[Resolved] Prateek — NOT PAYING ASSURED RETURN | |||
OMAXE PLAZA LUDHIANA OMAXE TOOK MONEY FROM INVESTORS AND PAID ASSURED RETURN FOR SOMETIME AND NOW WHEN THE MALL IS ABOUT TO START THEY GOT CHANCE TO RIP OFF INVESTORS AND USE INVESTORS MONEY INTEREST FREE FOR A WHILE OMAXE PLAZA LUDHIANA IS NOT GOING TO START FOR 5 MORE MONTHS AND THEY HAVE RIPPED OFF INVESTORS BY ISSUING OFFER FOR FITOUTS AND SAYING BRANND WILL PAY NO ONE IS INSIDE SHOPS FOR FITOUTS AND NO ONE IS THERE TO TALK TO LEASING AND SALES ARE FIGHTING WITH EACH OTHER. INVESTORS ARE CALLING AND THEY SAYING CALL SALES, SALES SAY CALL LEASING SUCH A DISASTER. I REQUEST PEOPLE NOT TO INVEST IN OMAXE THEY ARE NOT RELIABLE AT ALL IF OMAXE PEOPLE ARE SEEING THIS, START PAYING THE MONEY OF PEOPLE ITS HARD EARNED MONEY BEEN GIVEN TO YOU, NOT GIVEN TO YOU FOR RIP OFF ASSURED RETURN IS JUST BULL DNT INVEST IN SPECIALLY OMAXE PLS INVESTORS OPT FOR DLF, AND NOT OMAXE THUGS, THIEFS . Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 9 Comments | |||
Comments
ALL INVESTORS COME IN LINE AND LETS JOIN HANDS AND [censored] THEM THEY ARE [censored]ING EVERYONE IN OMAXE PLAZA LUDHIANA. COME FOR A MEET GUYS AND LETS PLAN A DAY WHERE WE ALL CAN MEET RAJBIR AND ALL OTHER OFFICIALS AND CALL THEM THERE. INVESTORS WAKE UP AND GET IN LINE FOR YOUR MONEY. ITS OUR MONEY COME ON ITS HIGH TIME. LETS SHOW THEM WAT HAPPENS I[censored] RIP PEOPLE IN PUNJAB, I WOULD REQUEST ALL OF YOU TO GET TOGETHER AND LETS MEET SUKHBIR BADAL FOR THE SAME. STOP THERE OMAXE ROYAL RESIDENCY PROJECT AND ALL OTHER PUNJAB PROJECTS IF THEY DONT PAY RETURN.
I FEEL LIKE SLAPPING JMD SUNIL GOEL WHO IS LEAST BOTHERED ABOUT THE PROJECT.
I FEEL LIKE SLAPPING JMD SUNIL GOEL WHO IS LEAST BOTHERED ABOUT THE PROJECT.
INVESTORS AWAKE AND DO SOMETHING. ITS HIGH TIME. TELL US WHEN U GUYS ARE GETTING TOGETHER AND LETS MEET CHIEF MINISTER AND GET THIS ISSUE SOLVED. PEOPLE WHO ARE ROBBED NEED TO COME IN LINE OTHERWISE THEY WONT HAVE THIS WORKING FOR ANOTHER ONE YEAR
SUNIL GOEL START WORKING
SUNIL GOEL START WORKING
SUNIL GOEL JMD COMMERCIAL HEAD OMAXE
THINKS HE IS A TOP SHOT SITTING ON HIS AND WORKING NOTHING
EATING PEOPLES MONEY
GO ON AND GET IT FIXED SUNIL OTHERWISE U GONNA GET SOMETHING FROM
PUNJAB COMING WHEN WE ALL GET TOGETHER AND MEET CM IN REGARDS
TO ALL UR PROJECTS GETTING CLOSED AS U DONT BOTHER
PAYING PEOPLE BACK WHEN U HAVE TAKEN MONEY FROM THEM
THINKS HE IS A TOP SHOT SITTING ON HIS AND WORKING NOTHING
EATING PEOPLES MONEY
GO ON AND GET IT FIXED SUNIL OTHERWISE U GONNA GET SOMETHING FROM
PUNJAB COMING WHEN WE ALL GET TOGETHER AND MEET CM IN REGARDS
TO ALL UR PROJECTS GETTING CLOSED AS U DONT BOTHER
PAYING PEOPLE BACK WHEN U HAVE TAKEN MONEY FROM THEM
INVESTORS WHAT ARE U SCARED OFF
COME AND JOIN HANDS AND DO SOMETHING
ITS HIGH TIME NOW
TAKE SOME ACTION
ALL GET TOGETHER, COME AND GET TOGETHER
COME AND JOIN HANDS AND DO SOMETHING
ITS HIGH TIME NOW
TAKE SOME ACTION
ALL GET TOGETHER, COME AND GET TOGETHER
LUDHIANA COME TOGETHER
ARE U SLEEPING, THEY ARE EATING US AND WE ARE SLEEPING COME ON
GUYS LETS DO SOMETHING
ARE U SLEEPING, THEY ARE EATING US AND WE ARE SLEEPING COME ON
GUYS LETS DO SOMETHING
RAJBIR is making false promises. Lets meet him and show him the right path. Be united
I want to teach Rajbir a lesson. Why misleading people of punjab. I have invested here and now feel cheated.
REAL ESTATE COMPANIES ON ASSURED RETURN BASIS IS AGAINST SEBI & RBI ACTS AS PER COURT ORDER DATED 29.08.2012
Division Bench, consisting of the Hon'ble Acting Chief Justice and Hon'ble Mr. Justice Rajiv Sahai Endlaw of the High Court of Delhi, on a public interest litigation WP(C) 5324/2012 filed by an investor, have issued directions to the Reserve Bank of India and Securities & Exchange Board of India to investigate against real estate companies who are inviting booking of property from the public with assured returns. The Hon'ble High has also further issued directions to take further remedial steps not only in restraining inviting booking on assured returns but also to take other action as permissible under law as well.
ORDER / 29.08.2012
1. This petition is filed in public interest. The petitioner has brought to the notice of this court that respondents no. 7 to 10, real estate development companies are inviting deposits from public with assured returns with buy back options. The submission is that the same amounts to banking activity within the meaning of Section 45-IA of the Reserve Bank of India Act, 1934 as applicable to non-banking financial corporations and is without the permission of the Reserve Bank of India as well as SEBI and cannot be undertaken by respondents no.7 to 10. It is further pleaded that not only are the said activity illegal but it is possible that small time investors having limited funds would be duped by such companies.
W.P.(C)5324/2012
2. We find that the petitioner had sent a representation to the Reserve Bank of India and SEBI only on 10.7.2012. Learned counsel for SEBI has appeared on advance notice and has submitted that on the representation of the petitioner, action has been initiated and the matter is under investigation. He has produced copies of letter dated 06.08.2012 addressed to respondents no.7 to 10 asking them to submit required documents to take further action.
3. Since the matter is already under examination by the concerned authorities, it is not necessary to entertain this stage except for directing the RBI and SEBI to conduct and conclude the probe at the earliest and if it is found that respondent no.7 to 10 are not eligible to undertake such activities, take further remedial steps not only in restraining these respondents but also to take other actions as permissible under law as well. Petitioner shall be intimated about the outcome of the proceedings of the SEBI. In case the petitioner remains aggrieved by the action taken by the concerned authorities, he would be at liberty to approach the Court.
With the aforesaid directions, the petition stands disposed of.
Division Bench, consisting of the Hon'ble Acting Chief Justice and Hon'ble Mr. Justice Rajiv Sahai Endlaw of the High Court of Delhi, on a public interest litigation WP(C) 5324/2012 filed by an investor, have issued directions to the Reserve Bank of India and Securities & Exchange Board of India to investigate against real estate companies who are inviting booking of property from the public with assured returns. The Hon'ble High has also further issued directions to take further remedial steps not only in restraining inviting booking on assured returns but also to take other action as permissible under law as well.
ORDER / 29.08.2012
1. This petition is filed in public interest. The petitioner has brought to the notice of this court that respondents no. 7 to 10, real estate development companies are inviting deposits from public with assured returns with buy back options. The submission is that the same amounts to banking activity within the meaning of Section 45-IA of the Reserve Bank of India Act, 1934 as applicable to non-banking financial corporations and is without the permission of the Reserve Bank of India as well as SEBI and cannot be undertaken by respondents no.7 to 10. It is further pleaded that not only are the said activity illegal but it is possible that small time investors having limited funds would be duped by such companies.
W.P.(C)5324/2012
2. We find that the petitioner had sent a representation to the Reserve Bank of India and SEBI only on 10.7.2012. Learned counsel for SEBI has appeared on advance notice and has submitted that on the representation of the petitioner, action has been initiated and the matter is under investigation. He has produced copies of letter dated 06.08.2012 addressed to respondents no.7 to 10 asking them to submit required documents to take further action.
3. Since the matter is already under examination by the concerned authorities, it is not necessary to entertain this stage except for directing the RBI and SEBI to conduct and conclude the probe at the earliest and if it is found that respondent no.7 to 10 are not eligible to undertake such activities, take further remedial steps not only in restraining these respondents but also to take other actions as permissible under law as well. Petitioner shall be intimated about the outcome of the proceedings of the SEBI. In case the petitioner remains aggrieved by the action taken by the concerned authorities, he would be at liberty to approach the Court.
With the aforesaid directions, the petition stands disposed of.
GURBAX GILL
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