[Resolved]  ICFAI University — Regarding Refundable.

Address:Hyderabad, Andhra Pradesh

I was selected at IBS Mumbai & my Demand draft has been accepted on the 6th of June 2011 but due to some unavoidable condition, i needed to cancel my admission & for the same purpose, i had sent them an e-mail regarding the refund of the demand draft of Rs.80000/- on the 8th of June 2011. Also, i had sent a hard copy of the application which has also been delivered long back. The recipient was Mr. P. S. Reddy on the 10th of June 2011.
I had called several times in the Hyderabad office on which, at first, they assured me that it's in process but later on when i asked it in clear words that whether i am getting my demand draft of Rs.80000/- refunded or not, the executives expressly intimated me that i am getting my demand draft back by the 1st week of July.
But, when i called the office on the morning of 4th of July, they refused to give me my money back, which is completely unethical as it implies fraud & also stakes the name & fame of the IBS group. So its my sincere request to the law n judiciary of India to help students in getting back our parents hard earned money. Waitin for the reply.
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Aug 13, 2020
Complaint marked as Resolved 
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Dear Aneesh Parwani

"An amount of Rs. 79000 was refunded after deducting
processing fee of Rs. 1000 as per UGC guidelines".

Admissions Officer
IBS

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