- This topic has 0 replies, 1 voice, and was last updated 1 year, 4 months ago by
.
-
Posts
-
-
UI have invested around 5 lakhs in 2023 in KREDX for bill discounting (Enterprise – Dunzo), which matured (the deal is supposed to complete) around Aug 2023 – as most deals are of 2 to 3 months long.
However, the payment is still pending, from the company – Dunzo. **Basically pending since more than 730 days.**
* I am aware of the issue that Dunzo has been facing.
* I also receive mails from Kredx, once a month or so, on the current status of the legal proceedings that has been initiated by them against Dunzo – however, no progress on that.
* I have spoken to my assigned “account manager” in Kredx in the past and they have repeated the same sentence that is mentioned in their once-in-a-month-status-update mails.What I want to know, specifically, from people having such experience/knowledge of these bill discounting platforms like Kredx,
**what is my recourse in this regard?**
**What can I do to receive the amount?**
**Is it possible to put pressure on KREDX to provide us the money?**
**Example – Is consumer forum option possible?**
Documents received while engaging in the deal :
* Deal report
* Agreement for Creation Of Rights
* Risk disclosureI have made small other payments prior to this stuck deal, in KREDX, which got successfully completed – and some too in the same enterprise – Dunzo. Hence, this was really shocking, that if an organization is facing operational issues, KREDX has still valued the deal quite high, and have facilitated the transaction.
-
