Delayed payment by ICICI no amount received till date what to do
08-Dec-2023 (In Consumer Court Law)
I bought one lakh rupee unsecured bond from ICICI. Maturity date was May 2002. When we contacted for payment of principal and interest on payment delay, in 2008. ICICI replied that redemption cheque was lost in transit and kept mum on interest for dealyed period of payment. We surrendered original bond and till date ( Dec 2015) got neither principal nor interest. any remedy ?
You have to send a demand notice demanding your principle as well as your interest part. When you have paid an amount you have the right to get its benefits. Furthermore if you do not get any response and or reply then you have to move before the appropriate forum depending on the value of money.
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