Secured Bond against bidded chit

Location/place: Visakhapatnam

Name of company/service: Aditya HIDCO

I have taken two chits membership with shriram chits in 2002 to 2006 period for 50 months @ 1000/- pm. After some months one chit bidded by me and company asked to me produce secured bond. So that I have given my sister-in-laws Sriram Finance bond in the worth of 40000/-. After chit period closed they are not informed to us or not send any letter to me. Recently I went to their branch (on 09.01.2010) and asked to their Branch Manager -I, but he said the bond is at our zonal office and it will take one month time to handed over to me. After several times (i.e Feb/March and April months)visited to their branch. Finally they said bond is closed as amount of 25000/- and balance is lying with your account 19000/-. So give us one request letter then we will pay the balance amount. But how they calculated instead of 40000/- as 25000/-I asked the diference. But they can’t give proper answer to me.

Kindly help me as early as.


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