Refundable deposit

Querist : Anonymous (Querist) 04 February 2024 This query is : Resolved
Hello sirs,

I paid 12 lakhs for refundable stockist deposit of one tyre company. The company is OPC pvt ltd, they made a stockist agreement for 2 years and when we ask cancellation or they terminate within 30 days they will refund my deposit amount.

But last July 2022 I send a mail for cancellation and ask my deposit amount, they replied for give 2 month time period October we repay your amount. But still now Feb 4 months gone they not give my money.

So experts please advise me, what can I do for collect my money ..

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Quick Summary

A user paid a refundable stockist deposit of 12 lakhs to OPC Pvt Ltd, with an agreement for a refund if the contract was terminated within 30 days. Despite requesting cancellation in July 2022 and being promised a refund by October, the company has failed to return the money. The advice given is to issue a legal notice demanding the deposit back within one week, failing which a money recovery suit can be filed in court.

kavksatyanarayana (Expert) 04 February 2024
a repeated query. Today you posted the same query and it was replied to.

T. Kalaiselvan, Advocate (Expert) 09 February 2024
You first issue a legal notice demanding the return of the deposit amount within one week from the date of receipt of the legal demand notice, failing which you can proceed through court to file a money recovery suit on the basis of the documentary evidences in yor possession

You have repeated the question hence the answer is also repeated.

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