Can someone get the invested money back if the investment company is closed?

Community Forums Legal Advice India Can someone get the invested money back if the investment company is closed?

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      User_0d996eab
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        User_0d996eab
        PARTICIPANT
        March 7, 2025 at 4:48 am
        So my mom and her friends used to invest some money on a monthly basis to a company called prime reality
        But the company never returned the money and is now closed. Many people lost money to that company.(It happened 7-8 years ago). Is there something that can be done?

      • #40266 Reply
        Cleversajal8453
        Participant
          C
          Cleversajal8453
          PARTICIPANT
          March 7, 2025 at 10:27 am
          Ideally the assets of the company would be sold and the remainder would be returned to the investors, was any complaint made at the relevant time?

          • #40267 Reply
            User_0d996eab
            Participant
              U
              User_0d996eab
              OP
              March 8, 2025 at 2:20 am
              There was a case filled on them few years back but it went nowhere.

              • #40268 Reply
                Cleversajal8453
                Participant
                  C
                  Cleversajal8453
                  PARTICIPANT
                  March 8, 2025 at 4:22 am
                  Check the case status, generally there would be some outcome.

            • #40265 Reply
              Anshseeker301
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                A
                Anshseeker301
                PARTICIPANT
                March 7, 2025 at 12:07 pm
                Sorry bro. Money is gone. Don’t invest in private schemes without die diligence.

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