Address: Gautam Buddh Nagar, Uttar Pradesh |
We had taken franchise of this company with a buy back arrangement and promise of bank guarantee against return.
Registration amount rs 1 lakh and franchise fees rs 10 lakhs (Non refundable)
Everything was going well (We did not get to know their malafide intention initially), their team visited, all drawings, layout etc were given.
Now after 2 years when all the plant & machinery installed and full payment made to them, they stopped responding and did not release the purchase order and the bank guarantee as agreed in the franchise agreement.
When we started asking for orders, they started asking for more money on account of soda plant. Now we understood the fraudalent intention and all the team changed in between.
Beware of this company. They are totally cheaters. Was this information helpful? |
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