[Resolved]  Micro Technologies — Fixed deposit

Address:

Bangalore, Karnataka

26th May 2014 The Chairman and Managing Director Micro Technologies (India) ltd. Plot No.16, Micro Infotech Park, Sector 30A, Near Vashi Railway station, Vashi Navi Mumbai - 400705 Dear Sir, Reg: Fixed deposit FDR NO.46560 and your repayment letter dt.[protected] This has reference to your above mentioned letter explaining difficulties in honoring/repayment of Fixed deposits. I am college student and have Fixed deposit for Rs.30, 000 (FDR No. 1286 ) under cumulative scheme in your company from[protected] to[protected] with a maturity amount of Rs.43, 400. I saved small money and invested in your company thinking that I could use cumulative money for my higher studies etc. and now you are expressing difficulty to honor the payment. Kindly explain the following: a)Why your office is sending mail dt.24, march 2014 on 12, May 2014? Why till date your office has not sent hard copy letter since it is so important? b)We invest our hard earned money to companies with trust and if they cheat us where should we go? c)You have mentioned that in lieu of our money we can buy your company’s products. However, since these are basically industry related products, how can we buy the same? Secondly, your website is closed. Your new phone numbers[protected] are not working. How to choose your products? d)You have also mentioned that Edelweiss financial services ltd, has acquired debt worth Rs.50 crores etc. of your company. Whether this includes our Fixed deposits also? Now who will pay our fixed deposits? Whether your company or Edelweiss financial services ltd e)I had sent a letter dt. 5th May 2014 to your address and also sent mail, and till today no one has replied, why? If your company does not reply what impression we will get? Awaiting your positive response at the earliest. Thanking you and with regards R. Amith No.71, I Floor, 4th Main, AECS layout II stage Sanjayanagar, Bangalore 560 094 mb-[protected] Copy: The Associate Director, Edelweiss Asset Reconstruction Company ltd. Edelweiss House, off CST Road, Kalina, Mumbai 400098 -Kindly understand our situations, and do write to us.