[Resolved]  indiainfoline ltd — unauthorised trading

Sub-unauthorised trading by indiainfoline.

Sir

I have bought rnrl on 26/05/09 with debit balance. same day I handover a cheque of Rs 30000 to Mr tarif(broker of indiainfoline kankurgachi branch).The cheque (Rs 30000)was cleared on 27/05/09 as per my bank statement.But it was not updated by indiainfoline till 04/06/09. on 03/05/09 I get a massege from TA-IIL to my mobili([protected]) that

SUBHRA77'your a/cis in DR balance of RS 40603 pls trf funds by 9am tomm, to regularize the a/c and liquidationof of position, if reqd pls call your R/M/Cust Care'

I tried to call RM but his mobile was switch off, in the next day my stock was sold (rnrl [protected]@ 88.65, gujarat nre [protected]@54.95 and uniteche [protected]@93.55) before 10.30 am (I got a massege from Trader Terminal trf fund or your stock will sold by 10.30am )

My actual dr balance was 10603.

My question is why my stock was sold with DR balance of Rs 40603, my cheque was cleared on 27/05/09 and not updated my trading A/c till 04/05/09, is this my fault ?

I think it was unauthorised trading by indiainfoline. I could hold those stock for long time.

who will compensate my future profit for holding the stock.

on 04/06/09 I called to customer care ([protected])of indiaifolineltd to solved my question but they not given me any satisfactory answer. I also called rm but he also faled to do anything.

so, I demand the the copensation for it.

Thanking You

Subhra Kanta Goswami

Nangi Chakraborty Para, PO- Batanagar Kolkata-700140
W.B
Phone[protected]