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Bairathi’s statement says that they had been skeptical of Ringing Bells and their business model, but decided to go ahead with the deal in good faith. Cyfuture claims that allegations of unsatisfactory services being provided to terminate the contract are false and unsubstantiated. The company lists players like IBM, Wipro, ICICI, Aviva, Axis Bank as its clients on its official website.
Bairathi said as per their agreement, in the event of termination due to unsatisfactory services, Ringing Bells was to provide a 30 day notice-period and make all pending payments.
Refuting the charges, Ringing Bells said people approaching helpdesk were unable to connect and the company directly received thousands of complaints from customers in this regard.
Now Cyfuture are planning to take all necessary legal recourse including filing a police complaint to fight thier case. they have started talking with police and file case by today or tomorrow.