Against SML Developers Pvt Ltd-non refund of the amount, Visakhapatnam, Andhra Pradesh

Location/place: visakhapatnam

Name of company/service: SML Developers Pvt Ltd /Reasl Estate

On December 7th 2011 i paid an amount of Rs 13.6 lakhs to SML Developers (a real estate company) towards purchasing a plot of 800 sqyds, he agreed to complete the registration within 2 weeks, but this got postponed to a month. when asked he said it will take another month or two since he was trying to get the land under VUDA(Visakhapatnam Urban Development Authority) as it would enable me to get clearances if i decide to go for development in future. it was under panchayat till then. since i have bought 300 sqyd of land before from him, i trusted him and i waited. he delayed further and it was in May i decided to ask for refund. i informed him the same and in June he agreed to refund the amount and gave two cheques of Rs 650000 and Rs 710000 each and asked me to en-cash each of them with a gap of two weeks after August 18th, he also said he would pay me an interest for the delay he caused. As i deposited the first cheque on August 18th, the cheque got bounced. when informed him the same, he apologized for that and agreed to refund the amount within in a week. he said he was away and forgot to deposit amount in that account. after a week he called me up and requested for one more month of time and said by September 20th he would pay me with interest. September 20th passed and he didn’t refund the amount. his phone remains switched off or out of coverage area for most of the time. on september 24th he called me up and said he would refund soon and after that he didn’t contact me. his real estate ventures advertisement still comes on local tv channel. i have the following proofs with me- the receipt of the amount , the receipt bears the name of the company as “Sri Mahalaxmie Developers” and the cheque, which bears the name as “SML Developers” . he is about to shift his office to a new posh location and the guy is very much in business. he has very good reputation here in the city and has done several ventures previously. the first transaction with him was a smooth one , looking at these i trusted him and i waited this long, to this day the advertisement of his ventures comes on local tv channel.

kindly describe me the legal process that can be followed, i would like to resolve this in Consumer Court.


Comments

One response to “Against SML Developers Pvt Ltd-non refund of the amount, Visakhapatnam, Andhra Pradesh”

  1. i was about to buy the plot from them, thanks to your post i have changed my mind. i suggest you go and file a criminal case of Cheque bounce on them.

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