Why Flipkart auto cancels order after Payment ?

I have ordered Iphone 6s through Flipkart on 31-08-2016. I have made the payment through my credit card and my delivery was on 08-09-2016. i have waiting for the delivery and finally today i.e., 06-09-2016. I have got a message that the order was cancelled due to lack of stock. If there is no stock they shouldn’t have taken order and take the payment from the customer after a week cancelling and giving a message to the customer that amount would be refunded in 7-10 business days. This is seriously an issue to be taken action. As we were waiting for the product many days and without any permission cancelling the order and again wasting the customer time for refunding the amount of 7-10 days.. Finally Flipkart is wasting customer time and not at all secured website and now am worried about my money and I need to wait for more 15 days to get my money and to buy phone. Please take an action on this issue i have everything order id and screen shots of the cancelled order.

Regards
laxmantejachowdary6@gmail.

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