A loan recovery agent who took a full life pregnant?
A loan recovery agent who took a full life pregnant?

A loan recovery agent who took a full life pregnant?

Mithilesh Mehta, a farmer from Hazaribagh region of Jharkhand state, bought a farm tractor. For this he got a loan from Mahindra Finance. But in the last few months he couldn’t pay the loan installments due to his crazy financial situation. Because of this, the loan recovery agencies tried to impound Mithilesh Mehta’s tractor for non-payment of loan installments within the due date. In this order, Midilesh Mehta’s 27-year-old pregnant daughter accidentally fell under the tractor and died while the loan recovery agents were forcibly taking away Midilesh Mehta’s farm tractor. Generally, the finance company carries out loan recovery activities through third party agencies. In this incident, there were allegations that this incident happened due to the bad behavior of third party loan recovery by Mahendra Finance. In this context, the loan recovery agent was detained by the police. The said debt recovery agent was recruited by a company called Team Lease. Mahendra Finance Company entrusted the responsibility of loan recovery to Teamlease Company, under which the loan recovery agent belonging to Teamlease Service Company seized the tractor from the debtors.

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Meanwhile, Team Lease also said that the person responsible for the incident is being fired. Mahindra Group Chairman Anand Mahindra expressed his shock over the matter. He also expressed his condolences to the victim’s family. They assured that their company will no longer collect debts from third party agents. As a result, Mahendra Finance Vice President Ramesh Iyer announced that his company will no longer collect loan dues through third-party agents, but they have canceled their agreement with Team Lease Company. He also said that there will be an inquiry into this incident. While the Reserve Bank of India has reacted seriously to this tragic incident, Mahendra Finance Services Limited has banned foreigners i.e. third party organizations from collecting loans. The Reserve Bank of India, in exercise of its powers under Section 45L(1)(b) of the 1934 Act, ordered Mahindra and Mahindra Financial Services Limited (MMFSL) to stop making loan payments with immediate effect. The orders clearly state that recovery or repossession operations will not be outsourced until further orders.

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A loan recovery agent who took a full life pregnant?

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Source: IndiaHerald.com – Purushottham Vinay]]>

Source : www.indiaherald.com