I am C.Selvam from Coimbatore ,Tamilnadu availed a car loan For Rs. 3,00,000/, SKODA LAURA,2007 MODEL from Sriram Motor Finance Company for 36 months emi and I paid 15 months emi totally 1,50,000/ and due to financial crieses I could not paid the dues after 15 months and the loan become NPA and Sriram Finance had taken the car back for due payment of 2,75,000/ including all panel interest and other charges and sold out for Rs.2,20,000/ somehow.
Now they asked me to pay 75,000/ as balance amount after deductiing the Rs.2,20,000/ the vechile.
I HAD RAISED THE QUESTIONS before Sriram motor finance company
1. PRE SALE NOTICE?
2.WHAT AND HOW THE RESRVED PRICE IS FIXED AND IF THE AUCTION SALE PRICE SHOLD BE NOT LESS THAN THE RESERVED PRICE? AND TO OBJECT THE RESERVE PRICE FIXATION?
3.WHY HAD NOT GIVEN ME THE CHANCE FOR BUYING FOR RESERVED PRICE BEFORE 30 DAYS OF AUCTION SALE?
4. NO AUCTION SALE NOTICE HAD GIVEN ?
5. SKODA LAURA 2007L & K MODEL IS HAVING MINIMUM PRICE OF RS.3,50,000/ AND HOW THE SRIRAM HAD SOLD FOR SUCH A LESS PRICE?
KINDLYHELP TO FILE A SUIT TO RECOVER THE LOSSES AND RBI norms for NON-COMPLIANCE OFcar seizure