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Claim of credit note issued by Investors clinic and misused what to do


07-Aug-2023 (In Recovery Law)
I had bought property through investors clinic and was issued a credit note which states that post 60% payment to builder payment would be done . I had made all timely payments to the builder and 60% was done in year 2015 . Since then I have being sending mails to investors clinic to make the payment however every time they are giving different types of excuses. They have even ducted TDS in FY 2016 & 2017 . Please guide me what action can be taken against them for recovery of the credit note and mental harassment that I have been enduring since last 2 years during followup
Answers (3)

Answer #1
766 votes
Just file a case for recovery or suite for performance of contract this is only remedy in your case. Otherwise they sue for non performance and ur all money gone for ever kindly take step and send notice
Answer #2
725 votes
Actually it need a proper query in respect of the agreement executed between the parties and then only we can decide what step would be proper as if the agreement states that you have invested your money for commercial purpose then we can file recovery suit in civil court and if it states that you have invested your money for any residential purpose then we can file a consumer complaint to recover your money. For further details you have to meet me along with your documents.
Answer #3
683 votes
In the first place get them a legal notice issued and see If they pay. If they don't then you may choose to file a consumer case against them. Limitation is 2 years from the date of right to sue accrues. Please calculate that from last communication date, whereby, investors clinic communicated with you.

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