Share trading transactions disputes

Querist : Anonymous (Querist) 14 June 2023 This query is : Resolved
Civil Law Share trading transactions disputes Querist : Anonymous (Querist) 13 June 2023This query is A firm has filed suit against me by producing fake bills as he found unregd.firm later under sebi act 1992 as to file civil suit they have taken firm registration later under partnership act and under sebi act. I have made a complaint to sebi and BSE authorities they have given in writing that firm was not sebi regd.during disputed transactions. As civil suit has taken too much time of 21 years as he has filed case in 2002 . Earlier order was given in my favour in 2013 but the party has taken stand in high court that this is the case of accounting not shares related disputes and after that means after 14 years they have produced fake bills from their computer to mislead court now what should i do ? Its a fact that SEBI has given in writing to my complaint to P.M.OFFICE that trades have not been done on exchange platform you approach competent authority So exactly i cant understand that what should i do ? So that again they if goes to high court will not get favour as recovery suit is totally fictitious with malafied intention.Also firm has not shown sevice tax in the bill which sub broker is required to pay so it proves that bills are fictitious so pls kindly advise and guide. Thanks

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Sudhir Kumar, Advocate (Expert) 14 June 2023
vague query give full facts.

kavksatyanarayana Online

(Expert) 14 June 2023
Yes. State full facts of the case.

Querist : Anonymous (Querist) 14 June 2023
Civil Law Share trading transactions disputes Querist : Anonymous (Querist) 13 June 2023This query is : Open 13 June 2023 A firm has filed suit against me by producing fake bills as he found unregd.firm later under sebi act 1992 as to file civil suit they have taken firm registration later under partnership act and under sebi act. I have made a complaint to sebi and BSE authorities they have given in writing that firm was not sebi regd.during disputed transactions. As civil suit has taken too much time of 21 years as he has filed case in 2002 . Earlier order was given in my favour in 2013 but the party has taken stand in high court that this is the case of accounting not shares related disputes and after that means after 14 years they have produced fake bills from their computer to mislead court now what should i do ? Its a fact that SEBI has given in writing to my complaint to P.M.OFFICE that trades have not been done on exchange platform you approach competent authority So exactly i cant understand that what should i do ? So that again they if goes to high court will not get favour as recovery suit is totally fictitious with malafied intention.Also firm has not shown sevice tax in the bill which sub broker is required to pay so it proves that bills are fictitious so pls kindly advise and guide. Thanks

kavksatyanarayana Online

(Expert) 14 June 2023
You approach in HC or as your advocate said. If you have sufficient proof that they are producing fictitious and fake bills it will help you.

T. Kalaiselvan, Advocate (Expert) 14 June 2023
Since the case is reported to be running for over a period of 21 years and it is also not known what all transpired in this long drqwn trial, no opinion can be rendered to your query which is devoid of details, you may contact any expert advocate either from this forum or outside and seek second opinion or advise on all such further issues.

Dr. J C Vashista (Expert) 15 June 2023
I concur the opinion and advise of experts.
It is better to consult your lawyer or replace if you have lost faith in him/her.