My father had kept a Fixed Deposit of 2 lacs in XYZ pvt. ltd company. My father passed away last year.
Now, the FD's have matured, but the promoter is refusing to give the principal amount back saying that his financial conditions are bad. He agreed to give the above amount in a monthly installment of Rs. 5000/- for which i agreed (this was a verbal agreement). Now, even these cheques of Rs. 5000/- get bounced due to lack of funds in his a/c.
Please advise on my below doubts :
1) what kind of complaint can / should i lodge - Civil / Criminal ?
2) What is the procedure to lodge the required complaint ?
3) Knowing the long time that cases in India take to come to conclusion, can i really expect to get my money back by going to courts ? (or will it only be ---tareek pey tareek--- ????)
