Corporate deposit default

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2014 Dear Sir ,

i have made a public deposit with a listed real estate company worth 100000 rs which was due to mature on 10 feburary 2014.

it has been around 14 days overdue and i have not yet received my principal and interest back and the company is saying it will take time.

what are the remedies available to me?

Arvind Ray

Arvind Ray (Expert)
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25 February 2014 You may approach the company law board if the companty fails to pay the deposits in accordance with the terms and conditions of the deposits.