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please read this mail from i copy from high court mumbai related case in this company and there r feed also final report. this is inform you all, if any body goes to mumbai for attend a meeting please inform us for unity.
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HERE IS A MESSAGE DOWN LOADED FROM city investor .ning
PART B SCHEME OF ARRANGMENT
1) tHE CREDITORS OF THE APPLICANT CO ARE CLASSIFIED INTO CLASS A CREDITORS AND CLASS B CREDITORS.
2) THE APPLICANT CO DURING THE COURSE OF ITS BUISNESS HAVE OBTAINED DEPOSIT INCLUSIVE OF SUBSCRIPTION AMOUNT FOR PREFERENTIAL SHARES FROM ITS CREDITORS . THE PRESENT SCHEME DOES NOT IN ANY MANNER ALTER THE STATUS OF THE PREFERENTIAL SHARES AND THEIR HOLDERS.
3)tHE AMOUNT RECEIVED FROM THE CREDITORS (DEHORS THE PREFERENTIAL SHARES ) UNDER THE RESPECTIVE AGREEMENTS IS TO BE REPAID UNDER THE PRESENT SCHEME OF ARRANGEMENT . THE CREDITORS WHO HAVE ADVANCED MONEY TO THE APPLICANT COMPANY(DEHORS THE PREFERENTIAL SHARES )WHO HAVE NOT BEEN REPAID THEIR PRINCIPAL AMOUNT SHALL RECEIVE THE ENTIRE BALANCE PRINCIPAL AMOUNT TOGEHTHER WIT INTEREST THEREON FROM THEIR RESPECTIVE DUES DATES TILL PAYMENT OR REALIZATION SHALL BE PAID TO THE CREDITORS IN 12 EQUAL INSTALLMENTS ON REDUCING BALANCE BASIS .THE CREDITORS WHO STILL HAVE THE PRINCIPAL SUM OUTSTANDING ARE CLASSIFIED AS CLASS A CREDITORS
4) THE CREDITORS WHO HAVE RECEIVED THE ENTIRE PRINCIPAL AMOUNT ALONG WITH THE INTEREST AS PER THE AGREEMENT ARE HEREINAFTER CLASSIFIED AS CLASS B CREDITORS . THE CLASS B CREDITORS SHALL RECEIVE(IN THE EVENT OF ANY DUES OUTSTANDING) THE PRINCIPAL AMOUNT WITH INTEREST AT 7 % PER ANNUM FROM THEIR RESPECTIVE DUES DATES TILL PAYMENT OR REALIZATION IN 12 EQUAL INSTALLMENTS ON REDUCING BALACE BASIS, ANY CLASS B CREDITORS WHO RECEIVED THE AMOUNT IN EXCESS OF PRINCIPAL PLUS INTEREST THEREON CALCULATED AT 7% PER ANNUM FROM THEIR RESPECTIVE DUE DATES SHALL NOT BE ENTITLED OF ANY MONEY OF ANY NATURE WHAT SOEVER IT IS
PART B SCHEME OF ARRANGMENT
1) tHE CREDITORS OF THE APPLICANT CO ARE CLASSIFIED INTO CLASS A CREDITORS AND CLASS B CREDITORS.
2) THE APPLICANT CO DURING THE COURSE OF ITS BUISNESS HAVE OBTAINED DEPOSIT INCLUSIVE OF SUBSCRIPTION AMOUNT FOR PREFERENTIAL SHARES FROM ITS CREDITORS . THE PRESENT SCHEME DOES NOT IN ANY MANNER ALTER THE STATUS OF THE PREFERENTIAL SHARES AND THEIR HOLDERS.
3)tHE AMOUNT RECEIVED FROM THE CREDITORS (DEHORS THE PREFERENTIAL SHARES ) UNDER THE RESPECTIVE AGREEMENTS IS TO BE REPAID UNDER THE PRESENT SCHEME OF ARRANGEMENT . THE CREDITORS WHO HAVE ADVANCED MONEY TO THE APPLICANT COMPANY(DEHORS THE PREFERENTIAL SHARES )WHO HAVE NOT BEEN REPAID THEIR PRINCIPAL AMOUNT SHALL RECEIVE THE ENTIRE BALANCE PRINCIPAL AMOUNT TOGEHTHER WIT INTEREST THEREON FROM THEIR RESPECTIVE DUES DATES TILL PAYMENT OR REALIZATION SHALL BE PAID TO THE CREDITORS IN 12 EQUAL INSTALLMENTS ON REDUCING BALANCE BASIS .THE CREDITORS WHO STILL HAVE THE PRINCIPAL SUM OUTSTANDING ARE CLASSIFIED AS CLASS A CREDITORS
4) THE CREDITORS WHO HAVE RECEIVED THE ENTIRE PRINCIPAL AMOUNT ALONG WITH THE INTEREST AS PER THE AGREEMENT ARE HEREINAFTER CLASSIFIED AS CLASS B CREDITORS . THE CLASS B CREDITORS SHALL RECEIVE(IN THE EVENT OF ANY DUES OUTSTANDING) THE PRINCIPAL AMOUNT WITH INTEREST AT 7 % PER ANNUM FROM THEIR RESPECTIVE DUES DATES TILL PAYMENT OR REALIZATION IN 12 EQUAL INSTALLMENTS ON REDUCING BALACE BASIS, ANY CLASS B CREDITORS WHO RECEIVED THE AMOUNT IN EXCESS OF PRINCIPAL PLUS INTEREST THEREON CALCULATED AT 7% PER ANNUM FROM THEIR RESPECTIVE DUE DATES SHALL NOT BE ENTITLED OF ANY MONEY OF ANY NATURE WHAT SOEVER IT IS
Sir,
I was invest the sum of Rs:-144010 in city co-operative credit society ltd.Mumbai & City realcom ltd. vide there receipt no23052 dt.23072009 &7319 dt.23072009 respectivly. After that they called me on 5th.September 2009 for signing the contrect.when i reached there i found that there are some trubel in the office. I ask some person they told me there are going aoudit in the office.I came back our home .After some time i know there are some wrong.
So i want to withdraw my sum of Rs:-144010.00
Thanking You,
N D NAGAR
[protected]
[protected]of Ravi Nagar
I was invest the sum of Rs:-144010 in city co-operative credit society ltd.Mumbai & City realcom ltd. vide there receipt no23052 dt.23072009 &7319 dt.23072009 respectivly. After that they called me on 5th.September 2009 for signing the contrect.when i reached there i found that there are some trubel in the office. I ask some person they told me there are going aoudit in the office.I came back our home .After some time i know there are some wrong.
So i want to withdraw my sum of Rs:-144010.00
Thanking You,
N D NAGAR
[protected]
[protected]of Ravi Nagar
Please be Calm...Our money is Safe, Due to Some Political Problem We all Facing The same problem.. Dont Worry We got money Before Election. This is all Election Stunts of Some Corrupt Politician & Govt. Servent.
I am 7 year old customer of city limo. but i never heard any case of bounce che. or delay of cheq..its happens just this time only...
please keep faith on city limo... due to city limo money, many family get good lifestyle, their children get good eduction, many Parents done thier childrens marriages by city limo money.. how can u blame such company.. please help massod by keeping silence...
please
I am 7 year old customer of city limo. but i never heard any case of bounce che. or delay of cheq..its happens just this time only...
please keep faith on city limo... due to city limo money, many family get good lifestyle, their children get good eduction, many Parents done thier childrens marriages by city limo money.. how can u blame such company.. please help massod by keeping silence...
please
As an invester i am worried and confused. Only the first cheque has cleared. What is the fate of my investment? Can anyone of you guide me what should be done next? Have you all (investors) filed a complaint? Tell me the procedure please...
I came to know through tamil daily news paper Dinakaran kovai edition dated 21/09/2009, lot of investor are gathered and form association at chennai, they have say around 2000 petition are made against the company the case may be handed over to CBI or EOW. Any body from chennai, kindly inform me how to join this association and file petition. Please e mail me the details
my e mail ID [protected]@rediffmail.com.
Thanking you
N.Senthilnayagam
my e mail ID [protected]@rediffmail.com.
Thanking you
N.Senthilnayagam
prachant, kindly tell me the name of the said political party so that we investers donot go to that party during poll
Hey... wasn't it Anjum Khurana who kept telling us to forget the amount we all have invested... Now, after the City Group has flagged a message on their website assuring us that our money is safe, Anjum seems to have gone missing from this forum, why isn't Anjum making any noise now? Are you listening Anjum...
where is this guy Anjum Khurana?
bahut maje le raha tha investors ke halat par? Isko pehle doondo...Jo aadmi doosron ke bura haalat par hasta hey, uska bura waqt be nasdeek hai... do u get it khurana!!!
bahut maje le raha tha investors ke halat par? Isko pehle doondo...Jo aadmi doosron ke bura haalat par hasta hey, uska bura waqt be nasdeek hai... do u get it khurana!!!
Yeah i agree with Suresh and Saoudager...this rascal Anjum was the main culprit in spreading rumours about city limo and scaring the investors...i bet now also he will say that just flagging a message on website does not mean we will get our money back...the investors instead of beating the staff of city limo shud first catch hold of Anjum and thrash him black and blue so that next time he does not attempt such stupid thing.
There is a flash news in website of city limouzines that a meeting will be held at wilson high school mumbai on 14 and 15.Does the school really exist in mumbai if some one from mumbai. kindly give your confirmation. Iam from down south chennai.
If Anjum Khurana turns out to be a lady, will any of your gentlemen will be still willing to thrash her black and blue for voicing her opinion? ;)
i have invested my money with city during Feb of 2007. till July all the cheques got cleared without any problem and i am living very peacefully. Till Oct 15th be patient and we will hear a good news from city group. don't beleive any roumers and panic and spoil your health. thanks and regards.
At chennai the city office is locked the staff is not coming to office what about other locations like mumbai, banglore, hyderabad?.Any info please share...thanks
Intelguy...Anjum being a lady or gentleman does not make any difference
Staff kya public ki maar khane office ayega?
Hi, Emmanuel,
This address was posted on the 15th page by J. Das
Wilson High School
Dr. Wilson Street
Girgaon
Mumbai, 400004
Maharashtra
Landmark: Near Girgaon Station
Phone:[protected], 23857601
I request all who are new on this forum to check out all the back pages before they post their queries.
They might find all the information they require.
This address was posted on the 15th page by J. Das
Wilson High School
Dr. Wilson Street
Girgaon
Mumbai, 400004
Maharashtra
Landmark: Near Girgaon Station
Phone:[protected], 23857601
I request all who are new on this forum to check out all the back pages before they post their queries.
They might find all the information they require.
Dear Intelguy,
Thanks for the info
Thanks for the info
hi, all might have now seen the public notice . one important notification is given below
all a & b creditors are requested to ATTEND COPIES OF THE SCHEME OF ARRANGEMENT AND OF THE EXPLANATORY STATEMENT UNDER SECTION 393 OF COMPANIES ACT1956 AND FORM OF PROXY CAN BE HAD FREE OF COST AT THE REGISTERED OFFICE OF THE APPLICANT COMPANY OR AT THE OFFICE OF ITS ADVOCATE V.N.ASSOCIATES, 457/1, DWARKA DAS MANSION, S.V.P.ROAD, PRATHANA SAMAJ, MUMABAI-400004 ON ANY WORKING DAY (EX.SUNDAY), TILL10TH OCT-09.
PERSON ENTITLED TO ATTEND AND VOTE AT THE MEETING MAY VOTE IN PERSON OR BY PROXY PROVIDED THAT ALL PROXIES IN THE PRESCRIBED FORM ARE DEPOSITED AT THE REGISTERED OFFICE OF THE APPLICANT COMPANY NOT LATER THAN 48 HRS BEFORE THE MEETING.
SO, MUMBAITES, PLEASE
1. GET THE SCHEME OF ARRANGEMENT
2, PROXY FORM
WITHOUT EITHER OF THESE WE CANNOT ATTEND THE PROPOSED MEETINB.
PL BE GUIDED ACCORDINGLY. REGARDS
all a & b creditors are requested to ATTEND COPIES OF THE SCHEME OF ARRANGEMENT AND OF THE EXPLANATORY STATEMENT UNDER SECTION 393 OF COMPANIES ACT1956 AND FORM OF PROXY CAN BE HAD FREE OF COST AT THE REGISTERED OFFICE OF THE APPLICANT COMPANY OR AT THE OFFICE OF ITS ADVOCATE V.N.ASSOCIATES, 457/1, DWARKA DAS MANSION, S.V.P.ROAD, PRATHANA SAMAJ, MUMABAI-400004 ON ANY WORKING DAY (EX.SUNDAY), TILL10TH OCT-09.
PERSON ENTITLED TO ATTEND AND VOTE AT THE MEETING MAY VOTE IN PERSON OR BY PROXY PROVIDED THAT ALL PROXIES IN THE PRESCRIBED FORM ARE DEPOSITED AT THE REGISTERED OFFICE OF THE APPLICANT COMPANY NOT LATER THAN 48 HRS BEFORE THE MEETING.
SO, MUMBAITES, PLEASE
1. GET THE SCHEME OF ARRANGEMENT
2, PROXY FORM
WITHOUT EITHER OF THESE WE CANNOT ATTEND THE PROPOSED MEETINB.
PL BE GUIDED ACCORDINGLY. REGARDS
business standard - chennai, 22 sep 2009
[protected][protected][protected]----
People in Tamil Nadu have once again become the victim of a finance scam. It is alleged that up to 30, 000 people from different parts of the state have lost Rs 420 crore to a Mumbai-based company, City Limouzines India Ltd.
Over the past two-three days, the Chennai City Police Commissioner’s office has been flooded with complaints from the angry people who got cheated.
“Over 1, 000 complaints have been received and our initial investigation reveals that up to 30, 000 people got cheated. A case against the company has been booked under Section 420 (cheating) of the Indian Penal Code and we are searching for Abdul Massod, who was running the business, ” a senior police official said.
One of the victims, retired government employee Ramachandran S, claimed the company had issued preference shares in the name of City Realcom Limited and lured investors by asking them to invest a minimum of Rs 1.40 lakh with the promise that each one of them would get a monthly return of Rs 7, 775 per Rs 1.40 lakh.
At the end of the 60-month scheme, the customer would get Rs 50, 000 over and above the principal amount. The company paid interest every month for a year, but its cheques started bouncing since August.
“When we complained to the company, they cited different reasons and, for the last three days, the office of the company was closed in Chennai, ” stated another customer.
Business Standard also made several attempts to meet the company’s representatives at its Kodambakkam office in Chennai, but it was found closed on all the visits.
The police official said the exent of the financial fraud was yet to be ascertained. “We are yet to verify the transaction books, ” he said.
“The Economic Offences Wing of the Chennai City Police will investigate the case. They will raid the company’s office on Tuesday, ” he added.
According to the police official, the Mumbai-based company, which was operating in the city for the past one year, had established its offices across the state.
“We are tracking the people who were working with the company across the state. We are also getting details about the number of branches and their customers, ” the official said.
It was also learnt that the company was operating with a fake RBI licence since 2006. Its registered office is said to be located in Mumbai.
This is not the first time that such a case has come to light in Tamil Nadu. There have several complaints earlier too regarding alleged cheating by nidhi, chit and finance companies. Over 140 cases are pending with the Economic Offences Wing, Tamil Nadu police.
While the quantun of the total financial fraud committed in the state could not be ascertained, the size of the fraud in the top six cases (excluding City Limouzines) was Rs.1, 168 crore, with over 676, 000 victims.
==========================
don't know how to react?
[protected][protected][protected]----
People in Tamil Nadu have once again become the victim of a finance scam. It is alleged that up to 30, 000 people from different parts of the state have lost Rs 420 crore to a Mumbai-based company, City Limouzines India Ltd.
Over the past two-three days, the Chennai City Police Commissioner’s office has been flooded with complaints from the angry people who got cheated.
“Over 1, 000 complaints have been received and our initial investigation reveals that up to 30, 000 people got cheated. A case against the company has been booked under Section 420 (cheating) of the Indian Penal Code and we are searching for Abdul Massod, who was running the business, ” a senior police official said.
One of the victims, retired government employee Ramachandran S, claimed the company had issued preference shares in the name of City Realcom Limited and lured investors by asking them to invest a minimum of Rs 1.40 lakh with the promise that each one of them would get a monthly return of Rs 7, 775 per Rs 1.40 lakh.
At the end of the 60-month scheme, the customer would get Rs 50, 000 over and above the principal amount. The company paid interest every month for a year, but its cheques started bouncing since August.
“When we complained to the company, they cited different reasons and, for the last three days, the office of the company was closed in Chennai, ” stated another customer.
Business Standard also made several attempts to meet the company’s representatives at its Kodambakkam office in Chennai, but it was found closed on all the visits.
The police official said the exent of the financial fraud was yet to be ascertained. “We are yet to verify the transaction books, ” he said.
“The Economic Offences Wing of the Chennai City Police will investigate the case. They will raid the company’s office on Tuesday, ” he added.
According to the police official, the Mumbai-based company, which was operating in the city for the past one year, had established its offices across the state.
“We are tracking the people who were working with the company across the state. We are also getting details about the number of branches and their customers, ” the official said.
It was also learnt that the company was operating with a fake RBI licence since 2006. Its registered office is said to be located in Mumbai.
This is not the first time that such a case has come to light in Tamil Nadu. There have several complaints earlier too regarding alleged cheating by nidhi, chit and finance companies. Over 140 cases are pending with the Economic Offences Wing, Tamil Nadu police.
While the quantun of the total financial fraud committed in the state could not be ascertained, the size of the fraud in the top six cases (excluding City Limouzines) was Rs.1, 168 crore, with over 676, 000 victims.
==========================
don't know how to react?