Corporate deposit default
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2014
Dear Sir ,
i have made a public deposit with a listed real estate company worth 100000 rs which was due to mature on 10 feburary 2014.
it has been around 14 days overdue and i have not yet received my principal and interest back and the company is saying it will take time.
what are the remedies available to me?
i have made a public deposit with a listed real estate company worth 100000 rs which was due to mature on 10 feburary 2014.
it has been around 14 days overdue and i have not yet received my principal and interest back and the company is saying it will take time.
what are the remedies available to me?
Arvind Ray
(Expert)
25 February 2014
You may approach the company law board if the companty fails to pay the deposits in accordance with the terms and conditions of the deposits.
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