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Sudhir Borkar

Bhandara

I am a Registered Stock Sub broker. Before 2 years ago one of client invested money with me (It's around 25 Lac) as per the experience, I orally told them that we can get a good profit from the future market (as everyone in that industry is working for catching good profit from the future market so I also did that but unfortunately not able to catch and lose that money) Now after 2 years in daily trading its money becomes in the loss. Now he asking that money from me as I can not give that much to them and it's not my fault as market get negative and loss the money. Since last 6-7 month, he shouting and threat to me that i will mail to main broker and complaint you and destroy your carrier I will complaint to police and file 420 case etc etc. else you have to give me monthly interest on that and after that full money which is lost. As I am a small sub-broker I don't have that much of income I tried to give them interest for 5-6 months in lockdown also.

Expert's Answers(3)

Advocate Satej C More
Mumbai, Maharashtra

17 Client Ratings

Dear Client, You have not done any breach of law. In case if you have sign any documents then you are liable to fulfil your part. Please disclose all the facts of your case. In case of any further advice please connect with me

December 1, 2020
Kishan Dutt Kalaskar 40 years Exp (Retired Judge)
Bengaluru Urban, Karnataka

187 Client Ratings

Dear Sir, No, 420 case can be registered against you, if registered then you can go to High Court and file petition for quashing the same and also obtain anticipatory bail. Please discuss. I could have explained more if background is known to me. I am at your service if you visit my office. CLICK ‘like’ if satisfied or CLICK ‘Talk to Lawyer’ for further clarifications

December 1, 2020
Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

All the investers are primarily supposed to understand that the Stock broaking/Trading always depends on unpredictable market tendencies. And the market tendencies are not controlled or managed by anyone. It is a general principles of the Market. Hence it is not an Offence hence, no one can be held responsible. Only the market records are sufficient to set you free of any allegations. Therefore, no criminal charges can be framed against any services provider.. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

November 30, 2020