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Ashish Joshi   26 February 2025

Received amount erroneously

Respected All

 

I received my trading profit twice by erroneously by one of the online trading platform. I have withdrawn that money.

After somedays, that app people asking me to give that access profit amount to them else they will take legal action.

Does this have any ground that they can take any legal action?

 

Regards



 1 Replies

Vishesh K Sapra (Advocate Delhi High Court and Supreme Court)     26 February 2025

Hi, Under Section 72 of the Indian Contract Act, 1872, if a person receives money by mistake or under coercion, they are obligated to return it. In your case, the online trading platform erroneously credited your account with double the trading profit, which you have withdrawn. Legally, retaining this excess amount constitutes unjust enrichment, and the platform has the right to reclaim the overpaid funds. Failure to return the money may result in legal action against you. It’s advisable to promptly return the excess amount to avoid potential legal complications.

Although, there are ways through which you can retain this money. Reach me out at adv.vishesh@icloud.com for further assistance.


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