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Duped of 8 Lakhs: What Should I Do?

Milind Vadjikar |1106 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 12, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Asked by Anonymous - Mar 12, 2025Hindi

Money

I was duped of some 8L rs by fraudster and had completed the legal process where in court has ordered indusind bank and bank of Maharashtra to refund me money which is held by them..it been more than month since order was issued still no update is available from bank regarding credit back of the amount in my account.what next I should do..

Ans: Hello;

Send a reminder notice to the banks seeking time bound implementation of the Court order.

Either they may be preparing to appeal against the lower court order or it may be just a case of procedural delay.

Await their feedback before escalating to the court.

Best wishes;

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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