Alright...update time...
After nearly 4 months of constant follow-ups, several phone calls, 2 bounced cheque and 1 'official' notice later I finally managed to get my money back in 2 easy interest-free installments.
The manager had been 'moved' to the Chennai branch and for some reason he chose to keep changing his phone number every 2 weeks...he transferred 50K a couple of weeks back and handed me the balance in cash this Saturday. I suspect the balance was paid since I landed up at their showroom precisely at the moment when he was 'visiting' and was distracted by a phone call and could not notice me approaching.
It turned out that he had sold the items to another customer and pocketed the money...and repaid me at his convinience. Also noticed his swanky new iPhone...wonder where he got the money for that from???
Net-net...I got my money back and ended up a wee bit wiser...
Danke!