[Resolved]  Escorts Finance Fixed Deposits — Default by the Company

I had booked Fixed Deposits with Escorts Finance Ltd in the year 2000 which were due for maturity in 2005. Details of the FDs are as follows:

Holder Name A/C No- XE02 Amount Date of Investment Maturity Amount Maturity Date
Somoprovo Lahiri 0081846 10, 000.00 23-Nov-2000 20000.00 23-Nov-2005
Somoprovo Lahiri 0081847 15, 000.00 23-Nov-2000 30000.00 23-Nov-2005
Somoprovo Lahiri 0081851 15, 000.00 23-Nov-2000 30000.00 23-Nov-2005
Somoprovo Lahiri 0081853 15, 000.00 23-Nov-2000 30000.00 23-Nov-2005
Somoprovo Lahiri 0081854 15, 000.00 23-Nov-2000 30000.00 23-Nov-2005
Somoprovo Lahiri 0081855 15, 000.00 23-Nov-2000 30000.00 23-Nov-2005
Somoprovo Lahiri 0081856 15, 000.00 23-Nov-2000 30000.00 23-Nov-2005

I am yet to recieve the maturity proceeds from the company. After going through various websites have come to know that the Hon'ble High Court has ordered the company to settle this issue way back in 2006.

The questions that I wish to put forth to the directors of the Escort group and all others who might be concerned through this common forum are:

1) Why all of my letters/requests have gone unanswered? I guess I have the right to be informed about all good and bad developments

2) What is the status of share conversion?

3) Does the company have the right to plead bankruptcy and not return our money?

4) If the company has indeed gone bankrupt it's promoter group still exists and now the liability should be on Escorts Group to arrange for the payments.
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Aug 14, 2020
Complaint marked as Resolved 
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