Legal Question in Consumer Law in India
about consumer protectionAct
we had made an agreement with sumen motels company on 23 june 1998. this company was obliged to give us 11% interest on our investment Rs. 125000/-.for 5 years and after five years this agreement was to be come to an end. company didnt give us last three year's interest and our amount ,in agreement there is arbitration clause. we can approach to consumer forum but 2 years already elapsed and it is very difficult to give strong reason for condonation of delay. what will be remedy for us? if we send notice to the concern company then will fresh cause of action be created?
3 Answers from Attorneys
Re: about consumer protectionAct
good morning
you can always file a civil suit regarding the interest of recovery and the investment
Re: about consumer protectionAct
Alternative remedy is filing civil suit for recovery of Interest as well as investment.
Re: about consumer protectionAct
consumer protection has elapsed dear.......... target civil court and better immediately file criminal cases
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