New Vision Chits Pvt Ltd. — Non Payment Of Chit Fund Amount Since 16 Months Complaint – New Vision Chits Pvt Ltd. — Non Payment Of Chit Fund Amount Since 16 Months

Subject: New Vision Chits Pvt Ltd. — Non payment of chit fund amount since 16 Months
My Name: Swarna Sivaramakrishnan
My City: Ambernath – Thane (Dist)
My Complaint Against: New Vision Chits Pvt Ltd. — Non payment of chit fund amount since 16 Months
Complaint Category: Finance & Investment
Claim Amount (Approx.): 450000.00
My Complaint Description:
Dear Sir/Mam,
It is to inform you all that "new vision chits pvt ltd" is a cheater group of people operating in chit fund business at d-
610, 4th floor, vashi plaza, navi mumbai. I have subscribed in response to the sales talk of executive viz. Mr. Maruti Pandurang Dalvi of the company, in the month of March 2012. Accordingly chit agreement has been entered between as foreman and me being subscriber. I further states that as per the chit agreement where i have agreed to subscribe an amount of rs.12, 500/- (Rupee twelve thousand five hundred only) for the period of 40 months started from month of March 2012. I further states that under the said chit agreement, the chit value was determined rs.5, 00, 000/-.

I further states that as per the agreement, i have made payment of all subscribed amounts every month from March 2012 upto March 2015. I further states that i have been issued ticket bearing no. Nvte-08/10 for monthly subscription. I further states that in the month of February 2015, i have participated in the auction and been declared as the successful bidder. As per the auction, it is the liability of the company to make payment of an amount of rs.4, 50, 000/- to me on or before 28.02.2015.

I further states that under the aforesaid liability, company i. E. New vision chits pvt ltd has issued cheque bearing no. 031838 dated 28.02.2015 respectively for an amount of rs.4, 50, 000/- respectively towards payment of aforesaid liability drawn on Axis BankLTD., Chiplun branch, which was signed by its managing director mr. Maruti pandurang dalvi as a authorized signatories.

I further states that i have presented the above-referred cheques for clearing. However said cheques were returned unpaid by banker for the reasons “funds insufficient”.

I further states that i have informed the directors of the company about bouncing of cheques for want for the reasons “funds insufficient” and been constantly requested to repay my money but deliberately they have not responded and are avoiding legal and law full liability of making payment to the genuine subscribers like me.

Therefore i request this forum to take strict action against such dubious companies who are flourishing and not binding themselves against law full repayment towards honest subscribers as these money are hard earned money and cannot be allowed to be looted by such cheaters. They are making business by keeping themselves beyond the limits provided by law and statues by cheating the public in general which also constitutes social crime.

Currently I am medicaly unfit and needs Funds for my Medical Treatment which is held in S L Raheja Hospital Mahim.

It is my humble efforts to know all public at large about such dubious companies and request not to deal with such companies and avoid incidence of frustration.

Regards,
Mrs. Swarna Sivaramakrishnan.
9860297105 / 9561327560

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