Finance company defaulted on repayment, allege depositors
- | Tuesday | 19th June, 2018
However, her plan went awry when the Madurai-based finance company, Blessing Agro Farm India Limited, failed to return ?42,500 on maturity of her recurring deposit. “I have been walking to the Tenkasi branch office of the finance company since September last in vain,” she said. The Tenkasi office had been functioning since 2007 and the company had been repaying depositors till last year, he said. She thought that making a recurring deposit of ?500 a month with a finance company for over five years would of great help while sending her eldest daughter to college. They would register further cases if depositors came with original documents.
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