| Name of Complainant | |
| Date of Complaint | January 17, 2020 |
| Name(s) of companies complained against | sri mahalakshmi cottex |
| Category of complaint | Banking |
| Permanent link of complaint | Right click to copy link |
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Dear sir,
I would like to complain about the behaviour of the staff Mr.sivakuamar subramania Rao coimbatore Mobile 9843012371 of kotak mahindra bank, As i have opened a current account inthe year 2018, and doing business up to the tune of 4 crores with proper submission of GST as per norms of the trade,seeing the turn over and money flow i was approved to take a business loan for 19,20,000/- and i have paid my EMI of Rs.73819/- every month and up to september i have paid the EMI promptly, To my astonishment a legal notice was initiated by one Mr.Rao and i got the arbitration Notice from so called arbitrator C.Prasanna venkatesh from chennai with out any contact number and received the notice and replied it through proper channel and it was found that the arbitrator was from kotak bank.
In the mean time on 02/11/2018 an RTGS of 3,50,000/- was initiated to the central bank from kotak current account No:276893628 and the mentioned amount did not reach the customer in coimbatore and UTR no: generated was false and frivolous and after contacting the base branch in salem, kotak mahindra bank,5-330 sonia plaza ground floor,state bank colony, Junction main road, salem-636005 many times i was informed that the amount is in RTGS cell Mumbai,but with constant follow up for more than14 months still the amount has not been credited to my account and i was told to contact with Banking ombudsman mumbai
but i couldn’t retrieve the amount with out kotak Bank’s effort and hence i made many attempts to retreive the amount, asking for the kotak bank’s efforts i complained with competent authorities and asked the EMI collection staff with patience but i was treated in a abusive way and with much derogation i stopped paying my EMI,in between that i got a one sided award of arbitration from kotak bank’s lawyer who is paid by the bank.
And adding to the woes of the consumer a cheque was presented on06/01/2020 for 18,70,000 for their astonishment i have given a stop payment to the cheque before september.So raging with anger above said Mr.Rao sent two hooligans naming Mr.Thangavel,
Mr.Sridhar who came to my office on 13/01/2020 and threatened to extort me and take the amount and also put me in jail,and Mr.Rao called me and threatened that he will take the issue with my relatives and make ugly remarks which cannot be mentioned and it was recorded and also threatened me that all my business people will be made known and attach all my assets and derogate me to maximum extent possible, i have resorted to complain with local police and right know lodge complaint with consumer complaints court.
I want my amount held by kotak mahindra bank and extra swiping of Rs.13,976/- for no reasons and i want to abstain this hooligans to threaten me.
while arbitral proceedings are going on how that Mr.Rao has perched with hooligans in which supreme court has given direction not send hooligans to extort money
please guide me how to protect Myself from Mr.Rao,whose details of contact are given above.
Dear All,
Kindly note that any sole Arbitrator appointed by Kotak or any other bank is illegal as per the judgement of Perkins Eastman Architects vs. Hscc India by the Supreme Court of India.
If they still take you to court for execution of the award given by the sole Arbitrator, kindly challenge it with the help of your lawyer.