[Resolved]  Kotak Securities — Liquidation in wrong manner without any intimation

Address:

VIVEKANANDA PALLY, BAGDOGRA, DARJEELING, PIN-734014

Dear Sir,

My name is Alok Paul, my Client code is -4OGS1.

I want to draw your kind attention that till 06/9/2022 my account did not have any debit or shortfall. On 06/9/2022 I have bought 1000 Nos Adani Power and 400 Nos Adani Green. Because of this I have received FIRST debit mail on 09/9/2022 amounting to 1351181.74 in the morning. Till 08/9/2022 kotak securities app didn't show any pledge option for Adani Green and Adani Power . FIRST pledge option showed on 09/9/2022 and also I have done my pledge on 09/9/2022 Morning. But still in 09/9/2022 afternoon my shares has been liquidate without any intimation from Kotak Securities.

Because of this liquidation I have faced loss of approx 5 lakh also lost my mental peace.

First of all the liquidation of my previous holding shares is unlawfull and I want my loss amount i.e. 5 lakh back.

Please do the needful and inform me about the reason behind this.

All screen shots are attached,

ALOK PAUL
4OGS1

All screenshot attached