M/s Elder Pharmaceuticals Ltd. — Non payment of Principal Amount of Rs.20 lakhs. on FD matured on 24/09/2014

Address:

Visakhapatnam, Andhra Pradesh

I am an old, Sick Senior Citizen Woman. I made Fixed Deposit of Rs.20 Lakhs.with the Company M/s Elder Pharmaceuticals Ltd., based on the recommendations by the Brokers, M/S Bajaj Capital Ltd., through.their.Branch.at, .Visakhapatnam, .AndhraPradesh. My Fixed Deposit R No: FDR No.N60070 dtd.24/09/2014 for Rs.20Lakhs. matured on 24/09/2014. The Principal amount has not yet been refunded by the Company, M/s Elder Pharmaceuticals Ltd., so far. The Company did not make payment of of interest on FD . The Company is not responding to all my Registered Letters & E-Mail messages. The Brokers, M/S Bajaj Capital Ltd., are not in a position to help. The Company Law Board vide Order No.CA-2014dtd.24/12/2014 ordered Elder Pharmaceuticals Ltd., should make payments to the Depositors within one month from the date of the Order ie., before 23/01/2015. But M/S Elder Pharmaceuticals. is trying to escape making payments by some excuse. I made complaint by Registered Post to ... Shri.J.N. Tikku (ROC Gwalior) 3rd Floor, 'A' Block, Sanjay Complex, Jayendra Ganj, Gwalior-474001. Phone:[protected]Fax:[protected] roc.[protected]@mca.gov.in But so far no action appears to have been taken on the Company by ROC. Shri. Aloke Saxena, The CEO of M/S Elder Pharmaceuticals Ltd. should be prosecuted for cheating the Deposit Holders and made to pay back the dues to all the Depositors. PALLIKALA MANOHARI