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.
By Mohammed Moolla. Default judgment is a judgment entered against a party who has failed to defend a claim that has been brought by another party. Where the defendant fails to defend an action, it is reasonable to suppose that the defendant is not disputing the claim or amount.