Karvy — Non receipt of traded amount

Address:

Karvy Stock Broking Limited, TKN Complex, Gandhi Bazaar Road, Opposite National College, Basavanagudi, Bangalore 560004

On our request, Mr Waseem employee of Karvy Stock Broking Limited sold 42 shares of Novartis India Limited at Rs 715 and 14 shares of Reliance Industries at Rs 1451.60 per share on 8/11/2019 and assured an amount of Rs 50, 352 to be credited into my saving bank account. We followed up with Karvy number of times and they were assuring of payment only through words and continued to postpone the date of payment, . We even met the officials of the Karvy Stock Broking Limited, but no payment has been recieved from Karvy till date. We sent a reminder letter to their Head Office at Hyderabad on 2/07/2020. There was no reply from them. We have filed a complaint with SEBI on 10/12/2019, which has been acknowledged by SEBI, Chennai.
We want Karvy Stock Broking Limited to pay Rs 50, 352 along with 24% interest from 8/11/2019 to till date.
Client Name: Mrs Jamuna Viswanath
Client Code: 10013906
Client ID: 19618152
Client Address : 54, Athreya, 11th Main, 30th Cross, Banashanakari 2nd Stage, Bangalore 560070