Legal Question in Consumer Law in India
Deposites in the Lloyds finance limited
V deposited Rs.8,000 in multimoneyscheme and also Rs 5,000 in money multilier scheme in 1996 and1997 both r matured on 2001. V have issued the notices to the company for the payment of the deposites . Co. have not replied and not repaid our F.D according to the scheme. If v file the complient before the CDRF complient will be dissmissed on time limitation. Please guide us there r too many people in our city facing same problem.
5 Answers from Attorneys
Re: Deposites in the Lloyds finance limited
you have crossed limitation in all matters but you can try ur luck with various options..
there is chance if you can cook up a story. criminal proceedings may also come handy.
meet in person alongwith documents and there may be some solution. consultation charges will apply
Re: Deposites in the Lloyds finance limited
First of all verify whether the company has power to gather money from the depositors. If not you may file a Complaint before the competent Police Officer or you may approach the criminal court with along with fresh depositors who have right to file cases and all of you togehter must stand one base.
Else wrote the situation and collecting of monies to the Company reigstrars and Reserve Bank of India.
It cannot compansate your loss but it may stop loss of other fresh depositors.
Re: Deposites in the Lloyds finance limited
your claim is time barred.You may complaint to MRTP Commission and can file Writ petition and can also file recovery suit stating that till the company do not pay the ammount the cause of action acrue on each day and thus suit is within time.But note that all is a matter of chance.
Re: Deposites in the Lloyds finance limited
you claim is time barred but you can try filing a writ
Re: Deposites in the Lloyds finance limited
good morning
if there are more people then file a writ petition and take a chance in this case
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