In a troubling incident in Kalol, Panchmahal, a local man named Rangitbhai Dabhai Solanki has filed a police complaint against a finance company. He purchased a Hero motorcycle in 2022 through a loan from Chola Mandal Investment Finance. He made a down payment of ₹18,500 and agreed to pay ₹3,783 monthly for a total of 30 months.
On April 18, 2025, Rangitbhai’s nephew, Tushar, took the motorcycle to Madhavas. While there, two individuals approached him, claiming that the motorcycle’s payments were overdue. They then forcibly took the motorcycle keys and seized the vehicle. This alarming act prompted Rangitbhai to visit the company’s office in Godhra. There, he met a man named Harsh Barot, who informed him that according to company policy, they could sell a seized vehicle after 12 days. Harsh stated that they had already sold Rangitbhai’s motorcycle.
Rangitbhai expressed his frustration, stating that he had made 27 regular payments and was ready to pay the next three installments. He questioned how they could sell his motorcycle without any notice.
The situation escalated when, on June 10, 2025, Ashishkumar Jashwantbhai Bamaniya and Ashishkumar Khenagarbhai Patel from Chola Mandal Finance called Rangitbhai. During the call, they used abusive language and threatened his life, saying that he would not get his motorcycle back. They stated, “Come to Godhra, and we will show you what we can do.”
Feeling threatened, Rangitbhai decided to report the matter to the Kalol police station. This incident raises serious concerns about the practices of finance companies in Gujarat and the treatment of their clients. Seizing assets without proper notification and threatening clients is not acceptable behavior.
It is essential for customers to understand their rights when dealing with finance companies. They should know that a loan agreement is a legal contract that protects both the lender and the borrower. If a borrower is facing difficulties in making payments, it is crucial to communicate with the finance company instead of resorting to drastic measures.
Moreover, this case highlights the importance of regulatory oversight in the financial sector. Authorities need to ensure that finance companies follow ethical practices and treat their clients with respect. This will help build trust and foster a healthier relationship between financial institutions and their clients.
As this case unfolds, it will be interesting to see how the authorities respond and what measures will be taken against the finance company involved. Citizens must feel safe and protected from such unfair practices in their financial dealings. The Kalol police have assured that they will investigate the matter thoroughly and take appropriate action against those involved in the threats and seizure of the motorcycle.
In conclusion, the situation in Kalol serves as a reminder of the need for consumers to be vigilant and informed about their rights when dealing with financial institutions. It also emphasizes the importance of accountability and ethical behavior in the finance sector to prevent such incidents from happening in the future.
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