Former Indiagold employee Ashish Kumar Parmeshwar alleges his ₹85,000 full and final settlement was withheld due to a disputed ₹10 lakh loan case. Full details, timeline, and employee’s statement inside.
Complaint Summary : Indiagold Complaint by Ashish Kumar Parmeshwar – FNF Settlement Withheld Over Loan Dispute
| Field | Details |
|---|---|
| Complainant Name | Ashish Kumar Parmeshwar |
| Company Name | Indiagold |
| Designation at Company | DSA & Partnership Lead |
| Joining Date | 3rd October 2022 |
| Last Working Date | 4th July 2025 |
| Nature of Complaint | Withholding of Full & Final Settlement amount (₹85,000) |
| Disputed Amount | ₹85,000 (FNF) withheld due to ₹10 lakh loan payment dispute |
| Incident Period | February 2025 – July 2025 |
| Location | India |
| Original Source | LinkedIn Post by Complainant |
| Status | Pending Resolution |
Detailed Complaint
Ashish Kumar Parmeshwar, a former DSA & Partnership Lead at Indiagold, has raised a serious grievance regarding the withholding of his Full & Final (FNF) settlement amount of ₹85,000.
Employment & Background
Ashish joined Indiagold on 3rd October 2022 as a Relationship Manager and later served as DSA & Partnership Lead. He resigned on 27th May 2025, with his last working day being 4th July 2025.
February 2025 – The Jandhan Credit Society Tie-Up
In February 2025, Ashish facilitated a tie-up between Indiagold and a Mumbai-based credit society (Jandhan Credit Society) for funding expired tenure cases, renewals, balance transfers, and NPA cases.
- Customers provided Aadhaar & PAN cards to open accounts in Jandhan Credit Society.
- The society disbursed the loan amount, sending Indiagold its share and transferring the remaining to the customer’s account.
- Ashish claims he handled transactions worth ₹35 crore pan-India during February–May 2025.
Loan Payment Dispute – April 2025
On 25th April 2025, Ashish processed a ₹10 lakh loan payment for a customer who already had an existing ₹12 lakh running loan with Indiagold. The payment reportedly got stuck due to a lien, and recovery has not yet been completed.
Resignation & FNF Issue
Ashish alleges that despite resigning on 27th May 2025, Indiagold has withheld his ₹85,000 FNF settlement, citing the unresolved ₹10 lakh case. He claims he acted as per management instructions and has proof to present before the RBI and Labour Court.
Complainant’s Requests to Indiagold
- Release of ₹85,000 FNF settlement without linking it to the ₹10 lakh disputed case.
- Transparent investigation into the April 2025 loan transaction.
- Formal communication explaining the grounds for withholding his payment.
Choice4Voice.com’s View
Choice4Voice.com believes employment disputes involving withheld salaries or settlements should be handled fairly, transparently, and within legal frameworks. Linking an employee’s FNF payment to unrelated business losses without due process raises serious ethical and legal concerns. We urge Indiagold to resolve the matter promptly to avoid further escalation.
Frequently Asked Questions (FAQs)
Q1: Who is the complainant in this case?
A: Ashish Kumar Parmeshwar, former DSA & Partnership Lead at Indiagold.
Q2: What is the main grievance?
A: Withholding of his ₹85,000 Full & Final settlement amount.
Q3: Why is Indiagold withholding the amount?
A: The company cites a pending ₹10 lakh loan dispute from April 2025.
Q4: What was Ashish’s role in the ₹10 lakh transaction?
A: He claims he processed the payment following instructions from senior management.
Q5: What is Jandhan Credit Society’s role in this dispute?
A: They were the funding partner for certain Indiagold loan cases during February–May 2025.
Q6: How much business did Ashish handle during his tenure?
A: He claims to have handled ₹35 crore in transactions pan-India during February–May 2025.
Q7: When did Ashish resign?
A: 27th May 2025, with last working day on 4th July 2025.
Q8: What proof does Ashish have?
A: He claims to have documentation to submit before the RBI and Labour Court.
Q9: Has Indiagold responded to this allegation?
A: As of now, there is no public response from Indiagold.
Q10: What legal recourse does an employee have for withheld FNF?
A: Employees can approach the Labour Court or file a complaint with the labour department.
Q11: Is withholding FNF legal in India?
A: It is only legal if the employee has pending financial obligations proven and agreed upon.
Q12: Can companies deduct losses from employee settlements?
A: Only after proving liability through proper investigation and employee consent.
Q13: What are RBI guidelines in such cases?
A: RBI does not directly intervene in employment disputes but may investigate linked financial misconduct if proven.
Q14: What should an employee do if FNF is withheld?
A: Send a legal notice and, if unresolved, escalate to labour authorities.
Q15: How long should FNF take after resignation?
A: Typically within 30–45 days after the last working day.
Q16: Can business disputes be linked to employee salaries?
A: Not unless there is direct proven liability as per contract or legal order.
Q17: What are the risks for companies withholding payments?
A: Labour disputes, legal penalties, and reputational damage.
Q18: Is this case a criminal matter?
A: It appears to be an employment dispute, but fraud allegations could make it criminal if proven.
Q19: Could mediation resolve this?
A: Yes, mediation between both parties could avoid lengthy legal proceedings.
Q20: What does Choice4Voice.com recommend?
A: Immediate payment of withheld dues and transparent handling of the disputed loan case.
