LawRato

What can i do if company is not returning the deposit money


25-Nov-2023 (In Corporate Law)
Sir gm, I'm an agent of a marketing& non banking company .iWork 2009-10and stand a team for deposit skeam from distt Hardoi in up,but I live in town- kaimganj ditt Farrukhabad up Sir, company runs many deposit plans and I deposit many about 80-86 poor people money those pay this money to sell their cattles for bright and doing their daughters,sisters,marriage or his child education or business.but when the time came for payment company made patent that you will do conversion in other skeam ,all people fallow company order and gave their purmition for conversion .some years later when again payment time come in April 2016 the company said you all exchange his payment in product as-- R.O.,LED,chavanpras, sabun ,hair oil, face beauty cream,herbal tea etc. All poor illiterate ,people requested to company GM,but he not pay mercy and he said hardly you go to your home silently अन्यथा I willinforme to police and arrest to all .he also give warning that to
Answers (5)

Answer #1
800 votes
Hi
You can file a winding up petitions through depositors
In high court
This would have very high pressure on the directors of company and their assets can be attached to recover money
Please feel free to contact us for more information
Would be happy to help you
Answer #2
904 votes
First of all, lodge a complaint along with these investors. Take strong actions against the company. Company has received the money and there is a contract between the company and investors hence the company is legally liable to pay the amount to the investors with interest and late payment or other charges, if any. It is clear cut case of fraud.
Answer #3
842 votes
Please take note of following -
1. You need to send them a legal notice for their act highlighting their misdeeds and malpractice.
2. If they agrees to this notice then it's OK otherwise we may continue against them in the competent court of jurisdiction.
3. You may also file a police complaint against them and can also come against them before consumer forum.
Answer #4
752 votes
Dear Sir,

It is clear that you all have been cheated by this company. If you can share the documents executed between you all and the company, then I may be able to guide you better. However, you should proceed with filing a criminal complaint with the local police station against the company and the GM and other directors.
Answer #5
763 votes
Difficult to understand full facts relating to your matter. Cannot give any advice without knowing full details.

Please re-submit the query by typing in hindi or hindi-english both.

Do not worry, you will get justice. Have patience and explain full story first.

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."