Legal Question in Consumer Law in India

I had invested a large sum to the tune of around half a crore with a firm . Also had an agreement as the payment made for sites however with an option to take back money with 50% interest after 1 year or site whichever I chose . was also given a post dated cheque for the same amount. Now the chairman is just pushing the payment every week , fortnight from past 5 months. What should be the legal step next .

Notices of request of repayment has been done by email. It has been responded back sometimes saying will try to make the payment between this dates but all those dates have never met with payment.

pls advice


Asked on 9/23/09, 11:25 am

2 Answers from Attorneys
Seshadri Srinivasan www.lawconcern.com

Notices must be issued in writing by lawyer ( to quote the relevant legal provisions).

How the agreement has been structured? Is it a partnership deed or simply a MOU?

Please send the agreement and correspondence by email/ courier for a detailed legal-action-plan.

S.Seshadri

Chennai office Phones: 98403 20808 /28515229

emails: [email protected]

[email protected]

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Answered on 9/23/09, 9:20 pm
Pawan Jangid

To suitably comprehend and suggest the appropriate legal course in the matter, would like to go through the agreement, if scan of the same may be made available (alongwith other communications exchanged between the parties).

[email protected] ; 09015845678

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Answered on 9/24/09, 1:21 am


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