Inconsumercomplaints.com » Miscellaneous » Review / complaint: Indiabulls Securities Limited - 1.payment collected, shares not delivered. 2.traded in my account, without authority | News #321175

Indiabulls Securities Limited
1.payment collected, shares not delivered. 2.traded in my account, without authority

In 2005 my account was opened by ahmedabad branch manager - vanesh panchal. Subsequently Blank Stamp papers were forwarded to sign and return. I refused to sign blank stamp papers. I objected to such modus operandi. My paid and purchased shares were blocked and not delivered. All my outstanding trades were squared by them. On objecting to the branch manager, he pleaded by mistake has been done. all such trades were again done by them in my account and fresh trades created by them. for these two side trades, a rate difference of Rs.1.25 lakhs app.was found and was promised by branch manager to be paid, but remains to be paid till date. Even my paid and purchased shares remains to be delivered till date. Complaints to NSE and SEBI made no sense, as these authorities are more concerned about their international image and not much concerned about the complaints being faced in day to day by local small investors. Civil suit and criminal complaint is filed by me and are pending. Money Civil suit takes years, decades to settle. In one Criminal complaint, directors have obtained stay order from high court, stating on affidavit that I had refused acceptance of High Court summons. Naturally, when this aspect shall be highlighted to the Judges, it shall definitely go against me. Fact is the date mentioned in the affidavit, I was out of India. But on record, STAY is obtained on AFFIDAVIT for my refusal to honour Court summons? Such are practises of Senior Advocates In Gujarat High Court and such are practises of Indiabull securities renowned Directors. these people are aware that with senior advocates, they can have their say and way. For poor enforcement of Laws, advantage is being taken by such persons. Knowingly, enforcement of laws is not made competent. Cant help it. In second criminal complaint, despite dates since last 4 years, nothing has materialsed. Order to issue summons is still pending after 4 years around. MERA BHARAT MAHAN. Jai hind.


Company: Indiabulls Securities Limited

Country: India

Category: Miscellaneous

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