Unitech FD - non refund of deposited money.
I had appointed Bajaj Capital for advising me on investments. I had invested Rs. 3L in FD floated by m/s Unitech for a period of 3 years in 2013. I had forwarded original receipt duly discharged to Unitech via Bajaj capital upon maturity in 2016. I have not received my money till today. SC had put Unitech owners in jail. They will be free when they had deposited sufficient fund. Furthermore I found that Unitech had defaulted on FD since 2011. Also they do not have licence to accept deposits from public. SD has appointed amicus curiae to collect details of all FD holders. The hearing dates are getting postponed every month.
Now my questions are,
1) Am I supposed to file separate case against Unitech or whatever a.c. is doing is sufficient?.
2) Bajaj capital being financial advisors, they are expected to know non availability of licence by Unitech. Also there was history of default since 2011. So advising me for investing with Unitech can be termed as deficiency in service and make them party to th fraud?
Asked 6 months ago in Criminal Law from Mumbai, Maharashtra
I thank all lawyers for their valuable advice. As all have suggested to file a case against unitech as well as Bajaj capital, I want to proceed ahead with the advice. i want to know who can help me further. Since I am from Mumbai suburbs and I can not move out, I want to find lawyer based in Mumbai western suburbs.Also I can't afford high cost. Can I get such help?
Asked 6 months ago