[Resolved]  ICICI Bank — NON RELEASE OF PLEDGED SECURITIES

My particulars are: Current Account no. [protected] incidently, I have been given a special status PLEDGE CLIENT ID =13232995 .Pledge name= ICICI Bank. DP ID IN300183. PLEDGEE DP Name ICICI BANK LTD.
I had pledged units of MORGAN STANLEY GROWTH FUND ALONG WITH COMPANY SHARES. This Mutual Fund scheme became open ended. Since last four months or so ,I have been trying to get the units released/ de-pledged but all in vain.Firstly, your bank did not co-operate with my service provider viz Stock holding . your bank said that they have got nothing to do with this.whatever is to be done has to be done by Stock holding.Though against the procedure, Stock holding yielded and UNILATERALLY took some action so that the units could be released.They further showed me the statemen confirming that my balance is NIL. When I went to KARVY COMPUTER SHARE, I was told that the units are held up with the bank..At Ludhiana, I mainly dealt with Sh NILESH KUMAR. He was not sure of the procedures. For everything he was consulting Chandigarh office. It seems they were also not sure.
WHAT SHOULD I DO NOW ? WHY CANT YOU STREMLINE YOUR PROCEDURES?
N.S> MANGAT
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Aug 14, 2020
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