| Address: | Mumbai City, Maharashtra, 400053 | | Website: | Does not exist |
I hold a fd in elder pharma fdr no n59549 for rs 25000 which matured on 13.9.2013. Till date, i have not heard from them reg repayment.
The co has disconnected all tel lines. Even website is not existing as it has been putup for sale.
Their promoters collected sale proceeds of rs 2000 crores from torrent and said to be talking to oberoi realty too! Where is this money? Are we a banana republic that there is no one to question and there is zero accountability?
In india, there is no fear of law and law allows you to go scot free without a scratch on your body or lose sleep after defaulting on your obligations. As they say, our laws are made for the masses by the #.
Our toothless co law boards or tribunals bend over backwards to accommodate all sorts of excuses regularly given by the co to delay repayment of dues to investors and lenders. Cases drag on till eternity so that investors are forced to forget all hopes of getting their money back.
One does not know if the co exists or wound up. Ours is a land of grand laws with no one to implement.
Ks mahalingam Was this information helpful? | 
My mom is having FD of Rs. 40, 000/-with Elder pharma (FD no - 75387) in the name of Anagha Surve which got matured on 17/9/2015 .
But till date we have not received the money( Principle amount + Interest ) from said company.
Please let us know the procedure to get the fund as early as possible.
Quick reply highly obliged