Fixed Deposits
Non Repayment of Fixed Deposits

I am Rakesh Kumar Gupta, resident of 78, Deshbandhu Society, I.P.Extn.15, Patparganj, Delhi-110092. My landline telephone no.is 22733457 and Mobile No.is 9958222628. I invested Rs.50, 000/- in your Company in Fixed Deposit account jointly with my wife Mrs. Ash Gupta. The deposits were in the denomination of Rs.20, 000/-, Rs.20, 000/- and Rs10, 000/-. All these deposit receipts matured longback in year 2001.On maturity I deposited all the three instruments duly discharged with the company for payment. But I regret to state that despite my repeated requests/reminders in writing as well as telephonically, the amount has not been paid till date. I understand the Company Law Board also issued orders for the payments of the FDRs matured. But their orders have also not been honoured and the depositers who put their hardearned money with the company are severly suffering due to nonpayment of their Fixed Deposit amount by the company. There are also some depositors who are retired and put their superannuation amount in the Fixed Deposits with the company for the livelihood of their retired life.

Company: Fixed Deposits
Country: India

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