Cholamandalam Finance to Pay Compensation to Client for Non Issue of No Dues Certificate

Edit this post

No doubt the consumer forums are getting their act together and are functioning effectively for a common man as in a recent case Cholamandalam DBS Finance Ltd (Chola) has been ordered by a Delhi consumer forum to pay Rs 25,000 as compensation to one of its customers for not issuing a no dues certificate to him despite getting settled its loan to him and withdrawing over Rs 22,000 instead from his bank.

The District Consumer Disputes Redressal Forum also asked the firm to return over Rs 22,000 to the customer. This speaks that checks and balances are not in place at companies like Cholamandalam DBS Finance which is handling Crores of clients money.

Bookmark us for free share market tips and make money with our Hot stock of the day.

Related Posts

Nifty / Bank Nifty Option Tip

Looking to trade intraday Nifty or Bank Nifty options? Our Nifty / Bank Nifty Option Tip shares trading calls with a defined entry, target and stop loss, so you know your risk before you trade. It suits traders who follow the market on a trading screen as well as those who place orders through their broker or by phone. Click on Image or Post Title to Read More.

Latest Video Reviews by Clients

Watch video reviews recorded by our clients about their experience with Indian-Share-Tips.com services, including the Nifty / Bank Nifty Option Tip and Delivery Tip. Click on Image or Post Title to Read More.

Awards and Recognition

See the awards and recognition Indian-Share-Tips.com has received over the years for its work in stock market research and investor education. Click on Image or Post Title to Read More.