L&t Finance — Non payment of L&T Ltd NCD 2009 for 2 years

Address:

Mumbai City, Maharashtra, 400015

I was holding the NCD of L&T 2009 series that matured in 2014. It was in demat format. After the maturity of the NCD, the bonds automatically stopped reflecting in my Demat A/C without me having received the maturity proceeds or the dividends.
After much follow up with the company and their fund managers Linktime, the past dividends (over 4 years) and the principal was finally paid to me in 2016.
However, no questions were answered as to why it was delayed, how the Bond disappeared form my account or what about the loss of interest over last 2 years. My questions to them were -

1) why did it take two years for the refund?
2) And why did the Bond disappear from my demat A/C when I had not been paid?
3) What about the loss of interest?

The company has so far not responded and I intend to take it up with the grievance cell