The investor should file a written complaint with CMIC stating the grounds for the complaint and attaching thereto documents to support the claim. If CMIC finds that there is probable cause for the complaint, CMIC will commence investigation.
A default judgment is a judgment entered by a civil court when a defendant does not respond timely to a plaintiffâs lawsuit brought against him.
This research guide is not intended as a substitute for doing your own research. Definition: A default judgment is usually obtained by the plaintiff when the defendant does not appear at a hearing or neglects to file an answer to the summons and complaint.