Angel One has breach the contract with their AP Angel One has breach the contract with their AP

5 months ago

Angel One has breach the contract with their AP(Sub Broker) at the time of agreement their was no such clause of minimum brokerage and minimum accounts to be open in a month and they just imposed this without intimating any msg to Sub broker and they just sent a terminating letter
i need to take very serious legal action against angel one

Abhimanyu Shandilya

Responded 5 months ago

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A.Dear Client
If there was no such clause then certainly you can and you should take strong legal advice against the Angel One.
Please share all the details and documents to review with our Vidhikarya team and then the next course of action will be decided.
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Vidhi Samaadhaan Vidhi Samaadhaan

Legal Counsel Vidhikarya

Responded 5 months ago

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A.Dear Client,
Generally, liability for breach is defined as civil liability that is derived from a violation of a contractual obligation or a failure to render the performance that is due under a contract. Thus, once a breach occurs, liability arises. If you are confident about the action of Angel one that breaches the terms of the contract, you may file a civil suit for breach of contract before the Civil Court claiming compensation for damages and other reliefs. Reach out to an Advocate for guidance and steps.
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Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 5 months ago

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A.Dear client
If you haven't already, consider sending a formal notice of breach of contract to Angel One. Clearly outline the specific clauses you believe were breached and request corrective action.
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