In the mid-April, Vikas Sharma, a home-employed elite group out of Kolkata, are surprised to get a message away from WifiCash, an app-based lending program work at by a low-financial economic company (NBFC) Chadha Financing. Except that harmful to help you declare Vikas a great fraudster, the content together with warned him that an authorities agreeable will be submitted and you may a legal observe could well be given facing your, the guy alleges. Why that it hostility? Just like the Vikas got drawn an initial-identity loan from Rs eleven,500 for their company regarding WifiCash throughout the few days away from February till the lockdown try revealed. Since the company ground in order to a halt, he decided not to pay so it financing because of the April step 3 due date. He had approached the financial institution for a financial loan moratorium after the Reserve Lender away from Asia (RBI) desired it from inside the stop-March, but their request is actually refuted. (more…)
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