LawRato

How to get refund from the Investment company


03-Oct-2023 (In Consumer Court Law)
In Feb I invested in QNET, which operates in India as Vihaan. The sad part is that a friend I know for many years, got me into this. Out of trust I invested. When I asked her questions about the business,she did not give me any details,not even company name.iwas told to keep the money ready.At the meeting, my friend introduced me to another lady from Bombay explained the details to me and said that it was the earning potential of 5 crores a year and that it is an ecommerce business,however later I found out it is MLM,where I need to get others to invest.My friend told me to trust her and that we can make lot of money from this business. Recently I saw that everywhere online there is info about this being bad business.1) The investment I made is for a hotel package howevr I was never told that there is maintenance fee every time I stay in d hotels 2) I was made to sign a document where some of the clauses,however I was told that if don't sign, I can't make money. How can I get refund?
Answers (1)

Answer #1
509 votes
First of all, you send a legal notice to the company with the help of a lawyer demanding the company to settle the matter at the earliest and refund your money. If the company doesn't come to the terms, file a complaint at your jurisdictional consumer forum claiming your refund amount along with interest and in addition to this, you can also claim compensation for the mental harassment and mental agony you have been subjected to. Simultaneously, you can also lodge a criminal complaint with the police. The police will take cognizance of the case and register an FIR under sections 420, 406 and other relevant sections of IPC. There is a possibility of the party coming to the table and settle your accounts.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."