I had booked a Vespa XL scooter in 1982 against booking ref no. P22/000879 with a deposit of Rs 500.
Cancellation request along with duly discharged booking intimation slip was sent to the company as per their advice by regd.ad letter on 10th Nov 1987 (duly acknoledged receipt by the company)
After several reminders the company replied vide letter dtd 29/3/1989 that the refund pay order shall be mailed to me shortly.
Since then I have sent them several reminders but the company has just stopped responding!
Apart from this despite several reminders they have neither given due interest since 1990 nor refunded the principle amount against 10nrs of 13.5% non-convertible debentures with a total face value of Rs 1, 000 under regd.folio nrs LMS-77435 & LMR-75097
Is there no protection for small investors in India against unscrupulous industrialists? Please help me recover our dues & punish the guilty?
S.K. Bohra & Rajeev Bohra
[email protected]
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