My fixed deposit with a listed company matured months ago, but they’re refusing to pay. I filed a complaint with the CLB in Mumbai, but they haven’t taken any action. They did order the Registrar of Companies to start legal proceedings against the company and its directors, but nothing’s happened. Should I go to the Consumer Court now?

Apni Law
Apni Law
Law Forum › Category: Labour & Service › My fixed deposit with a listed company matured months ago, but they’re refusing to pay. I filed a complaint with the CLB in Mumbai, but they haven’t taken any action. They did order the Registrar of Companies to start legal proceedings against the company and its directors, but nothing’s happened. Should I go to the Consumer Court now?
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Apni Law Staff asked 8 months ago

My fixed deposit with a listed company matured months ago, but they’re refusing to pay. I filed a complaint with the CLB in Mumbai, but they haven’t taken any action. They did order the Registrar of Companies to start legal proceedings against the company and its directors, but nothing’s happened. Should I go to the Consumer Court now?

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Best Answer

Apni Law Staff answered 8 months ago

You can approach the Consumer Court as the CLB has initiated legal proceedings. The Consumer Court has jurisdiction to hear complaints related to unfair trade practices, including non-payment of deposits. However, you should consult a legal professional to understand the specific legal options available and the implications of approaching the Consumer Court.

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