Respected All Members.
Sub: Wrong reporting by Private bank @ RBI WILFUL DEFAULTER LIST for which want to file defermation and criminal case.
We had limits with bank and due to situational and economic conditions the account turned into NPA but the same was attempted to close by mutual OTS in the year 2015, substantial payment was done but as per OTS agreement complete payment could not be met on time, the assets and liabilities were transfered to Asset Reconstruction Company in 2015, later the same was closed by OTS with and as per Asset Reconstruction company by payment as per OTS terms in 2015 after which NO DUE CERTIFICATE was also issued and all collertal were released in the year 2015.
The Bank has Reported in SUITE FILED CASE ABOVE 1 Cr @ RBI WILFUL DEFAULTER LIST the companies name along with directors and promotors in SEP-2016. we have closed the accounts in the year 2015 and the bank has reported the case in Sep-2016 which is quite wrong, first of all its not WILFUL DEFAULTER CASE and the reporting as WILFUL DEFAULTER in rating agencies as well as RBI data has brough us in financial as well as reputational and mental distress. one of the ex directors has also reported us of their loans being rejected by financial institutions for the same reason. We have also reported the issue to RBI OMBUDSMEN, but the bank represented by its executives are denying any wrongful reporting. we have got a communication from the Ex Director who has forwaded the mail as recived from Other bank which reflects the clear message that it has been reported as WILFUL DEFAULTER in Sep-2016. We have different communications from bank where in they have been indirectly accepting and informing that the same has been rectified and to re-check the same, but to our surprise the same is still reflecting, we have been asking bank to accept their mistake and to mail us in clear terams that the mistake was happent and the same was rectified but they are reluctenet to do the same.
A Greviance also has been filed with RBI for the above and a compensation has been claimed for wrong reporting Rs.1 Lac per day from the date of wrong repoting till the date of rectification along with proper communication from bank accepting the mistake and rectification of the same either by email or by post within 7 woring days and if the same is not done after 7 working days we claim compensation of Rs.5 Lac Per Day from the date of wrong repoting till the date of rectification along with proper communication from bank accepting the mistake and rectification of the same either by email or by post.
Based on the above we are planning to file a DEFERMATION AND CRIMINAL SUITE against bank for the above wrong reporting.
Looking for suggesions and advice for the above.
Regards,
Manilal Patel.
JK TIMBER IMPEX PVT LTD / KRISHNA VIJAY SAW MILL. (INDIA)
