A phone ring at early morning 4.00 am to Mr.Nirmal by an bank agent ask him to give the monthly due at 6.00 am at his home. Mr.Nirmal was terrified whose age is 43 was freezes and affected by paralytic after the phone call.
In a case that shocked the nation, ICICI Bank customer and Mumbai resident Prakash Sarvankar, 38, who had taken a Rs 50,000 personal loan, committed suicide last year, holding a recovery agent responsible for his death in his suicide note.
The young couple Mr.Balasubramaniam and Mrs.Subashini who was blessed by two little daughter departed from their lives after the continuous torture of banking agents.
Every day in the metropolitan city and it suburbs thousands of families are affected by the recovery agents. Without knowing the remedy the victims fell prey to matrimonial breakup, suicides, physical and mental illness.
Every individual complaint to the Police station is vain. The Bank deal the customers very demonically. The RBI has framed guidelines to the Bank. The supreme Court has banned the illegal trade practice of the banking agents. Even it continues throughout the country.
The one and the only remedy is the court of Justice. The victims should boldly approach proper court against the recovery agents and the bank. Until bank and its agents continue its harassment in different format.
Every Bank and agent is responsible to the court for his illegal activities. You can curb the illegal measures and protect your peaceful living for the loan you obtain by approaching the court.
This agents haunt even the reserve bank employees in RBI quarters, not even they leave their own managers who was removed from the job. When your right is affected then approach the legal forum to stop illegal payments.
The Authour K.P.Satish Kumar M.L. is the leading Credit card and Personal loan Advocate
For Legal Assistance
TIDDA Helpline- 9962999008
No.2132, Vasantham Colony, Annanagar West, Chennai-600040.
