• Chitfund company stopped paying debenture

Is there any way I can get refund of my money invested in Non-Convertable Redeemable Secured Debenture in a chit fund company. Tha company has stopped paying debentures and not returning money also.
Asked 3 years ago in Business Law from Haldia, West Bengal
File a case u/s 320 IPC against the company director.
File a civil suit for recovery of money.
Devajyoti Barman
Advocate, Kolkata
6873 Answers
78 Consultations
4.9 on 5.0
file winding up petition against the company after issue of winding up notice 

also file summary suit
Ajay Sethi
Advocate, Mumbai
27218 Answers
1480 Consultations
5.0 on 5.0
1. It is difficult to get back the money in normal course from the Chit Fund Company,

2. You will find that nothing has been left for your realsing the amount through legal action,

3. You can try filing an application before the Shyamal Sen Commission set up to pay back invested amount to the investors of 'Sharada' Group of Companies.
Krishna Kishore Ganguly
Advocate, Kolkata
13560 Answers
291 Consultations
5.0 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Business Lawyers

T Kalaiselvan
Advocate, Vellore
17343 Answers
165 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
27218 Answers
1480 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
13560 Answers
291 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
19555 Answers
507 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
6873 Answers
78 Consultations
4.9 on 5.0
Nadeem Qureshi
Advocate, New Delhi
3802 Answers
149 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
3146 Answers
47 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
969 Answers
69 Consultations
5.0 on 5.0
Shashidhar S. Sastry
Advocate, Bangalore
1296 Answers
71 Consultations
5.0 on 5.0
Anilesh Tewari
Advocate, Lucknow
69 Answers
0 Consultations
5.0 on 5.0