Comments
Chennai
[protected].
From
K Perumal (Contact No. [protected])
No 35, 2nd Cross Street
Padmavathy Nagar, Selaiyur Post
Chennai – 73
To
1. The Chairman appointed for the Meeting
City Limouzines (India) Ltd
102, B wing, Mittal Towers
Nariman Point, Mumbai, 400 021.
2. Smt/Sri Nirmala Bhosle
Advocate
457/1 Dwarkia Das Mansion
S V P Road, Prathana Samaj, Mumbai – 4
And also at
117/334 Nehru Nagar, Kurla(E)
Mumbai – 400 24.
3. Managing Director,
City Limouzines (India) Ltd
102, B wing, Mittal Towers
Nariman Point, Mumbai, 400 021.
Dear Madam/Sirs
With great respect, I am writing this letter,
1. I understand that in Company Application No. 993/2009 on the file of Hon’ble High Court of Judicature at Mumbai, in the matter of Scheme of arrangement between City Limouzines India Ltd and its Preferential Share Holders and unsecured creditors, You are appointed as Chairman to hold the meeting. I bonafidely understand that the meeting is scheduled to be held on[protected], but there is no notice received by me till date. I am one of the preferential share holder and creditor of the Company.
2. I am sending this letter on going through the notice available in net. I am not able to understand the meaning of the word Principal amount and Principal sum as mentioned in the scheme of arrangement, can you kindly clarify meaning of the same. Further more at Sl No. 7, a point has been included to keep the Civil and Criminal proceedings in abeyance. Is it legally permissible and binding.
3. I am interested to move a resolution in the meeting for certain modification in the proposed scheme of arrangement, can you kindly keep a room for that and also can you kindly inform the procedure to move a resolution for modification.
4. I bonafidely understand that you are also the Counsel on record and hence there would not be any hurdle or difficulty for making a room for the modification proposal. Further more, I made the following investments
1. On[protected] Rs 1,50,637 and in that the company agreed to pay me a monthly return of Rs. 6,000 for the period of 60 months, The company also issued a Preferential Shares for Rs 1,10,947.
2. On[protected] Rs 99,831 and in that the company agreed to pay me a monthly return of Rs. 4000 for the period of 60 months, The company also issued a Preferential Shares for Rs 73,515.
3. On[protected] Rs 99,831 and in that the company agreed to pay me a monthly return of Rs. 4,000 for the period of 60 months, The company also issued a Preferential Shares for Rs 73515.This is a Combo deposit of Rs 21,010 towards City Co Op Credit Society Ltd, Mumbai and the company promised to pay an additional sum of Rs 1,000 for 60 months.
Kindly reply to the following Questions and clear my doubt.
a. Whether I am Class A Creditor or Class B Creditor ?
b. What is the meaning of Principal amount, in my case?
c. What is the meaning of reducing balance?
d. Once the company decides to repay the amount, what is the difficulty in running the scheme as it is?
5. I trying to contact you and the company through email and other modes, but there is no response from your end, and hence I am forced to write this letter. I may be contacted at Cell No. [protected].
Thanking You
Yours Truly
K. PERUMAL
PREFERENTIAL SHRE HOLDER and Creditor.
Cell No. [protected].
[protected].
From
K Perumal (Contact No. [protected])
No 35, 2nd Cross Street
Padmavathy Nagar, Selaiyur Post
Chennai – 73
To
1. The Chairman appointed for the Meeting
City Limouzines (India) Ltd
102, B wing, Mittal Towers
Nariman Point, Mumbai, 400 021.
2. Smt/Sri Nirmala Bhosle
Advocate
457/1 Dwarkia Das Mansion
S V P Road, Prathana Samaj, Mumbai – 4
And also at
117/334 Nehru Nagar, Kurla(E)
Mumbai – 400 24.
3. Managing Director,
City Limouzines (India) Ltd
102, B wing, Mittal Towers
Nariman Point, Mumbai, 400 021.
Dear Madam/Sirs
With great respect, I am writing this letter,
1. I understand that in Company Application No. 993/2009 on the file of Hon’ble High Court of Judicature at Mumbai, in the matter of Scheme of arrangement between City Limouzines India Ltd and its Preferential Share Holders and unsecured creditors, You are appointed as Chairman to hold the meeting. I bonafidely understand that the meeting is scheduled to be held on[protected], but there is no notice received by me till date. I am one of the preferential share holder and creditor of the Company.
2. I am sending this letter on going through the notice available in net. I am not able to understand the meaning of the word Principal amount and Principal sum as mentioned in the scheme of arrangement, can you kindly clarify meaning of the same. Further more at Sl No. 7, a point has been included to keep the Civil and Criminal proceedings in abeyance. Is it legally permissible and binding.
3. I am interested to move a resolution in the meeting for certain modification in the proposed scheme of arrangement, can you kindly keep a room for that and also can you kindly inform the procedure to move a resolution for modification.
4. I bonafidely understand that you are also the Counsel on record and hence there would not be any hurdle or difficulty for making a room for the modification proposal. Further more, I made the following investments
1. On[protected] Rs 1,50,637 and in that the company agreed to pay me a monthly return of Rs. 6,000 for the period of 60 months, The company also issued a Preferential Shares for Rs 1,10,947.
2. On[protected] Rs 99,831 and in that the company agreed to pay me a monthly return of Rs. 4000 for the period of 60 months, The company also issued a Preferential Shares for Rs 73,515.
3. On[protected] Rs 99,831 and in that the company agreed to pay me a monthly return of Rs. 4,000 for the period of 60 months, The company also issued a Preferential Shares for Rs 73515.This is a Combo deposit of Rs 21,010 towards City Co Op Credit Society Ltd, Mumbai and the company promised to pay an additional sum of Rs 1,000 for 60 months.
Kindly reply to the following Questions and clear my doubt.
a. Whether I am Class A Creditor or Class B Creditor ?
b. What is the meaning of Principal amount, in my case?
c. What is the meaning of reducing balance?
d. Once the company decides to repay the amount, what is the difficulty in running the scheme as it is?
5. I trying to contact you and the company through email and other modes, but there is no response from your end, and hence I am forced to write this letter. I may be contacted at Cell No. [protected].
Thanking You
Yours Truly
K. PERUMAL
PREFERENTIAL SHRE HOLDER and Creditor.
Cell No. [protected].
I do agree with the comments posted by Shri K. PERUMAL, If contacted, please also give me a ring on my cell phone no.[protected].
I also agree with the comments of mr.Perumal, you may contact for any further development. My mobile No:[protected]
I am also one of the investor to City Limouzines India Ltd., from Belgaum, Karnataka. I also agree for non receipt of notice which is to held on 15-10.2009.I am also holding preference share of Rs.70, 000/- I want to know what is exactly the matter. Kindly give me a ring on my cell no [protected]
I am also one of the investor in City Limouzines India Ltd., from Bangalore, Karnataka. I also agree for non receipt of meeting notice which is to be held on 15-10.2009. I am also holding preference share of Rs.70, 000/- I want to know what exactly the matter is. Please give me a ring on my cell no [protected].
Dear Friends,
Thanks at least after reading your comments I am little ok.
I am from Mumbai and I have invested Rs.1, 30, 000/- five months back and from july cheque given by them is dishonourd by the bank and when I approached them they said it will be cleared after 7th, next time after 15th, next time after 25th and when I approached there office on 25/09/09 the door is locked and they have closed the office from 15th itself.
Now I am fully confused where to go, whom to contact?
pls friends help me if any one can
my contact number is [protected]
Regards
Amit Kumar Singh
Mumbai
Thanks at least after reading your comments I am little ok.
I am from Mumbai and I have invested Rs.1, 30, 000/- five months back and from july cheque given by them is dishonourd by the bank and when I approached them they said it will be cleared after 7th, next time after 15th, next time after 25th and when I approached there office on 25/09/09 the door is locked and they have closed the office from 15th itself.
Now I am fully confused where to go, whom to contact?
pls friends help me if any one can
my contact number is [protected]
Regards
Amit Kumar Singh
Mumbai
HI...i stay in Mumbai.Even i hve invested in this company..i hve caled up the advocates of the company nd they say tht a notice of the meeting wil be sent to u.but till date no notice has been recd by me..also they told me tht u wil get the proxy forms at the head ofice of the company but even tht has nt bee opened..i feel tht they r fooling us and jst asking time...i[censored] hve ny updates do let me knw on [protected]
we shall come together.. m also a preference shareholder
Please contact investor to such matter, but company not any contact with investor. Not provide proxy form. Also inform when meeting is called and where. And also provide me contact numbers for further informention. Please issue me this details at the earliest.
Hi all,
I am also one of new einvestor in city limouzines I had invested in July 2009 and these people had asked us to come after 1 and 1/2 month to collect agrement and other proff.so now we have only payment recipet and bank statement which show's cheque entry given to the city group.so please do inform us if anybody will get any news.and other then consumer court where we should put the complaint?
I am also one of new einvestor in city limouzines I had invested in July 2009 and these people had asked us to come after 1 and 1/2 month to collect agrement and other proff.so now we have only payment recipet and bank statement which show's cheque entry given to the city group.so please do inform us if anybody will get any news.and other then consumer court where we should put the complaint?
pl. finalize the matter as soon as possible.
To all sufferers,
Hi,
I've also invested in city limouzines three years back. since then it was a smooth sailing. I kept on investing every year. I watched the company for one year before investing into it. But still since they diverted the fund unauthorisedly for personal benefits. Now i'm feeling cheated. Such persons should be punished so that others learn a lesson.
Hi,
I've also invested in city limouzines three years back. since then it was a smooth sailing. I kept on investing every year. I watched the company for one year before investing into it. But still since they diverted the fund unauthorisedly for personal benefits. Now i'm feeling cheated. Such persons should be punished so that others learn a lesson.
Dear Perumal,
Your are right, the settlement proposed only benefit the company to set right. But as a investor the returns as stipulated is not going to come. I also didnot receive the copy of proxy. And there is no other option is mentioned in that form.
Pl update if any thing new.
Your are right, the settlement proposed only benefit the company to set right. But as a investor the returns as stipulated is not going to come. I also didnot receive the copy of proxy. And there is no other option is mentioned in that form.
Pl update if any thing new.
List Of Member who have lost their money in city limozines and total 14 companies that have their own rules of business !!
Names Phone no..
A. r prajapati [protected]
Nagendra prasad [protected]
Prakash [protected]
Milind [protected]
Vishnu [protected]
Ganesh [protected]
Gajanan [protected]
Heramani [protected]
Sandeep [protected]
Bilal Falke [protected]
Pednekar [protected]
P.D Reddy [protected]
Arun [protected]
T.V.Khairnar [protected]
Krishna [protected]
Ashish [protected]
Jivan Shete [protected]
Sanjay Kamble [protected]
H. Pawar 25578140
P.Singh [protected]
D.Y. Kadam [protected]
Anil [protected]
Mangesh [protected]
Manoj [protected]
Rajagopal [protected]
Bilkis Sayyed [protected]
Ziradkar [protected]
Luis [protected]
G.J Kopde [protected]
Sayyad [protected]
Avinash [protected]
Prasad [protected]
Nishikant [protected]
Deepak [protected]
Chalke 25396196
Sachin [protected]
Satnam Singh [protected]
Sujit Shete [protected]
Veldulkar 28846919
Sudir [protected]
Kishore [protected]
D.S Morya [protected]
Kishore [protected]
Mahesh [protected]
Shema naaz [protected]
Narayan Ranaba Nilawe [protected]
Suhs Gokarn [protected]
RAfique [protected]
Sanjay Pawar [protected]
Vibin Thomas [protected]
Naeem reva [protected]
Sunil Kharat [protected]
Popat Bansode [protected]
Mukesh [protected]
Ravi [protected]
Salim [protected]
Shreedhar [protected]
Pankaj Parmar [protected]
Sumn [protected]
Names Phone no..
A. r prajapati [protected]
Nagendra prasad [protected]
Prakash [protected]
Milind [protected]
Vishnu [protected]
Ganesh [protected]
Gajanan [protected]
Heramani [protected]
Sandeep [protected]
Bilal Falke [protected]
Pednekar [protected]
P.D Reddy [protected]
Arun [protected]
T.V.Khairnar [protected]
Krishna [protected]
Ashish [protected]
Jivan Shete [protected]
Sanjay Kamble [protected]
H. Pawar 25578140
P.Singh [protected]
D.Y. Kadam [protected]
Anil [protected]
Mangesh [protected]
Manoj [protected]
Rajagopal [protected]
Bilkis Sayyed [protected]
Ziradkar [protected]
Luis [protected]
G.J Kopde [protected]
Sayyad [protected]
Avinash [protected]
Prasad [protected]
Nishikant [protected]
Deepak [protected]
Chalke 25396196
Sachin [protected]
Satnam Singh [protected]
Sujit Shete [protected]
Veldulkar 28846919
Sudir [protected]
Kishore [protected]
D.S Morya [protected]
Kishore [protected]
Mahesh [protected]
Shema naaz [protected]
Narayan Ranaba Nilawe [protected]
Suhs Gokarn [protected]
RAfique [protected]
Sanjay Pawar [protected]
Vibin Thomas [protected]
Naeem reva [protected]
Sunil Kharat [protected]
Popat Bansode [protected]
Mukesh [protected]
Ravi [protected]
Salim [protected]
Shreedhar [protected]
Pankaj Parmar [protected]
Sumn [protected]
Dear all Investors
We were greedy!! We landed up into high risk and high returtn trap. So now after the Co is on the brink of failing, we must accept Principal + 7% interest, IF, the proposal as I gather promised by the Co during meeting on 14 Oct 09 in Mumbai turns out to be correct . There is NO point trying to get more than that fron CITY LIMOUZINE. They have also bitten their dust as we have.!!!
We were greedy!! We landed up into high risk and high returtn trap. So now after the Co is on the brink of failing, we must accept Principal + 7% interest, IF, the proposal as I gather promised by the Co during meeting on 14 Oct 09 in Mumbai turns out to be correct . There is NO point trying to get more than that fron CITY LIMOUZINE. They have also bitten their dust as we have.!!!
Dear Investors!!
Do you still believe that you all will be getting your money back??
I don't. This is the biggest ever fraud that these people have done with the investors.
Please tell as to how to log a complaint against this company?
There is not any information by the Govt to the investors, If the company has been seized,
There is no news published regarding the present development of the case.
Who knows the facts as to what is going on and at what level, whether in disguise of openly.
All the investores are requested to help each other by sharing all information.
Let's come together for the same cause.
thanks...
Ishwar
Do you still believe that you all will be getting your money back??
I don't. This is the biggest ever fraud that these people have done with the investors.
Please tell as to how to log a complaint against this company?
There is not any information by the Govt to the investors, If the company has been seized,
There is no news published regarding the present development of the case.
Who knows the facts as to what is going on and at what level, whether in disguise of openly.
All the investores are requested to help each other by sharing all information.
Let's come together for the same cause.
thanks...
Ishwar
ihave not received any intimation regarding meeti ng on 14 and15th and also any proxy from company iam a share ho lder
Yes. Even I received the notice on 20th October 2009, after the meeting. The Company Via its directors has cheated the investors by making false promises and good returns on the investment. What exactly happen to the company is not properly ascertained. There is no proper information on this. Even many investors have not received notice even before or after meeting of the company.
The Govt should punish directors of such companies.
The Govt should punish directors of such companies.
I am also one of the investor to City Limouzines India Ltd., from New Delhi. I also agree for non receipt of notice which is to held on 15-10.2009.I am also holding preference share . I want to know what is exactly the matter. Kindly give me a ring on my cell no [protected]
I am also planning to form a Welfare Association, those who are interested also may forward their particulars. How ever the association can only follow up the complaints already given to police individually.
Hence all the creditors are requested and advised to lodge individual complaints to the Police Commissioner only through Speed Post or through RPAD. By hand complaints are generally not acknowledged and will be difficulttrace them in the latter date.