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do not panic guys have some pateince
DONT BE WEAK ENOUGH SO THAT THIS SITUATION BREAKS YOU
DONT BE WEAK ENOUGH SO THAT THIS SITUATION BREAKS YOU
Patience is the mantra of the moment as Satnam suggested. I do agree with him. Making situation more painful by spreading negative aspects will lead to nothing but to loss to ourselves. When media covered the news it was half cooked as nothing said about financial positon of the company and investors' fate at the moment. Besides many positive facts as i alreday listed in some of my previous posts, Massod's stand to face the situation is the biggest asset for me as cant guarntee the others. It is always pointed that the silence of Masood is creating panic. I do agree to the point but with some modification. We investors more or less confined to our investment alone and on that account we are so much panic and anguished that some o[censored]s had beaten the poor staff who were the survival link between the company and the investors. Just imagine about Masood who has the responsibility to bail out more than a lac investors from the emerged situation. He has to work about all the alternatives which requires huge amount of thoughts and applicability. At this point of the time a little confidence from investors' side will boost him to make out the plan with right intention and also to right direction.
Till know by shouting or beating up the staff he have received nothing fruitful and if we analyse our loss was much more than what we gained during this period. So know we should have some patience and just tender our supports to the City. Keep home and life is still to exist.
Never forget there is an Almighty who always come in one form other to rescue the helpless but not the hopeless.
Till know by shouting or beating up the staff he have received nothing fruitful and if we analyse our loss was much more than what we gained during this period. So know we should have some patience and just tender our supports to the City. Keep home and life is still to exist.
Never forget there is an Almighty who always come in one form other to rescue the helpless but not the hopeless.
Today Only i.e. on 17th Aug 2009, I Visit Mumbai office (at mittal Tower). The office is at 9th, 10th & Basement of the Building. All the offices Are Closed. Watchman & liftman Says on 15th Aug, the huge crowd of customers make a Big Scene at office and broke all The furtniture of office..so from that day mittal tower offices are closed.
The news I got From Their Pune office that, no need to panic..they conduct customer meeting on 7th oct 09 at garware Hall near Wankhede Stadium, mumbai. notices for meeting sends shortly to all the customer address.
Do Not panic..our money is safe...
The news I got From Their Pune office that, no need to panic..they conduct customer meeting on 7th oct 09 at garware Hall near Wankhede Stadium, mumbai. notices for meeting sends shortly to all the customer address.
Do Not panic..our money is safe...
I am also agree with prashant and deepak.Do not panic... have faith and patience .
all investors, pl think in advanced manner.If it is in high court then judge has to clear the judgement very soon to avoid further damage of the public mood.It has come in all regional channels in india. where ever their branches are available .Govt should take decision strongly to clear the case fast.It is sponsor of INDIAN WOMENS HOCKEY TEAM, INDIA&.CO SPONSOR of Rajiv Gandhi awards held bythe company which was direct live telecasted in SET MAX CHANNEL some months ago.In india court cases means there is no time limit.hearing and hearing will continue.so i request the court people to complete the investigation as soon as possible and declare the result in public through all media.This will boost up the morale of the investors.They will allow the company to grow.All politicians and film stars should help to take the decision soon.Kindly help the investors as soon as possible.mumbaikars pl read this and take prompt action. Because head office is in mumbai.
Dear investors:
Chances of speedy trial are almost nill.For how many years the case will linger on in courts is a matter of pur conjecture.
Rely heavily on your own common sense.My common sense says that none o[censored]s who have invested
money are going to get a fraction of it.Who lost money in Non-banking Financial Companies which
mushroomed at one point of time and disappeared with public money?Who lost money in Co-operative
banks in Maharasthra and Gujrat when about 11 banks failed?Even a bank like BCCI with more than
7 billion US$ assets failed, depositors could get only 25% of their deposits.
City group's liabilities far exceed their assets.Where the money will come from to clear the liabilities?
Chances of speedy trial are almost nill.For how many years the case will linger on in courts is a matter of pur conjecture.
Rely heavily on your own common sense.My common sense says that none o[censored]s who have invested
money are going to get a fraction of it.Who lost money in Non-banking Financial Companies which
mushroomed at one point of time and disappeared with public money?Who lost money in Co-operative
banks in Maharasthra and Gujrat when about 11 banks failed?Even a bank like BCCI with more than
7 billion US$ assets failed, depositors could get only 25% of their deposits.
City group's liabilities far exceed their assets.Where the money will come from to clear the liabilities?
are there any investors from Thane, mumbai. send me email.
MUMBAI: In a twist to the City Limouzine issue, the Maharashtra Navnirman Sena (MNS) on Monday jumped on to the bandwagon and extended its support
to the lakhs of investors who have almost lost hope of getting their money back.
Around 500 investors had gathered at Shivaji Park grounds on Monday hoping to come together and fight for their money. MNS chief Raj Thackeray's residence Krishna Kunj is a stone's throw from where the investors had gathered. Soon after news of the meeting reached Raj's aides, some investors were invited to explain the matter.
Though Raj did not meet the investors, his aide Manoj Hate listened to their grievances. He then phoned advocate Sayaji Nangre, an MNS counsel, and fixed up a meeting with the investors.
Nangre advised them to come together and identify the company's properties, in addition to lodging individual complaints. The properties could be attached and sold to recover the dues, Nangre said, although he cautioned them that it was a lengthy process.
The investors are planning to join an association recently formed by one of them, Kirti Patel. He has filed a public interest litigation in the Bombay high court, urging the court to direct the police to register FIRs and arrest the company's officials. As of now, the economic offences wing (EOW) of the police has registered only one FIR, based on a complaint by an investor in 2007.
Meanwhile, sources said that City Limouzines has invested Rs 150 crore in a hotel project in Gurgaon. The City Group has also set up a trading company called City Trading in the US. An amount of Rs 60 lakh has been transferred to this company from City Limouzine, sources said. "We are still to understand where they invested the amounts collected from the public, '' a police officer said.
to the lakhs of investors who have almost lost hope of getting their money back.
Around 500 investors had gathered at Shivaji Park grounds on Monday hoping to come together and fight for their money. MNS chief Raj Thackeray's residence Krishna Kunj is a stone's throw from where the investors had gathered. Soon after news of the meeting reached Raj's aides, some investors were invited to explain the matter.
Though Raj did not meet the investors, his aide Manoj Hate listened to their grievances. He then phoned advocate Sayaji Nangre, an MNS counsel, and fixed up a meeting with the investors.
Nangre advised them to come together and identify the company's properties, in addition to lodging individual complaints. The properties could be attached and sold to recover the dues, Nangre said, although he cautioned them that it was a lengthy process.
The investors are planning to join an association recently formed by one of them, Kirti Patel. He has filed a public interest litigation in the Bombay high court, urging the court to direct the police to register FIRs and arrest the company's officials. As of now, the economic offences wing (EOW) of the police has registered only one FIR, based on a complaint by an investor in 2007.
Meanwhile, sources said that City Limouzines has invested Rs 150 crore in a hotel project in Gurgaon. The City Group has also set up a trading company called City Trading in the US. An amount of Rs 60 lakh has been transferred to this company from City Limouzine, sources said. "We are still to understand where they invested the amounts collected from the public, '' a police officer said.
What was decided in the meeting at Shivaji Pasrk on 17th Sep. 2009???????Anybody knows abt it?????
Has anybody know about meeting at Shivaji Pasrk on 17th Sep. Please let me know on [protected]. Whats the effect by MNS support? Can we get our hard earned money??????
Hi,
I invest payment in nehru place office 30April 2009.
I have read all the views of several investors but main thing is " our money is safe or we lost it ?..."
I think we are just making assumptions ...
HOPE EVERYTHING GET FINE ...
GOD BLESS ALL O[censored]S...
PLEASE MAKE THE UPDATE . IF ANY ONE KNOWS ANYTHIG...
REGARDS
I invest payment in nehru place office 30April 2009.
I have read all the views of several investors but main thing is " our money is safe or we lost it ?..."
I think we are just making assumptions ...
HOPE EVERYTHING GET FINE ...
GOD BLESS ALL O[censored]S...
PLEASE MAKE THE UPDATE . IF ANY ONE KNOWS ANYTHIG...
REGARDS
If MNS really want to help the investors, they should find out, whether the accounts of city limouzines are really freezed by Govt Agencies or what is the actual reason for bouncing of cheques and try to get their accounts operational, so that our cheques can get cleared.
http://timesofindia.indiatimes.com/news/city/mumbai/City-Limouzines-case-MNS-off...⇄
Aree guys...
If it is a court how is MNS or any other political party going to help??? It is a case in High Court caused by some over-greedy investor that is creating us all problems... so what will MNS do?? they'll issue a warning to high court???
People just wait for the court ruling and dont be jumpy and escalate the situation. It will only help in increasing the delay!! the earlier CITY is clear of all charges the better it is for us all..
If it is a court how is MNS or any other political party going to help??? It is a case in High Court caused by some over-greedy investor that is creating us all problems... so what will MNS do?? they'll issue a warning to high court???
People just wait for the court ruling and dont be jumpy and escalate the situation. It will only help in increasing the delay!! the earlier CITY is clear of all charges the better it is for us all..
Mpp...i fully agree with the view...it is we the public who is creating more problems in delaying the matter by beating their staff which resulted in closing of their office and breaking the contact line with them and then complaining in police station...now who knows without staff how they will operate in issuing letters and other correspondence for the 7th oct meeting...I appreciate the fact that people are worried and panicked but at the same time they should keep a positive approach instead of making the matters worse day by day thus delaying clearance of our payment.
All investors:
As I advised earlier please for goodness' sake rely on your own common sense, if you do not trust your common sense then don't trust any one other than an attorney and hire him to represent investors in court.
Carefully read the judgement of Supreme Court.It quashes High Court stay on registering FIR, the
Hon'ble court further states that investigations be made according to law, investigating agency can
obtain photocopies of all documents and original documents have to be submitted in court, if ordered so, and company should be allowed to carry on business without hinderance.Freezing of accounts
would be tentamount to contempt of court and further how can a company carry on business if its
accounts are freezed.
All those whose cheques have been returned please check the reason stated on memo attached
with returned cheque.If the reason for the return is 'INSUFFICIENT FUNDS', it simply means that
there are no funds in company's account.Contact your banker what would be written on memo
if accounts of drawers'(cheque issued by) frozen what would be written on the memo.
As I advised earlier please for goodness' sake rely on your own common sense, if you do not trust your common sense then don't trust any one other than an attorney and hire him to represent investors in court.
Carefully read the judgement of Supreme Court.It quashes High Court stay on registering FIR, the
Hon'ble court further states that investigations be made according to law, investigating agency can
obtain photocopies of all documents and original documents have to be submitted in court, if ordered so, and company should be allowed to carry on business without hinderance.Freezing of accounts
would be tentamount to contempt of court and further how can a company carry on business if its
accounts are freezed.
All those whose cheques have been returned please check the reason stated on memo attached
with returned cheque.If the reason for the return is 'INSUFFICIENT FUNDS', it simply means that
there are no funds in company's account.Contact your banker what would be written on memo
if accounts of drawers'(cheque issued by) frozen what would be written on the memo.
In my view, i have decided to invest knowing well that what ever returns i get by investing in RealCom is on the higher side and that such amount are not committed or linked to monthly mandatory expenditure. As such, such income would be for savings and luxury spending or non mandatory expenses. All along this company had paid the dues to the investors. I hope as an investor i would wait for the management to take the right decision at the earliest. Mr.Masood should have come out and given the exact picture of prevailing situations whether it is right or wrong. His silence is creating lots of confusions in the minds of the investors. A decision would be right or wrong however the decision taken by him needs to be shared with the investors and take some more time for taking corrective measures. Beating the staff will not bear fruit and in my opinion i feel it is barbaric. What the management says they have to do. They are salaried people. Fearing the beating from the investors they would not turn up to the job hence there would be no one to open the office. Closure of the office may also be due to the fact -- fear of beating etc.
Lets hope the case be investigated by the appropriate authorities and the facts be known to all the customers.
Lets hope the case be investigated by the appropriate authorities and the facts be known to all the customers.
Sir,
I have invested a sum of Rs 1, 29040/- (Rupees one lac twenty nine thousand and forty only) with City Realcom at their office located International Trade Tower (5th floor), Neheru Place, New Delhi before 04 months ago. In agreement I have been given 06 post dated cheque and out the 06 cheque total 04 have been encashed time to time. On 05th cheque I deposited and bounce from the bank. L:ater I enquired the matter from the office at Neheru Place I found the office is locked and got at SMS that I can deposit the cheque on 15 Sep 09.
The company office is still locked and I don not know what to do. I am an ex-serviceman and hard earn money, I would like to request you to take prompt action to get back my money from the company. An URGENT action is requested please. Please confirm me on phone[protected] and my Mob No is - [protected].
Thanking you.
Mondal B, New Delhi
I have invested a sum of Rs 1, 29040/- (Rupees one lac twenty nine thousand and forty only) with City Realcom at their office located International Trade Tower (5th floor), Neheru Place, New Delhi before 04 months ago. In agreement I have been given 06 post dated cheque and out the 06 cheque total 04 have been encashed time to time. On 05th cheque I deposited and bounce from the bank. L:ater I enquired the matter from the office at Neheru Place I found the office is locked and got at SMS that I can deposit the cheque on 15 Sep 09.
The company office is still locked and I don not know what to do. I am an ex-serviceman and hard earn money, I would like to request you to take prompt action to get back my money from the company. An URGENT action is requested please. Please confirm me on phone[protected] and my Mob No is - [protected].
Thanking you.
Mondal B, New Delhi
this also happened at star news, later i came to know that it was the investor's link that forced them to cover this situtation ...a confirm status is not available to any one...masood has defended his case that's all what's confirm