Auto Loan
Payment of auction proceeds - abnormal delay

Dear Sirs,

It is very unfortunate for me to take Auto Loan thru HDFCBank in April for the purchase of Maruti Alto car under Reference: 1360674. All EMIs were paid but for total three EMIs as on 9.4.09. Your manager Mr Inderasan visited my office at 5PM on 9th April and seized the vehicle without any advance notice or communication what so ever. I have requested for 12 hours time to clear the amount which was denied. Now it is more than 2 months and no payment was received till this date (25.06.09).

In view of your Bank autocratic action in the above matter, Please note that I have suffered a loss of Rs. 1.50 lacs in terms of non availability of transport and thesale at very low price. Therefore I request you to kindly arrange to pay this amount along with the dues within 24 hours. Failing which I will hae no option than to file a legal suite against your Bank.

Please let me have your confirmation on the above by return.

Raghu Ram Pagadala

Company: Auto Loan
Country: India

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