Company told me make security deposit to increase CIBL score. No loan,
07-Nov-2023 (In Criminal Law)
I have applied for one personal loan. The executive told me that my CIBL is down, so i need to deposit some security money i.e. 5 percent of loan. After that they collect my documents. I was unable to pay the complete 5 percent. I deposited the half money in their account. The committed to release my loan. Now they are not doing so. What action can i take against them?
Though you have not given details prima facie it seems that said company is withholding your payment which they were supposed to released. So now you should immediately lodge an FIR for criminal breach of trust and cheating u/s 406 & 420 of IPC aginst the said company and then issue a legal notice which hopefully will sort out your problem further you cam prosecute them before civil criminal court of law.
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