Sterling Tree Magnum Complaints & Reviews

We have purchased and invested in Sterling Teak Magnum in 1995.
We have yet to see any progress or claims to refund or be able to sell the Teak trees and land promised.

We are now Senior Citizens and need the income possible if the Court Judgement is made possible to assist the Seniors as soon as possible.

Thank you...

My name is Paul Saud Travasso, a senior citizen of 84 years old.

On 30/09/1993, I had joined Sterling Tree Magnum Child Millionaire Teakquity Scheme. by paying 20, 000/- in the names of my children, Sally Goretti Travasso and Kenneth Nelson John Bosco Travasso. The Company issued me Child Millionaire Teakquity Certificate No. M15, indicating that I owned 16 Nos of trees. The maturity date of the scheme was 29/09/2013.
br...

I am not getting refunds from 5 yrs giv me my mone back. If you have a way to get money back please call me [protected]...

Saravanabava R
from Tamilnadu,
I had purchased two teak trees worth rs.1775 each, on 5/8/1995 and its maturity date is 4/8/2015 with assured mid term payments. However neither has any mid term payment been made nor has there been any communication from the company.

I expect a note from the company giving details of the current status along with the interim payments promised at the end of the 6th and 12th year....

Purchased 1 Tree in 1997 and Maturity was supposed to be in 2017.
I have not received any information about the same.

In addition to this, 2 Tree were purchased under my husband's name and there is no update on that as well....

Sep 06, 2021
I had purchased 20 teak tree @ Rs 1475/- each total value rs 29500/- on 03/03/1995 and its maturity date is 03/03/2015 with the certificate number A633.

I had ouyrchased 27 trees @ Rs 1775/- each total value rs 47925/- on 27/06/1995 and its maturity date is 27/06/2015 with the certificate number G452/

SO far i have not received either the interim mid terms or the maturity amount .
br...

Dear sir,

I have invested in a total of 6 trees amounting to Rs 10, 000.

The original certificates are available to me.

The company is not responding to my emails.

May I request you to intervene and arrange the company to pay me the maturity value of my investment

Thanking you

Mohan Kumar R...

My name is Asim Mohapatra. My father D.M Mohapatra purchased certificates for 2 trees planted at parvathipuram, Vizianagaram, application no.- W 31336 dated 11/09/1995 certificate no.- D5380. Certificates purchase value was Rs.2950. Returns for them were due on 2014. My father has passed away but my mother is the listed nominee on these. I haven't revieved any of the amount which was to be paid to me. I request you to please provide me with...

Hello,
My dad had purchased a teakquity policy from Sterlin tree magnum.
The ceritificate no. is A4031 and the Application number is L6810.

No. of trees purchased is 45.
our policy maturity date was 30/08/2014.

We've been following on this for years, but there has been no communication of any form whatsoever.

please look into this and help us....

Hello - I bought 11 trees via application number C114851 in 1996 for rs 22, 500. I went to their Chennai office around 2003 and opted for money return option. After that no correspondence from them and also the office is closed. Have no update on the high court case.

Can someone help us on how to proceed here? Will be very thankful for any kind o[censored]pdates...

I have purchased teak tree bearing price value RS.975 ON[protected] and date of expiry of the scheme was on[protected]. I haven't received payment for teak tree certificate maturity value till today.

Application No. - 641200
Certificate No. - T30438...

My father has purchased 1 teak tree of rs 1775/- dated 22/03/1996.
Maturity date of this certificate is 21/3/2016
Maturity amount after 20 yrs is rs, 97500/-

I have no communication from stm or money from them.

What shld i do and how do i lodge a complaint legally?

Kindly advice, as my father passed away : (
No one there help me with this situation.

Kindly help.br...

Consumer complaints logo
menuSubmit ComplaintSearch
Home iconHome
Question iconQuestions
FAQFAQ
Search
search
Sign InSign in
© 2020 Consumer Complaints Forum
If you have any constructive thoughts, creative ideas, or reasonable offers, please, contact us immediately via E-mail
([protected]@gmail.com)


Sterling Tree Magnum (India) Ltd —...

I joined this scheme on 5 5 1995 invested for 5 trees. Application no G120082 and certiy number D 10021. I am supposed to get two interim payment from the company apart from the maturity amount. I went to their office at Kodambakkam and personally enquired about the payment but did not get any proper reply. I have not received any interim po or final machurity amount till date. The promoters are enjoying with the hard earned money of investors...

I had purchased a teak tree worth rs.25000, during 1993 and its maturity date is 2013 afater 20 years and with a promise of assured mid term payments. However, till date neither has any interim payment been made nor has there been any communication from the company till date.

Please help
How do i get my money back with dividends.

Can any of you help us.

K bhasker
Flat no 405, b...

Hello STM Investors,

I have got your E-mail address from Consumer Forum website and have come to know that you invested in Sterling Tree Magnum and are expecting the maturity amount to be paid back to you.

I am also an investor just like you and founded an 'Association of STM Investors' to collect all investors on a single page. You can join us via our WhatsApp group, Facebook page and Twitter handle whose links...

Dear sir,

1. It is since long that the trees have matured but we have not received any amount as promised till date. The company assured for interim payments at intervals of 5-6 years and full payment after 20 years ie in 2012 and 2015, but till dt nothing is received. Details of the trees certificates issued by the company are as under:-

Name cert no nos

* aroma 131817 01
* randeep singh...

I have purchased 2 teak tree on 30/06./1996 in which first & second interim return were promised respectively on 29/06/2002 & 29/06/2008 but i didn't get any information from the company. Now it's already matured on 29/06/2016.
But till now i didn't get any information from the company. I want to sell both the trees.
I have been transferred to delhi. Contact number is also changed. Plz take care of this matter & suggest what...

I have purchased teak tree of 1775 on 27/12/1995 and its maturity date is 26/12/2015.
My application number is r20107
And certificate number is k11415
Owner name is ashok chintaman jadhav.
My current address is
72, dgp nagar-2, kamatwade shiwar. Ambad link road. Near mauli lawns.
Nashik. 422010.
Let me know from where i will get my maturity amount and when.
Contact me on [protected]...

Hey,

My family had invested and purchased 15 Teak Trees from sterling tree magnum in 1996 for the principal amount of Rs. 25, 000. The investment amount has matured and the matured amount with interest amounts to Rs. 10, 80, 000, how does one go about collecting the amount now. The company's number and address are completely unreceptive.

Sarthak Pandya...

I had purchased 5 teak tree worth rs.1475/- each on 25/05/1995 the maturity dated was 24/05/2015, but as per compnay, i have not received any midturm return or heard anything from company. The brief detail is as under:
Name of the owner: kunapareddy rambabu
Nominne name:1) k ramadevi
No. Of teak trees: 5
Age of owner: 35
Application no. G 172751
Certificate no. D10061

I request you...

Dear sir,
I have purchased two teak tree on 18/02/1997 in my son's name himanshu &kunal tangri vide their application no. A142162 &a142135 and certificate no. J10175 &j101733 issued by the stm on 07/06/1997.
As per the terms co. Supposed to make interim returns payable by 17/02/2003 and second interim returns by 17/02/2009.

I have tried my best to locate their address (Address mentioned in the certificate is...

Hi,
This is vivek raman from pune. I had purchased 1 teak tree on 19/10/1995 and the date of maturity was 18/10/2015. The application no is j 506405 and the certificate no. Is k6749. The first interim returns payable was on 18/10/2001 and second was payable on 18/10/2007. The maturity value of the certificate at the end of the 20th year is rs 97500.00

Further to this complaint i would like to inform that i have not...

My husband t v padmanabhan purchased teak tree each fpr rs 1775 during 1995 and date of maturity is 29/6/2015.. But nothing received from stm even an intimation.
Date of joining...30/06/95 and certificate no k855
First interim returns payable by 29/6/2001 and second iterim payable by 29/6/2007.. But received nothing.
Now my husband is no more and i am the nominee.. Please do the needful
Application number j509702...

I am y n rao, purchased 5 trees on 17/01/1995 (Certificate no. D14538) with a purchased value 0f rs.1475 from sterling tree magnum with a guarantee teak timber 1.06 cu. M per tree. So far i have not heard of the company status, communication, payments as per their easy retirement teakquity plan

Company promised payment plan
D/ no. Of trees 5/one time full payment rs.7375/-/interim returns end of 6 years rs.6, 125/end...

I have invested in 1 teak tree since 26/1/1996. With accordance to para 12 of explanatory statement under section 393 of company act as per orders dated[protected] of hon. High court madras, accompanying the scheme of arrangement as per report of dr. J. B. Lal and dr. Uma malkani, i had opted and sent consent for option 2 on 4/5/2008 i. E. To deliver 0.80 m3 of commercial timber at the end of 15 years. Since the period of 15 years since investment...

Sir/madam,

I had purchased a teak tree worth rs.7300 (Rs.3650+rs.3650), on[protected] and its final maturity date is[protected] &
[protected] &[protected] with assured mid term payments.

However neither has any mid term payment nor final maternity amount been made nor has there been any communication from the company.

I expect a note from the company giving details of the current status...

I have invested in Sterling Tree Magnum (India) Ltd. on 29/4/2002. My policy maturity is also over. Neither I have received any premium or any amount on my policy maturity from the company. My policy expires on 29/04/2016. I have tried enough to get in touch with the company but there is no response or no way I can get in touch with them. Please connect me on [protected] for any details Thanks...

I m s dinesh had purchased 15 teak trees on 30th july 1994 at 1475 per tree with maturity on 29th july 2014. Till now no payment has been made and no contact information about the company is available anywhere. Application number is w18784 and certificate number is b8. My updates address is as follows no. 313 ground floor 5th main 2nd block 3rd stage basaveshwaranagar bangalore 560079...

I am vijay pandurang todkar... I was purchased 11 trees in stm in 1997... For that i submitted 2300. The validity of that is expired in this year 2016. But there is no response from company. I invested that money for my daughters marriage. Company cannot return my money. So i want to know when i will received my money from sterling tree mangum.. My certificate no is 'q 6891'....