Legal Question in Credit and Debt Law in India

I paid a 10lakhs advance (out of 20Lakhs) to a startup company to join them as a cofounder with 20% equity. I was supposed to join them 3months later. In the mean while I found that they are not trust worthy to work, hence I decided to not to join them and asked them to refund my advance money. We never signed any agreement with them...now they are delaying to refund my money with some or the other reason. Can I take any legal action against these board of directors of the company for failing to refund my money for last 2.5months ?

Looking forward to your response.


Asked on 8/09/13, 10:24 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

10.08.2013

Dear Sir / Madam,

Police intervention to resolve the matter is recommended. Repost query if there is police inaction within 3 days of lodging the FIR.

Regards,

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Answered on 8/10/13, 2:18 am


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