[Resolved]  Vigneshwara Developers Pvt Ltd — Vigneshwara fraud

Address:

Gurgaon, Haryana

I have invested my hard earned money in Vigneshwara Developers Pvt Ltd through a barter deal in 2013 in the so called Manhattan Business Park Project, Gurgaon with a 12 % assured return. By the end of 2013-14 financial year they stopped the cheques for March 2014 saying that the Govt service tax was required to be paid, which was paid by us in the month of June, 2013 itself. After much follow up the March 2014 cheque was given in April 28th. They issued post dated cheques for July-March 2015 period without giving the April-June 2014 cheques. But the July 2014 cheque has bounced, reason given is that their accounts have been frozen. They are now saying that the management has decided that they will stop all the assured returns payments and outstanding amount will now be paid in the form of increase in the size o[censored]nits. They are also claiming that they would start the construction by October 2014. We all invesors need to unite and form a group and file a complaint with the EOW wing. Simultaneously, we should file a case in consumer court for compensation and penalties against the builders.