icici cheating

dear friends , let me tell about ICICI Bank cheating. i anilkumar applied for personal loan to ICICI bank on september 2007. after all processing procedure they (ICICI) called me to their branch with four cheques. on 26th september 2007 i went to meet them . there they checked all the original documents and said the loan amount is Rs.50,000/- and tha rate of interest is 2.1% per month . ofcourse iam in need of money so i agreed to that and signed where they asked . and they took 4 cheques from me. after that they said the loan amount cheque will me mailed to my address. so i came back. they said conformly the loan cheque will come to you with in four working days . after that I had made some commitments to pay the amount to some people with in five days. but i did not received any cheque from ICICI , so i asked the bank agent , he said "sorry for delay sir surely you will receive cheque ."but all the people that i allready committed to pay are forcing me to pay back. that time i felt mental torchur because of ICICI bank. a vendor and I was falling short on my commitment. all it was happend before more than one month back. even now also i did not received money or cheque from ICICI , yester day ie.05-11-2007 they drawn first month EMI as ECS from my account. they (ICICI) did not givien loan but they are recovering money from my account..

can anybody tell me what to do now?