Lloyds Finance Ltd
Nonpayment of Principal Amount and Interest
- 12-11-2008
- 240
We had deposited money with Lloyds Finance Ltd in fixed deposit plan as per following details:
NAME RECEIPT NO AMOUNT MATURITY DATE
Vishwa Dev Sharma F/1196015509 10, 000 14.11.99
Veena Sharma F/1196015507 10, 000 14.11.99
Vikas V Sharma F/1196015511 10, 000 14.11.99
Vinay V Sharma F/1196015512 10, 000 14.11.99
We had sent fixed deposit receipts duly signed to them on 8.11.99. Thereafter, we received 1st installment of RS 2, 000 each on 07/06 for Vishwa Dev Sharma, Veena Sharma & Vikas Vishwa Dev Sharma and for Vinay Vishwa Dev Sharma we received the same on 22.11.2001 along with original fixed deposit receipts duly endorsed by them. We sent original fixed deposit receipts again to them as per their advice for payment of balance amount. We are still awaiting the payment of balance principal of all the above-mentioned fixed deposits.
We have followed up with their office on phone as well as by mail repeatedly but futile. We have sent 3 reminders in writing on 01.02. 17.09.2002 and 11.11.2002 respectively. On our follow-up with their Baroda office on 24th Feb we were asked to apply for payment to their office. So an application was lodged with their Baroda office for forwarding to them on 01.03.2007. When we did not receive any reply from them, we contacted their Mumbai office on 01.06.2007 and were advised to send an application directly to their Mumbai office. Accordingly we sent an application in this regard same day to them.
Helplessly we requested Consumer Education and Research Society, Ahmedabad of which I am the member to help us in the matter in Dec. The company replied that a special committee is looking into the matter and that payments to the investers who had invested the amount of Rs 5000/= or below have been cleared and they have now taken up the task to make the payments to the investers who have invested amounts up to Rs 10000/=.
When we did not receive any response from them till date we contacted their Mumbai office and we were advised that the payments will be made in the month of June and that we are to send a reminder to their Mumbai office for early payment. Since we are in dire need of money you are requested to intervene.
Thanking you.
V.D.SHARMA
Company: Lloyds Finance Ltd
Country: India