[Resolved] Shriram Insight (P) Limited — Purchase of shares
My name is A. SREENIVASULU and I am from Hyderabad. I opened a demat account in Shriram insight, Himayat Nagar and their headquarter at Kolkata. At the time
they told me the brokerage charges are very low as compared to ICICI demat. As already I am having a demat in ICICI. Last 10 days back I purchased LCCinfotech shares
quantity of 88,000 @ Rs. 0.8. at that I am having my demat balance only Rs. 6,450/-. Actually I purchased it is only for intraday only. Shriram insight people set the
limit only for Rs. 64,500/- but my order is for Rs. 70,400/-. If, I placed order more than Rs. 6,450/- the rule is, it is not going to be executed as I allotted
only for Rs. 6,450/-for delivery of shares. I don't know how this order is executed and it is totally their software failure problem. After executing the order
within 10 minutes they dialed me and told me this trade is B-trade and told me not to sell today. Again, they dialed me and demanding Rs. 50,000/- cheque and created
serious problems to me. I transferred within in half-an-hour Rs. 3,800/- to sriram insight demat account. Again and again they are demanding money so I transferred Rs.
30,000/- to sriram after two days. Now, presently I am having my balance in Shriram demat balance is Rs. 39,500/-.
Now, presently I am having two problems with the sriram insight.
1. Now, sriram people are saying that they are going to charge on each share (Rs. 0.07) as they are not charging on the total amount and I have got the bill of Rs.
6,100/-. This I am not agreeing as this is not my default and it is totally mistake of sriram insight and I am demanding for charge on total amount. I told them I am
going to file a case aganist sriram insight in the court. For the same quantity shares if I purchased in ICICI, Demat they are going to charge me only in between Rs.
100/- to Rs. 300/- on the total amount. At the time of registration they signed me on the forms and I don't know what it is?
2. Now, they are telling they are going to charge interest 24 % P.A. on balance amount of Rs. 26,000/- as they told me previously they are not going charge for the
balance amount. This is the total mistake of sriram insight only.
I am asking you advise and how to go the court and tell me in which court I am going to file and how can I proceed? Note that this is total mistake of Sriram insight
In sriram insight
Complaint marked as Resolved Aug 14, 2020
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