[Resolved] alice blue commodities pvt ltd

[Resolved] alice blue commodities pvt ltd — security deposit refund

S sandeep singh from Basoda, Madhya Pradesh

sir, i have taken franchisee of alice blue commodities pvt ltd, chennai.member of multi commodity exchange member id (35290).as per agreement they have to refund my security deposit while closing.three months before i close my franchisee but they are not refunding my fund.I talk to the director of company mr v.vijaykumar, he told to me what you want to do you can do but we can, t give your fund back.my deposit amount is 20000. help me sir for getting my fund. regards, sandeep singh staff quarter dumanhill, chirimiri, dist-korea, chattisgarh. Was this information helpful? No (0) Yes (0)
Aug 14, 2020 Complaint marked as Resolved
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Comments

prakash

from Nagda, Madhya Pradesh

how any company can take any people fund (security deposit) which is anyhow refundable to the party.If company cannot refund the money then how general people can believe the term security deposit.if they are not settling security deposit then send the director who is running the company to jail.

vijayakumar

from Chennai, Tamil Nadu

Mr Sandeep Singh has taken the franchisee of our company, we didn't receive orignal closing letter and same informed to him. We didn't get any reply or positive response from him. As per agreement he didn't fulfill his dues, hence his security deposit kept on hold. If he clears his dues his security deposit will be refunded.

Rajesh_mbm

from Thrissur, Kerala

I agree with Mr.Vijayakumar statement