Request for advice: harassment & torture by indiabulls

I had taken personal loan from Indiabulls of Rs.25,601/- on 25/5 and repaid Rs.22600/- but just default in one of my EMI of Rs.1800/-, Indiabulls misused my blank security cheque by filling false amount of Rs.28,249/- and they also misused my blank signed loan agreement by filling false figures of 30 installments instead of 24 (Usurious rate of interest more than 60 % p/a.), denied the receipt of some amount debited from my bank.

Even though I tried to settle the dispute by offering reasonable amount pending principal amount and interest amount but to extract extra money from me Indiabulls filled bogus cheque return case in Patiala House Court, New Delhi. As it is tough to defend the false cheque return case traveling from Mumbai to Delhi, Indiabulls forcing me to pay Rs.32,499/- plus uncharged interest. To extract the money company filled thousands of cheque bounce cases in Court. I made several complaints with RBI, RBI from more than 6 months tactically and shamelessly not taking any action against Indiabulls and to protect and please to Indiabulls, neglecting all my complaints on one or another technical ground.

Against my several complaints to RBI by written letters, Emails, Reminders, telephone call RBI just ask reply of Indiabulls, Indiabulls given false statement in the matter and RBI satisfied and not ready to investigate my complaint. The whole system is working with Indiabulls. To earn huge money Indiabulls bring the thousands of poor borrowers to suicidal point. Financial Company openly violate the fair business practice guidelines given by RBI. I request you to please investigate the matter and take appropriate action against financial company. From last six months I am unable to concentrate on my job duty and facing tremendous mental agony due to harassment and torture by Indiabulls.

Who in their right mind would allow anyone to have a blank security check or blank SIGNED loan agreement?

Common sense moment here:

DON’T SIGN A SINGLE THING UNTIL YOU READ EVERY FINE PRINT AND MAKE SURE EVERYTHING IS FILLED IN. IMMEDIATELY PHOTOCOPY WHAT YOU HAVE SIGNED SO YOU HAVE A COPY.

If you signed a blank check and a blank loan agreement, chalk the experience up to “stupid tax” – get an extra job and start paying….. and don’t repeat!!!!

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