BY TC News Desk
Agartala, 18th December 2025: Finance companies are reportedly mushrooming across Agartala, with some allegedly exploiting loopholes to swindle citizens. Lack of strict government oversight has, according to locals, allowed such practices to flourish unchecked.
A serious complaint has emerged from the city’s commercial hub, Moth Chaumuhani, against Cholamandalam Investment and Finance Company Limited. Amrit Dev, a resident of Jogendra Nagar, alleged that his late father, Ranbir Dev, had taken a car loan exceeding nine lakh rupees from the company.
According to Amrit, his father passed away eight months ago, and he continued paying the loan for two months thereafter. He claims the finance company had assured that the loan would be cleared, and any insurance claims would be settled.
However, when the car broke down and was taken to the showroom for repairs, Amrit discovered that the finance company had seized the vehicle. Upon contacting the company, he learned that the car had been sold without any prior notice. When Amrit requested a formal statement from the company, they initially refused. Eventually, after pressure, he was informed that the vehicle had been sold for just three lakh rupees.
Amrit has not yet confirmed whether he will file a lawsuit, but he emphasized that a proper investigation could reveal the extent of the alleged fraud and determine whether the finance company violated any regulations in selling the car.
The incident has raised concerns among vigilant citizens about the practices of some finance companies operating in Agartala.
