Only NSE can answer above questions. I don't have all required data to answer such question.
If broker is declared as bankrupt & shut down business, then it is definitely a long long process. But, if broker is active solving such complain like 'cannot transfer funds from trading account' is quite easy for NSE.
There are already many complains against UNICON SECURITIES PVT. LTD launched in this APRIL. Which are Under Process (can take long time if they declared as bankrupted). You can see some complains against known active members like ICICI SECURITIES LIMITED,
RELIGARE SECURITIES LTD, SBICAP SECURITIES LIMITED etc is already solved within few days.
You can see from below links:-
http://www.nseindia.com/invest/content/arbitration_reports/report_1a_2014_15.htm
I have noticed there are many complains against BMA WEALTH CREATORS LIMITED now a days, so beware friends.
As complains solved one by one it is better register it quickly.
From my personal experience I think NSE tries their best if broker is active.
Once, I have an honest complain against MOTILAL OSWAL SECURITIES LTD in 2008. I threatened them by the name of NSE with all valid reasons. They refunded my money back within 3 days with apologizes. :lol:
That is prove that NSE takes actions (at least in some clear cases).
So try your best, complain as soon as possible. And tell your bad experience (with cheaters name) so that others can benefit.
Best Wishes.
Long time back, i was cheated by a company
First Financial Holdings Ltd.
One day, they suddenly shut the shop. when clients asked for money, they try to convince clients by giving furnitures.
That owner paralley having Furniture business.
Suppose they have to return Rs50,000. they give furnitures worth 25,000rs and tell the clients its best product. (Price tag shows rs50,000 but outside market its worth Rs25,000)
Clients who doesnt agree for this, have been given a post dated cheque.
When clients complain this matter in Nse, nse people asked those clients to come to agreement with broker and not to contact nse.
This gave a big shock.
Because we went directly to nse office and posted complaint.
after 1 month. no one can contact those first financial holidings limited employees and owners.
Finally many lost their money.
Its a big joke that how far online complaints are getting solved.
Its official website of nse and they can put everything as solved.
who is their to raise question if they really solved it or not?