validity of creditworthiness certificate
Ajay Pal Jangra
(Querist) 28 March 2011
This query is : Open
Sir
Please reply my following queries:-
I applied for RO dealership in bpcl co. Panipat. A certificate of credit worthiness was submitted by me. 5 marks were allotted for this. The format was as under& after filling up the required details I produced it before my bank. The bank issued me this certificate with some changes in this format. .Instead of writing {In case, a dealership is allotted to her, we will be willing to extend a loan of Rs. 2000000.00 (Rupees .Twenty Lacs (in words)}
.The bank changed underlined/ bracketed language and wrote this – Sanction of credit facilities shall be considered on merit of the case as per rules of the bank, on receipt of loan application.
I submitted this to the company but the company has not evaluated the same saying that no amount mentioned in the certificate hence not evaluated and zero mark awarded for this during selection procedure.
The condition for this certificate in brochure of the bpcl co. advertisement is as follows-
Credit worthiness
5 marks. Letter ensuring credit: Bank / Financial Institution / individuals / party's letter ensuring credit / Credit worthiness certificate from scheduled Bank / Financial institutions. However, in case of Rural ROs, such certificate issued by any bank can also be
Considered. Credit worthiness certificate (Appendix-A2) from scheduled bank/ financial institutions and / or expressing willingness to extend loan if required
1.If the decision of the selection committee not to evaluate the certificate submitted by me is as per law .
2. If certificate submitted by me does not fulfill the condition of the company.
3. If this certificate is not expressing the willingness of the bank to extend loan if required.
4.If selection committee should evaluate it proportionately by awarding lesser marks instead of full marks or zero mark.
5. If the selection committee does not evaluate it even after my representation, what action should I take and before which authority or court.
6. If any sort of action in consumer court or other court can be initiated against the bank for not providing required service as the bank has charged Rs.600 from me as fee for issuing this certificate.
Original format - APPENDIX- A2
Credit worthiness certificate from the Bankers, from Scheduled bank/Financial institutions be obtained in their letter head in the following format and enclosed with the application
To whomsoever it may concern
Smt. Rani Bala W/o Sh. Ajay Pal is a customer of this bank for last 15 years and she , is enjoying the following facilities of our bank :
a. Saving Bank Account No. 1946000100062018
b. Bank Locker No. S-48/2
c. F.D. No. 194600PQ00000061
During the above period, the dealing of Smt. Rani Bala with the bank and her conduct has been satisfactory. In case, a dealership is allotted to her, we will be willing to extend a loan of Rs. 2000000.00 (Rupees .Twenty Lacs (in words).
Signature Name and Designation : Office Seal : Date
