City Limouzines Complaints & Reviews

My Payment refund...

We a family of 4 have invested shares and amount .
My dads name siva suryan file number 8779/8791/4109 and total amount of 3, 86, 851 has been invested, s.u kaushik my brothers file number 4108 and s.u. abinaya file number 4380 and uma suryan file number 4379 as been invested.
Also shares folio # 8791/8237 and shares 700 of number[protected] then under 8791/4109 & 500 shares of number 455751_456250, 456251_456750 &[protected]

I have 700 shares of City limouzines and 1070 shares of City ralcom .10 cheques worth rs. 17500/-
Please help me how can I get my refund

Dear Team,

We have invested 142000 rs in citi limousine and sister concern citi realcom.
It's been more than 12 years We haven't received update on refund status after court declaration.

We have tried to contact Mumbai department but no response from their end. We don't know how to proceed further to get back the hard earned money.

As last hope, we reaching you for refund .please guide...

Dear Team,

We have invested ₹ 1, 42, 000 hard earned money on citi limousine and sister concern citi real come. It's been more than 12 year We haven't received any status and tried to contact Mumbai department but no response all these year.

We are requesting you to assist on the refund....

Invested in 2009, still no justice prevails. Has anyone atleast recieved the invested money. Please reply Thank you. Court has order for liquidation of company assests in June 2017. Still no updates to the investors....

Investment and refund of money
Sir,
I hve invested a sum of rs 1, 4200/- with city realcom ltd of city limouzines (India) ltd, located at neheru place, new delhi. I also call to delhi office and bombay no body pickup phone and i found the office is locked. After enquiry from their bombay office not positive reply has come.

You are requested to refund my hard earn monay as soon as possible. My contact no is [protected] and l. L[protected]
You are also requested to investigate the matter and take urgent action plz.

Ajender gaur
(Gurgaon)
[protected]

Dear Team,
This is with reference to the City Limouzines Scandal.
I am an investor and had invested in City's 2 schme and the amount was 200000 Rs. which is a high amount for a salaried person like me.

I invested such a huge amount considering the benefits but unfortunately the scheme happed to be a scandal.

Also we do not have any update on the scandal and the owners of City Limouzines.br...

Helo Sir,

I am an investor of city limouzines and invested in 142000 scheme city Realcom and since July 2009 cheque given by company get bounced...after sometime i heard all these news that company has done fraud with investors..I did not lodge any compalint as of now..please advise what to do as i have all the dcuments with me.

Regards
Ekta

Hi,

I have invested 1,40,000 in city limouzines on scheme where i was suppose to get 7700 per month.after cheque bounced 3 times in 2009 there is no news from the company..advise what to do....

hi sirmadam

I am suresh kumar solanki and i am an investor in the company named city limouzines i deposited my hard earned money to the bankl i.e- 2,49,000rs. and i got 12 cheques but only two cheques money i got from the bank and rest of the cheques got bounced. it was our very hard earned mony i trusted this company and they cheated me . so sirmadam if you can tell me how can i get my money back please do reply on my e mail address- [protected]@yahoo.com or you can call me at [protected]

Like others I also invested in city limouzines and city realcom. But till now there is no new when we will get the our hard earned money back. Has anybody having a latest news about this, please let me know also at [protected].

my two cheques have got bounced in the month of august and September

Sir
this is to bring to ur notice that chqs issued by city limouzines and city hospitality have bounced and an amount of Rs 45000 of the principal amount is still due. I request You to please suggest a way to get my hard earned money back.

Regards
Deepshikha

I have invested in two scheme and till aug Cheque bounce and not recovere our hard earned money in investing this company.
So please do something for us (450000 people)

I had invested Rs2.7 lakhs in July09 in Hyderabad office of City LIMOUZINES, they had promised to pay me Rs 17,000 (approx )every month, but till date no cheques encashed.ALL OFFECES IN iNDIA CLOSED.dO LET ME KNOW AS TO WHO IS TO BE APPROACHED.

please take action on this; and do justice to the customers

i cant make transaction using given check.
the check bounced back to me

I had heard about the arrest of Geeta Razaaki, i m not sure but i think people are not much bothered about they are getting arrested or not whereas people are bothered about their money whether they will get it or not.

Police or EOW who is handling this case should declare or assure the people in front of media that whether they will get their money back or not.

Please do that first............................

I invested in City Limouzines in June 2008 and the cheques have got regularly credited till July . Howver August cheque had bounded. I made one othere investment in July 2009 for which only one cheque got credited and rest have got bounced. Where is Syed Masood. If he is an honest man why does he not come to public and gmake an announcement that people's money is safe. Is the Indian Women's Hockey Federation aware of this. City Limouzines is the sponsor.. Will we get out money back or it has gone down the drain. How can we acquire title to the land that has been purchased in our name and is mentioned in the Memorandum o[censored]nderstanding.Can anybody advise on the future course of action that we can take on this. We need our money back.All this news about meetings and the office re-opening seems to be bogus.

Regards

Vishwanath
New Delhi
[protected]

i am invested in this company & my father also invested in this company , he was retired employ , i am also taken bank loans and invested in this compan, now what can i do, how the amount returns comming i dont know. please give the sugistion

Dear Sir/ Madam

I have invested Rs. 1,28,010 in citi realcom (a company of City Limouzines Pvt Limited) on 29 Jun 2009 (Receipt Nos, are 7706 and 20581) and they posted me a file no. 36659 and agreement paper on 20 Jul 09(in which they have mentioned that for the next five year i will get an amount of Rs. 8800 as a rental/interest etc for the i have invested in the company. In the agreement is also mention that one plot/land is also purchased/booked on my name in santacruz, mumbai). They also posted me 06 month cheque in advance of an amount of Rs. 8800 for the next six month. However in the month of 25 Sep 09, 07 Oct 09 and 15 Oct 09 after finalisation of a meeting. In between i also visited the delhi branch office but it was locked and the same condition is there at the main branch office. As of now Jul i deposited the cheque and the amount was credited in my account. But since Aug month the amount is not being credited in my account and as of now they even did not credit the incentive amount in the account of the person whose reference i gave in my application form. Whenever i tried to contact the customer care/office staff they used to tell me that for a time being company has stoped all the cheque payment due to audit and told me to deposit the cheque after 15 Sep 09, later company fraud case has become known to all and a lot of money is due on the company. So in that case what steps i should take to take my money back?

I am very much confused and don’t know what to do whom to talk in this regards, please help.

I request you kindself please help me and many others person who have invested and have not receive any amount except Jul month.

Is there any special cell/dept who is looking after the cases pertains to this company. should i register an F.I.R agianst the company. Finally i want to know how can i get my money back from the comany....... a lot of questions are there in my mind.
Kindy help me out and many more persons like me.
GUIDE US to HELP US.
Thanking you,


Shalendra Nirwal
[protected]/[protected]

Dear All,
Refer to meeting held at Wilson College, Mumbai dated 13.10.2009 I will like to ask the attendees.
I will be thankful if anyone answers me.

1. How City Limouzines / Realcom will return the clients payment cheques in 12 Installments @ 7%
ROI when all the offices are shutdown.
2. How can the client ensure that all the cheques IF GIVEN will be cleared by City Limouzines /
Realcom when all the accounts are siezed.
3. As there is no Governing Authority on such type of companies who will ensure that no such fraud
cases will arise in future.

All the investors are hereby requested to please come together to recover each and every single paise from such type of fraud companies and avoid arising such issues in future.

This is the second fruad case lodged against Mr. Maqsood
1. When he use to run the firm named M/s IKON INTERNATIONAL.
2. Current company M/s City Limouzines India Limited.

Please post your updates on this platform so every investor will get aware.

Regards,
Sandeep...

Dear Investors

We have Registered an Association named “SOUTH CHENNAI CITY GROUP INVESTOR’s WELFARE ASSOCIATION” to fight our rights with the company. Whom ever is interested in joining hand with us can contact.

K.Perumal President Cell [protected] [protected]@yahoo.co.in
Zulfiqar Ali Khan Secretary [protected] [protected]@gmail.com

Thank You

Dear friend investors Latest development

Notice sent to Nirmala Bhosale, Advocate at No 451/1 Dwarika Das Mansion through Speed post ET[protected] IN is returned with a postal endorsement “NOT KNOWN”.
We are now to be more cautious and careful.

Wilson School is telephonically contacted and they say that they did not permit any one to conduct any meeting.

Where we are? I think simply we are taken for a ride. In any case we should not leave the directors in any case I will not leave them. They should feel the pain of public and investors in general.

Be aware and believe maximum persons should attend the meeting or else donot forget to send proxy through some one who can vote.

Thank You

K.Perumal
[protected]

Dear Sir ,

My Father has also invested in this company and now the cheques issued are getting bounced . Request you to update me with the latest happening with the same issue and also give us the way out to get our money back .you can update me on my email id [protected]@rediffmail.com .

Dear friend investors,

Can any one suggest any other better proposal to tak up in the proposed meeting on[protected]. I am proposing the following .

Scheme of Arrangement as proposed at Part B, has no balance between the company and its creditors. I here by propose the modification of the scheme as follows.

a. Sl No 1 to 7 to be totally removed and in that place the following may be substituted.

b. The amount received from the creditors under the respective schemes and arrangements is to be repaid under the present scheme of arrangement. The creditors who had advanced money to the company shall be repaid in one lump sum as per the cash receipt issued with out keeping in mind of the returns paid to them from the date of advancement to till date. Alternatively the company may chose to return the money in installment together with 40% interest on reducing balance basis. Upon payments being made as stated herein above, the parties shall cease to be the creditors of the Applicant Company. (the rate of interest may be negotiated to balance both company and its creditors).


Pl mail to [protected]@yahoo.co.in
Contact No. [protected]

May I request every invester to write to the Chairman of meeting and the managing Director individually through Speed Post or RPAD. Sending through email ID are of no use and the same is bouncing back.

Speed Post

Date:[protected]



To,

1. V N Associates
Mumbai – 24
Trough email [protected]@gmail.com
[protected]@yahoo.co.in

2. Managing Directors
City Limouzines(I) Ltd and City Realcom Ltd
Mumbai


Sub: Company Application 933/2009 on the file of the Hon’ble High Court of Judicatureat Bombay – Notice convening Meeting of the unsecured Creditors of City Limouzines (India) Ltd – Regarding.

Sir,

I, K Perumal, Advocate residing at No 35, 2nd Cross Street,Padmavathy Nagar, Selaiyur Post, Chennai -73, issue this notice to you as under.

1 I made some investments in the company and getting returns every month and in that due to some mismanagement the company stopped making payments and the post dated cheques issued by the company started bouncing for want of sufficient funds in the company accounts. I state that it is only a fraud committed at the higher level and nothing else.

2. I state that on telephone, I was been promised that the company would resume and I will continue to get my returns as promised by the company, but suddenly to my shock and surprise, I received a subject notice from your office.

3. I state that I had gone through the notice and though it is dated[protected], the same was posted only on[protected] for the meeting to be held on[protected]. It is a clear violation of Rule 73 of The Companies (Court) Rules 1959. The notice ought to have been sent before 21 days. And hence in any case I will not get any reservation in train or in any other mode to reach Mumbai and Vote. I strongly doubts that it is also an another attempt on behalf of the company to prevent maximum creditors from Voting. This idea is totally illegal and not permissible in Law. The procedure envisaged in the Company (Court) Rules is mandatory and hence, in any case meeting if held on[protected] will be not valid in law.

4. I state that the explanatory statement as given in the notice u/s 393 of companies Act, does not show any valid reason for proposing and bringing such agreement. At Sl No 7, it merely states that the company was facing an acute financial crisis mainly due to the economic crunch and global meltdown and interference of central and state agencies and suffering serious damages. Due to this incident the company was forced to halt certain activity. Further with out mentioning any incident or narration, the matter starts as, the above incidents had affected the company very badly and created major financial difficulties for the company. Further it goes to say that the company faces significant capital constraint and relatively heavy interest on account of highly leveraged capital structure. The above reason stated cannot be believed and it is not genuine.

5. My doubt further increases manifold for the simple reason that at Sl No. 11, the share holdings of the directors of the applicant company is left blank even after pointing out on many occasions.

6. I state that in case of many other creditors the address given on the envelope shows that there is no relevance to the name and address mentioned. It is a clear indication that the accounts are also not maintained properly. Further more now in another envelope there is no file No. mentioned. The dealing seems to be so casual.

7. I had also had also invested in the company City RealCom and there is no notice received till date. Further more as on date I received only two notices and where as myself and his family members had invested in many files.


8. I bring it to your knowledge that the complete scheme is silent with respect to the investment in Combo Offer (City Limouzines and City RealCom with Co-op Society).

9. I state that the Scheme of Arrangement as proposed at Part B, has no balance between the company and its creditors. I here by propose the modification of the scheme as follows.

a. Sl No 1 to 7 to be totally removed and in that place the following may be substituted.

b. The amount received from the creditors under the respective schemes and arrangements is to be repaid under the present scheme of arrangement. The creditors who had advanced money to the company shall be repaid in one lump sum as per the cash receipt issued with out keeping in mind of the returns paid to them from the date of advancement to till date. Alternatively the company may chose to return the money in installment together with 40% interest on reducing balance basis. Upon payments being made as stated herein above, the parties shall cease to be the creditors of the Applicant Company. (the rate of interest may be negotiated to balance both company and its creditors).
I strongly believe that this meeting is not intended to be conducted in a fair and free manner. It is worth to point out that on the one side in the Notice that the proxies to be used in prescribed form and in the other side the notices are not sent and received for all accounts individually. Further more it is stated in the Notice that the proxies are to be deposited on[protected] at 11:30 AM at the Registered Office of the Company and in the other hand in the proxy form Note 1, it is mentioned that the same to be deposited at place of meeting. I bonafidely and strongly believe that the place for convening the meeting is very small and the same is inadequate to accommodate people of full strength.

10. I am to bring it to your notice and knowledge, that yours and the Company email ID may be filled and flooded. Kindly take steps to clear them off to receive further mails.

I hereby call upon you to kindly make arrangement for the above stated modification in then proposed scheme , failing which I would be constrained to file a petition for winding up of the company and further takeup the case for oppression and mismanagement purely at the cost of the company and its directors responsible.


Yours Truly,



K.PERUMAL

May I request every one of the incvestors reading my complaints to communicate the company and the chairman regarding the non receipt of the individual notices for our benefits in future.



Dear Madam and the Chairman appointed for the Meeting

I am writing repeated letters and sending mails, but the same are not replied to. I am to further inform you that I have not received any notice regarding the meeting to be held on 14 & 15 -10-09 till date. Can you kindly intimate me the mode of dispatch. Further more the scheme framed by the company seems to be for an oblique to defeat the provisions of law and the scheme as a hole is a fraud and malafide. It seems the directors are interested only stalling the criminal and Civil proceedings initiated and pending against them and to stall the investigation proceedings commenced by the authorities. The explanatory statement given u/s 393 of Companies Act is not clear. In one way you are insisting the proxies to be used in a prescribed form and in the other hand had not dispatched any notice containing prescribed form. Though it is stated that non of the Directors have material interest in the proposed scheme of arrangement, on close reading it could be seen that it is false and false to the core. Though it is stated that the copy of the scheme and the explanatory statement can be obtained from the office of the applicant company, there is no response from that end.

I am to further inform you that at para 11, the holding of each director is left blank and the same was already pointed out and there is no response. As a hole the scheme of arrangement seems to be only an eye wash and it is no way benefited to the investors. And hence we have no alternate than to object the scheme and only allow to be passed with certain modifications balancing the benefits of both company and the investors.

For the kind attention of the Directors, I am herewith enclosing the copies of the correspondences once again for your ready reference and for immediate necessary action. Failing which I would be constrained to work out my remedy and behind me there are sufficient number of investors to join hands and hence do not feel latter.

K Perumal
Preferential Shareholder.