Common use of Complaint filed by Xx Clause in Contracts

Complaint filed by Xx. Xxxxxxx Sindoori against HMIT. A complaint was filed against HMIT on April 1, 2015 by Xx. Xxxxxxx Sindoori with the Economic Offenses Headquarters, a division of the Chennai City Police Department. The complaint alleges a violation of Section 5 of the Tamil Nadu Protection of Investors Deposits Act and connected ss. 420 of Indian Penal Code. Dr. Sindoori alleged that he had deposited a total of $5,950,000 rupees (or approximately $88,000) with HMIT on which he was to receive a 12% return. The money was not repaid to Dr. Sindoori in accordance with the terms of the deposit agreement. The matter is under investigation and no charge-sheet has been filed, on the ground of federalism and applicability of the State Act in this case, as the subject matter is governed by a central legislation i.

Complaint filed by Xx. Xxxxxxx Sindoori against HMIT. A complaint was filed against HMIT on April 1, 2015 by Xx. Xxxxxxx Sindoori with the Economic Offenses Headquarters, a division of the Chennai City Police Department. The complaint alleges a violation of Section 5 of the Tamil Nadu Protection of Investors Deposits Act and connected ss. 420 of Indian Penal Code. Dr. Sindoori alleged that he had deposited a total of $5,950,000 rupees (or approximately $88,000) with HMIT on which he was to receive a 12% return. The money was not repaid to Dr. Sindoori in accordance with the terms of the deposit agreement. The matter is under investigation and no charge-sheet has been filed, on the ground of federalism and applicability of the State Act in this case, as the subject matter is governed by a central legislation i..