Inconsumercomplaints.com » Business & Finance » Review / complaint: Ashok Leyland lorry - Indusind bank (financial section) | News #103453

Ashok Leyland lorry
Indusind bank (financial section)

Under instructions from my father sri kada satyanarayana, s/o. Late saheb of indrapalem, Door. 7-69. Kakinada Rural Mandal, East Godavari district, kakinada, andhra pradesh, I issue this notice to you as follows:

1. My father purchased a lorry bearing No. AP 05y 9698 on loan sanctioned by No.2 in the year

2005. My father cleared of the said loan by way of installments. While so, the said lorry

Developed mechanical trouble and transportations of material is hampered and business is

Badly Affected. My father thought over to purchase brand new lorry and again my father

borrowed Loan of RS.2, 95, 000/-from No. 2. on his lorry bearing No. AP 05y 9698, Contract

No. AKAA03128, and has been paying installments regularly.

2. Accordingly my father purchased a brand New lorry AP 05TU 9294, Contract No.

AKAA03071, Ashok Leyland make and carrying on his business on the said two Lorries of

Ashok Leyland make

3. While so, my lorry AP 05TU 9294, met with motor accident. In addition my father lorry

AP 05y 9698 developed mechanical trouble and is getting repairs in garage shed. Due to

that reason my father could not payment installments for the months of March, june and

july and the said fact is intimated to No.2 .

4. In the mean time No.2 deputed that staff agent Govindu and branch manager Koteswara Rao

seizure of the said lorry AP 05y 9698. my father requested them duly informing difficulties

my father is facing. But they did not heed and bent upon for seizure and keeping watch on said

lorry .in this regard my father sustained heavy loss at Rs.3, 000/- and more a day. Ultimately

the said Govindu and Koteswara Rao seized the said lorry AP 05y 9698 with out seizing

order and took it away to the office of No.2.

5. On 30-03 the said Govindu and Koteswara Rao as well as No.2 called upon my father

to come and attend No.2. Accordingly my father attended to the office No.2 where No.3 is

also present. No.2 and 3 as well as the said Govindu and Koteswara Rao Colluded together a

sale deed was drafted for the sale of the lorry No. AP 05y 9698 for Rs. 6, 85, 000/- in favour

of No.3 with view to cause wrongful lose to my father and to have wrongful gain for No.3. An

amount of Rs. 1, 85, 000/- only was paid to my father and promised to pay the balance amount

of Rs. 5, 00, 000/- in the date of 20-04. But not paid the balance amount till now. No.2

office did neither arrange the payment of balance amount of Rs. 5, 00, 000/-nor did No.2

arrange to return back the said lorry AP 05y 9698 to me till now which is quite illegal and

against the principles of natural justice.


Company: Ashok Leyland lorry

Country: India   State: Andhra Pradesh   City: East Godavari

Category: Business & Finance

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