[Resolved]  Sterling Tree Magnum (India) Ltd — Purchase of a teak tree

I had purchased a teak tree worth rs.1275, on 30/6/93 and its maturity date is 29/6/13 with assured mid term payments. However nither has ant 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.

Rajiv Chopra
+91 [protected]
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Aug 14, 2020
Complaint marked as Resolved 
Aug 06, 2014
Elumalai.k 's response
Complaint comments 

Comments

pls return the money

TEAK TREE — NO RESPONSE FROM YOU ABOUT THE CONTINUITY OF THE INVESTMENT

SIR I JUST WANT TO KNOW ABOUT CONTINUITY LETTER I HAD SENT & WHEATHER I WILL GET BACK MY MONEY OR NOT IF YES THEN WHEN! SIR KINNDLY GIVE ME ALL THE INFORMATION.
I have 3 STM bought early 90's. This money would haved fetched us atlast Rs 3000 per Rs 1000/ invested in the last 15 years. I agree with earlier comment that we should wait and negotiate a better deal. During my next visit to Chennai, I will try to get more info by visiting the company as well as few intermediaries who are offering face value (peanuts). They surely know something that we donot know.
Also, there is a web portal specialising in group complaints coming up (whinepedia.com) thru which we can fight together for this as well as anyother injustice. If we are patient for few more months, I am sure we can get a much better deal.

Ravi
[protected]
We have purchased one tree in Sterling Tree Magnum (I) Ltd. on 30.8.1993 and my maturity date is 29.8.2013. My certificate Number is C7142 . Still inspite of my best efforts regarding the present position of the company i was not able trace out the address or the phone number. There was no response regarding the above investment. If anybody can findout any positive position presently please inform us to contact regarding the above. We are prepared for any joint complaints along with the other purchasers. Please let me know in this regard. My present address:

Haritham
43, Arun nagar, 3rd Main street
Vadavalli
Coimbatore-641 041

Phone:[protected]/[protected]

Thanking you,
P.Radhakrishnan

Teak wood Tree no - 2 — Not return Interim Payment

I have invest in your in 1995 with no 2 teak wood tree, but still i have not received the intrim payment yet...
My Mobile no is [protected]
sir,
i also have purchased 2 trees around 1996 and have not received any refund or communication from the company.
n a rajadnya
i develop the teak trees around 2500 trees in 2005 in Nagamangala tq Mandya Dis we develop in 4arc land . who have interest to purchase trees then who have intrested to develop trees contact - [protected]
E-mail [protected]@gmail.com
We have been duped by the company. My father has bought some teakuity in his 3 childrens name thinking the money will help us in a long run. The money was hard earned one and it was a substantial amount during 1993. But these people have duped us. Please do join under Orkut. There is a group (search for STM in www.orkut.com) of people who have been duped by this company. If we unite we can do something.
I purchased two trees in Sterling Tree Magnum (I) Ltd. on 31.8.1993 and my maturity date is 30.8.2013. My certificate Number is E886 . All my efforts to trace the whereabouts of this company to check the present status of my investment position of the company has been in Vain. If anybody can findout any information regarding the existance of this company please let me know on the same .I am prepared to join hands for any complaints / litigation / legal action Etc. along with the other purchasers. I Strongly feel these who cheated us should not be let scot free. This is the sad state of affairs in India. Anybody can easily con people en masse and make easy money to meet their selfish ends and get away easily. My present address:

Lakshman Kumar A K
346 A, Ranka Colony Apartments
Bilekahalli, Bannerghatta Road
Bangalore 560076
Phone:[protected] / 41305933

Thanking you,
Lakshman Kumar A K

TEAK TREE — NON PAYMENT OF RETURN

I HAD INVESTED IN ABOVE MENTIONED COMPANY IN 2004 BUT TILL DATE I HAD NOT RECD ANY RETURN AS PROMISED & NO INFORMATION IS AVAILABLE AT PRESENT REG WHOM TO CONTACT & WHAT IS THE STATUS OF CHENNAI HIGH COURT CASE REG THE COMPANY.
I had purchased two Teak Tree worth rs.1475/- each on 12.6.1995. The maturity dated was 05.01.2015, but as per company, i have not received any midterm return or heard anything from company. the brief detail is as under:
Name of the owner: shashi singh
No. of teak trees: 02
Age of owner: 33 yrs.
Application No.G 113798
Certificate No.D 4101
Same problem, There was no response regarding this. If anybody can findout any information please inform us to contact regarding the above. We are prepared for any joint complaints along with the other purchasers. Please let me know in this regard. My present address:

Anoop Bhattacharya
7-D, Pkt-5, DDA Flats.
New Kondli Mayur Vihar-III
Delhi-100096

Ph:- [protected]
I had purchased a 20 years scheme from your organization. . We had joined in your scheme on 6/07/1992 and the date of expiry of the scheme is on 5/07/2012 and the serial no is 015408. We hadn't get any information status from your organization for the past 10 years. So I am asking you to send our scheme information status to the Email address mentioned above or send it to the following address without fail.
S.Asaithambi,
No 244, Kalai illam, K.K.Nagar,
Thuraimangalam,
Perambalur-621220.
Sir,
My father had purchased 2 trees by my name & another 2 by my brothers name.Now my father is no more alive, we have never recieved anything from the company. we 2 brothers strongly need money from the company 4 higher studies.if this company is not a fake one, then please inform this company 2 contact me in the following address.i am waiting for information.

Address for correspondence
A/99, Sector-0, Rourkela, Orissa
Mobile-[protected]
i have investet in 27 tree in year 1995 but till date i have not recived any reply
if any idea about the company address/phone no/mail id pleas let me know.

Sterling Tree Magnum (India) Ltd — no response from company side

actually i need head office address or a telephone number so i can overcome my problem regarding the shares which i had own..
please have a look for the same..







responsible person can call me on
VED PRAKASH MISHRA
[protected]
I had purchased a teak tree worth rs.1825, on 21/01/97 and its maturity date is 25/6/2009 with assured mid term payments. However nither has ant mid term payment been made nor has there been any communication from the company.

Please Tell
How Can I Get My Money Back ?

My Contact number is [protected]
I had purchased a teak tree worth rs.1825, on 21/01/97 and its maturity date is 25/6/2009 with assured mid term payments. However nither has ant mid term payment been made nor has there been any communication from the company.

Please Tell
How Can I Get My Money Back ?
Did anyone get to contact Sterling, if yes, was it fruitful? Any comments?

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