Agra’s Additional Civil Judge Junior Division 9 has ordered the issuance of summons to 10 people, including the outgoing Managing Director of ICICI Bank, Chanda Kochhar. All have been summoned for trial on December 20. The case is of cheating and illegal recovery.
Padmachand Bansal, a resident of Upadhyay Complex, Shaheed Nagar, presented a complaint in the court of Additional Civil Judge Junior Division 9 under cheating, illegal recovery and other sections. Said in this that he has a business of auto finance. He needed the money. Contacted the Sanjay Place branch of ICICI Bank on this. Bank officials told that the interest rate will be fixed according to the rate of the Reserve Bank. After completing all the documents and formalities, a loan of Rs 33 lakh was approved from the bank on 28 January 2005.
Increase installment after payment
According to Padamchand Bansal, the bank made 120 installments of Rs 41804 per month. Accordingly, Rs 50.16 lakh was to be paid. Despite paying this amount, the installment was further increased. He opposed it. Auto debit account closed. They started paying by cheque. Even after taking the cheque, the bank put auto debit. Increased the interest rate to 16.5 percent. On opposing this, asked for lump sum payment. Also demanded closure charges. The problem was not resolved after complaining to the police officers.
Court ordered to issue summons
The complaint was presented in the court through advocate Narendra Singh Parihar. The court appointed the opposites Director (ICICI Bank Tower Chakli Circle Near Purana Padra Road, Vadodara, Gujarat), Managing Director (Corporate Office Tower Bandra Kurla Bhawan, Bandra, Mumbai), outgoing Managing Director Chanda Kochhar, Sanjay Place Office for the trial of the suit. Order for issuing summons against Regional Manager Amit Chauhan, outgoing Managing Director (Corporate Office Mumbai) KV Kamat, Manager Nitin Palli, Manager Saket Colony Branch Saurabh, Deputy Manager (Branch Noida) Silky Vij, Manager Suresh and Branch Manager Sanjay Place Have done
Expansion
Agra’s Additional Civil Judge Junior Division 9 has ordered the issuance of summons to 10 people, including the outgoing Managing Director of ICICI Bank, Chanda Kochhar. All have been summoned for trial on December 20. The case is of cheating and illegal recovery.
Padmachand Bansal, a resident of Upadhyay Complex, Shaheed Nagar, presented a complaint in the court of Additional Civil Judge Junior Division 9 under cheating, illegal recovery and other sections. Said in this that he has a business of auto finance. He needed the money. Contacted the Sanjay Place branch of ICICI Bank on this. Bank officials told that the interest rate will be fixed according to the rate of the Reserve Bank. After completing all the documents and formalities, a loan of Rs 33 lakh was approved from the bank on 28 January 2005.
Increase installment after payment
According to Padamchand Bansal, the bank made 120 installments of Rs 41804 per month. Accordingly, Rs 50.16 lakh was to be paid. Despite paying this amount, the installment was further increased. He opposed it. Auto debit account closed. They started paying by cheque. Even after taking the cheque, the bank put auto debit. Increased the interest rate to 16.5 percent. On opposing this, asked for lump sum payment. Also demanded closure charges. The problem was not resolved after complaining to the police officers.
Ritika
