Procedure to file a petition in NCLT for refund of investment.
10-Jan-2023 (In Property Law)
Hi, Religion - Hindu I invested 4 lac for a plot in Asansol in year 2013 through a company called Hahnemann Housing Development company ltd. The investment was done with agreement on bond paper and all payment was through check to their bank account. Initially the company promised that they will develop the property and do proper plotting in next 3 years and will register the plot in my name. In year 2015 when we enquired about the plot, they told that they are unable to develop the property due to some legal issues. They promised to refund the money with interest according to our agreement on bond paper. But till now they did not refund my money and are not willing to refund it in near future. My question is- Can I file a petition in court in NCLT law. I heard that the cases in NCLT law takes less time(6 months max) then consumer court cases and it is much tougher law then a consumer case. Is it true? Please advice.
your case is not directly related to NCLT. you have to file the matter either in a civil court or you may move to the consumer court. the court will be decided after going through the agreement thoroughly . you may contact me for further details.
Sir
Firstly you send a legal notice to the company demanding to return the monies along with interest as per the terms. If they did not obey, you can file a complain case before the consumer Forum.
Directly your application to the National Commission is not acceptable.
If your thought is correct then there is no need of the lower courts as they do not serve the purpose.
You have to follow the procedures of law.
Thanks
Firstly you send a legal notice to the company demanding to return the monies along with interest as per the terms. If they did not obey, you can file a complain case before the consumer Forum.
Directly your application to the National Commission is not acceptable.
If your thought is correct then there is no need of the lower courts as they do not serve the purpose.
You have to follow the procedures of law.
Thanks
Respected Madam/ Sir.
I read your matter very carefully and I like to suggest you to file criminal case and file consumer case and also I want to clear that if there is any provision to file Writ?
For further progress please contact.
I read your matter very carefully and I like to suggest you to file criminal case and file consumer case and also I want to clear that if there is any provision to file Writ?
For further progress please contact.
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