breach of promise
d.babu
(Querist) 30 April 2009
This query is : Resolved
i am working in shares office and under theadvise of my relative athyderabad i recommended some of the clients at hdyerabad to open account at the broking company.on the condition with the broking company to distribute 50 percent of brokarage to me. accordingly, four clients started business with the lending money of the broking com,pany and the company generated nearly 9 lakhs of rupees as brokarage, in whcih i am eligible for 4.5 lakhs of rupees . at the time of opening the account, they sent mail to my relative at hyderabad to share the brokarage equally. now, they refused to share the brokarage and did not pay even a single pie either to me or to my relative. how can we recover the brokarage of 4.5 lakhs from the comapny,. shall the message sent through mail is legally valid at the time of opening the acounts.
adv. rajeev ( rajoo )
(Expert) 30 April 2009
Dear Babu,
It is not clear in que., that whether there is any written agreement between u and the broking co.,without any written agreement regarding fifty percent brokarege u cannt do any thing. Even u cannot sue them for breach of agreement.SMS can be considered but without written document u cannot do anything.
Y V Vishweshwar Rao
(Expert) 30 April 2009
I agree with the suggestion made by Mr Rajeev and further add that, it appears that there is no written agreement . Though there is no written agreement , the mail and other attending circumstances can be taken as evidence and a suit can be filed .
Shashikant V. Patil
(Expert) 02 May 2009
Our learned friends are correct. You do not hold any papers for sharing nor lending Rs. 4.5 lacks for brokerage. Collect all details of this Company. And on basis of mail, SMS , bank account details , file a Police Complaint against the Co. and its official for cheating you.
