Is it possibal to file a suit agains the Agent or the Bank for Not Respecting the human values or violating human rights.
please tell me how to deal with this issues.
Amita Chaudhary
(Expert) 29 September 2010
Mam u can lodge a police compliant in case they misbehave with you or your friend... u can also lodge a compliant with ombudsman banking....
SuajthaVasudevan
(Querist) 29 September 2010
I tied giving a letter in the bank but its of no use.
Y V Vishweshwar Rao
(Expert) 05 October 2010
I agree with Amita Chaudary
Any loan recovery by Banks or their agents with due process of law only . They are not entitled to use force or insult the Debtor. If the same practice is in recovery process the Agent/s will be held responsible for the misdeeds
Parthasarathi Loganathan
(Expert) 07 October 2010
Better settle the account directly with your principal banker instead of seeking redressal such third party harrassments.
