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.
Defaultâ²er, one who fails to appear in court, or to account for money entrusted to his care, or to settle a debt of honour.âJudgment by default, judgment given against a person because he fails to plead or make an appearance in court. [O. Fr. defaute and defaultâde = L. dis, apart, and faute.]