Advocate Mohammed Affan Rizwan

Questions Answered by Advocate Mohammed Affan Rizwan (25+ answers)

Q: Fraud by KDE promoter in revenue statement and forgery in nse/sebi

Financial Particulars: It explicitly records your holding of 22,000 equity shares purchased within the ₹200–₹250 price band and explicitly registers your absolute loss of ₹45,00,000 (Forty-Five Lakhs). • Grounds of Complaint: specific infractions uncovered by SEBI's investigation: the ₹541.3 crore financial misstatements and forgeries. and now they sold subsidiaries with close to 250 crore revenue+ and 25 crore profit per year for 10 lakh rupees to avoid these fraud at zero cost

Advocate Mohammed Affan Rizwan answered
Hello,I went through your query regarding the ₹45,00,000 loss on your 22,000 shares. I handle consumer matters regularly, and to be straightforward with you, share trading disputes are tricky in Consumer Court because commissions usually treat stock market transactions as speculative/commercial.However, your case is different because of SEBI’s findings on financial forgery and siphoning off subsidiaries. Since fraud and deliberate suppression are already on record, we can build a strong case of unfair trade practice and gross deficiency against the parties responsible rather than just claiming a normal market loss. Along with the Consumer Commission, an application before the NCLT or pursuing recovery under SEBI's framework can also be considered depending on the exact paper trail. Share your contract notes, demat statements, and the SEBI order copy once. I’ll review them and tell you the best way forward.Regards,Affan

Q: Amount paid for farm plots purchase, builder not registered & filed IP

Plotting developer collected money from me last two years bank and delayed registration, now absconded and sent insolvency notice to all victims

Advocate Mohammed Affan Rizwan answered
First, collect all the documents related to the transaction, including the agreement, payment receipts, bank statements and communication with the developer. You can send a legal notice demanding registration of the property or refund of the amount paid. You can also file a consumer complaint before the appropriate Consumer Commission for deficiency in service and seek refund, interest and compensation, subject to the facts of your case. If the developer has cheated you, a criminal complaint may also be considered, depending on the available evidence. Since the developer has reportedly absconded and issued an insolvency notice, immediately verify the status of the insolvency proceedings and take steps to file your claim before the concerned authority within the prescribed time. Do not delay taking legal action.

Q: Car taken by bank, loan closed, vehicle with third party – how to reco

I am the registered owner of a car financed by a bank. Due to EMI delay, bank officials took the vehicle. I later cleared dues, but car was not returned. Bank now claims vehicle was auctioned but has not provided any auction documents. My loan account shows closed, RC is still in my name, and I never gave consent or thumb for transfer. A third party is using the car and asking me to sign. I blocked RC at RTO. Bank is refusing NOC citing sale. How can I legally recover my car and what remedies ar

Advocate Mohammed Affan Rizwan answered
Even in case of EMI default, the bank must follow due legal procedure for repossession and sale of the vehicle as per RBI guidelines. If they have taken or sold the vehicle without proper notice, consent, or auction documents, it amounts to deficiency in service. You can issue a legal notice and file a consumer complaint seeking return of the vehicle or compensation for the illegal action of the bank.