[Resolved] IndiaBulls — Indiabulls forcing their client to pay balance after squaing off the whole portfolio | |
Indiabulls squared off my Rs 7 lacs portfolio without any intimation to the client. I had more than 70% of equity shares in my portfolio and as per indiabulls norms they required just 25% of it. Even after that indiabulls squared off my whole portfolio in huge loss and still when they are not able to recover the money, now they are giving me mental truama to pay Rs 68, 000/- more. Now i recieved a letter saying that pay the amount otherwise a legal action will be taken. Could anyone else face this situation then please help me. I am ready to face this in court as i know that it was indiabulls fault. If anyone know any good advocate then please suggest. Regards Nishant Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
 2 Comments | |
Comments
I am very discontent on trading services provided and managed by indiabulls.
I have a trading account in indiabulls - mumbai colaba branch, first time I adivised your Manager to assist me for trading tips to buy small shares.
As he has directly suggested me to sold everything from account and buy future options. In that I lost everything...tell me how to recover it
If you can not grow money by giving tips.. then you should not play and loose investors money.
Even managers are giving nonsense replies on loosing money... that mean you are running business to loose investors
Thanks and regards
I have a trading account in indiabulls - mumbai colaba branch, first time I adivised your Manager to assist me for trading tips to buy small shares.
As he has directly suggested me to sold everything from account and buy future options. In that I lost everything...tell me how to recover it
If you can not grow money by giving tips.. then you should not play and loose investors money.
Even managers are giving nonsense replies on loosing money... that mean you are running business to loose investors
Thanks and regards
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Indiabulls House, 448-451, Udyog Vihar, Phase-V, Gurgaon, Haryana, India - 122001
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I had taken personal loan from Indiabulls of Rs.25, 601/- on 25/5/2007 and repaid Rs.22600/- but just default in one of my EMI of Rs.1800/-, Indiabulls misused my blank security cheque by filling false amount of Rs.28, 249/- and they also misused my blank signed loan agreement by filling false figures of 30 installments instead of 24 (Usurious rate of interest more than 60 % p/a.), denied the receipt of some amount debited from my bank. Even though I tried to settle the dispute by offering reasonable amount pending principal amount and interest amount but to extract extra money from me Indiabulls has filled bogus cheque bounce case against me in Patiala House Court, New Delhi. As it is tough to defend the false cheque bounce case traveling from Mumbai to Delhi, Indiabulls forcing me to pay Rs.33208/- plus uncharged interest. To extract the money company filled thousands of cheque bounces cases in Delhi Courts. In spite of my several complaints to RBI against India bulls, RBI not taking the matter seriously and protecting Indiabulls by neglecting all my complaints. The whole system is working with Indiabulls. To earn huge money Indiabulls bring the thousands of poor borrowers to suicidal point. Financial Company openly violate the fair business practice guidelines given by RBI.
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LINK:- http://www.mid-day.com/news/2009/feb/020209-Indiabulls-Securities-Limited-investors-Delhi-news-alleged-fraud-selling-shares-without-in...⇄