CIVIL SUIT IN HIGH COURT

Dear Shalaka Patwardhan,

You have not mentioned the amount of money due and payable by the Company to you (this is necessary for the purposes of working out the question of jurisdiction for filing the civil suit for recovery as no body can directly go and file a proceeding to High Court unless the question of pecuniary jurisdiction is addressed) secondly you will have to shell out about 8% of the amount claimed as the cout fee for this purpose which ipso facto does not seems to be a good choice.  It is advisable that you go and file a complaint before Economic Offences wing detailing all the facts and circumstances of the case and simultaneously initially address a statutory notice u/s 433 and 434 of the Companies act and thereafter file a winding up petition against the Company for security your admitted debt.(which is a better alternative as compared to civil suit).

Best Regards

Daksh

If you want to claim the investment back then filing of the Winding Up of the Company petition before the High Cout is highly efficacious and expeditious remedy .

I agreed with devajoti first ensure that company not bound up their business already than you should give statutory notice u/s 434 of compnies act.

WINDING UP SUIT AT H.C EFFECT

In all such cases the investors wake up when the whole property of these money market swinderlers is diverted elsewhere , since in greed. When the body is dead what you can do Law or no law.