[Resolved]  Dcm Financial Services Ltd — NON REPAYMENT OF FIXED DEPOSITS

I had deposited with the above company in Fixed Deposit for one year sums of Rs 16, 000/ & Rs 14, 000/ on 6/1/97 & 18/1/97 vide FDR'S 58112 & 60142 which have matured for payments on 6/1/98 & 18/1/98.Even after 10 years the Company is yet to repay the same.Approach to the Company Law Board did not yield any result.Being a senior citizen aged 66 in 2003, I had requested the Company to make payment on compassionate grounds.Only a formal letter dated 16/1/03 came from the Company stating a comprehensive scheme approved by secured & unsecured creditors is pending before the Delhi High Court & in the meantime my case is being forworded to Compassionate Grounds Committee for consideration.After that there is total silence.
Can a solution to get my money back during my life time be suggested by the Forum as I am now 73 ?
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Aug 14, 2020
Complaint marked as Resolved 
Complaint comments 


can any body help us to get our money back from these sharks?

Fixed Deposits — Non Repayment of Fixed Deposits

I am Rakesh Kumar Gupta,resident of 78, Deshbandhu Society, I.P.Extn.15,Patparganj, Delhi-110092. My landline telephone 22733457 and Mobile [protected]. I invested Rs.50,000/- in your Company in Fixed Deposit account jointly with my wife Mrs.Ash Gupta.The deposits were in the denomination of Rs.20,000/-,Rs.20,000/- and Rs10,000/-. All these deposit receipts matured longback in year 2001.On maturity I deposited all the three instruments duly discharged with the company for payment. But I regret to state that despite my repeated requests/reminders in writing as well as telephonically,the amount has not been paid till date.I understand the Company Law Board also issued orders for the payments of the FDRs matured. But their orders have also not been honoured and the depositers who put their hardearned money with the company are severly suffering due to nonpayment of their Fixed Deposit amount by the company.There are also some depositors who are retired and put their superannuation amount in the Fixed Deposits with the company for the livelihood of their retired life.
what is the address of this company now.

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