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
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I have invested in two scheme of city limouzines and I got post dated cheques and they are being cashed regularly since Oct 09 cheques are bounced. Through print and electronic media I came to know that the firm under audit and financial economic wing has raided and case is pending with the honorable Mumbai court.May I know the latest position of the situation.
contact No [protected]
[protected]@gmail.com