DMT : Ludhiana : (01 May 2023) : – A MEETING CHAIRED BY D.S.CHAWLA, PRESIDENT, UNITED CYCLE & PARTS MANUFACTURERS ASSOCIATION ON A BURNING ISSUE OF DEFAULTING PAYMENTS OF MEMBERS WAS HELD TODAY IN UCPMA.
MEMBERS SHOWED CONCERN THAT THE FEW PARTIES PURCHASE THE MATERIAL & HOLD THE PAYMENTS ON FALSE EXCUSES. THE MATTER WAS TAKEN VERY SERIOUSLY.
PRESIDENT REQUESTED TO ALL MEMBERS TO LODGE COMPLAINTS AGAINST DEFAULTING PARTIES IN WRITING TO UCPMA ALONG WITH ACCOUNT STATEMENTS/LEDGER COPIES OF DEFAULTING PARTIES.
D.S.CHAWLA, PRESIDENT ASSURED TO TAKE STRICT ACTION ON BEHALF OF HON’BLE MEMBERS AGAINST DEFAULTING PARTIES ENSURING THE RELEASE OF THEIR PAYMENTS.
FOLLOWING RESOLUTIONS WERE ADOPTED UNANIMOUSLY:
ON WRITTEN COMPLAINT RECEIVED ALONG WITH RELEVANT DOCUMENTS, UCPMA WILL APPROACH DEFAULTING PARTIES TO CLEAR THE PAYMENT OF OUR MEMBERS, TELEPHONICALLY & THROUGH REGD. NOTICE FROM UCPMA, FAILING THE MATTER AFTER PLACING IN MANAGING COMMITTEE, FINAL NOTICE WILL BE GIVEN.
AT LAST IF THE DEFAULTING PARTY IF IGNORES OR DOES NOT RELEASE THE PAYMENT, HIS PARTICULARS WILL BE CIRCULATED AMONG MEMBERS AS CAUTIONING THEM NOT TO DEAL WITH HIS FIRM TILL HE CLEARS THE PAYMENT OF OUR MEMBERS.
I WAS ALSO RESOLVED THAT THE CORRESPONDENCE DONE WITH THE DEFAULTING PARTY AGAINST WHOM THE COMPLAINT IS RECEIVED SHALL ALSO BE PASTED TO MEMBERS SO THAT ALL IN TRADE BE KNOWN AND BE CAUSIOUS IN DEALING WITH HIM.
