[Resolved] Shree Om Sai Nath Car On Rent — Court hearing details 11th May 10 | |
Today Mr. Arya has send his assistant to represent Mr. Rv & when Judge asked for Mr. Rv he was not available, So the Judge didn’t discussed much & only asked to submit the desired plan of payment & list of assets to be used for the same. The assistant submitted some paper which cannot be confirmed what was it, but the Judge seemed little satisfied & said ok & put the date for next hearing as 15th May 2010. Mr. Arya said he had deliberately avoided his presence because then things gets into long discussions without results & he has already submitted the papers for order/release as required by the Judge & if the Judge wanted to give any bail order or otherwise he would have called him. He further said he has spoken to Mr. Rv & the interest of all the investors are protected & he will run the company & pay all investors their dues though in installments or as per the contract/ agreement. He also further said that there is all probability of his bail on 15th May 2010. Sosn Investors Forum view point: We are not confirmed whether the desired papers are given to the Judge like payment Plan & list of assets to be used for the same, though we want that Mr. Rv should normally be physically present to defend himself & should work hard towards getting bail at the earliest with approval from the court to run his business as usual & start releasing the money as per directive of the court & support from the investors group. As now there is a complete clarity as per the last hearing on 6th May 10 that no evidence/proof of fraud is there & even now cheating IPC 420 section also does not stand its ground because as it is proved that Mr. Rv was not given any notice/communication and enough time to pay any defaulted amount as per the legal parameters of delay of payment/dishonour of cheques. And also irrespective of any nos. of FIR/Complaints it can not be taken as the basis for cheating even any trace of siphoning of funds is also not provided by eow/police. We expect that the good sense prevails & Judge gives the bail/release orders on 15th May 2010 but only after satisfying himself about the payment plan & list of verified available assets so there is no doubt left & a receiver should be appointed by the court who manages the payment to each & every investor as per claim/agreement/ contract so all investors are safe & feel comfortable to continue with sosn if they so desire. Sosn Investors Forum Was this information helpful? | |
Aug 13, 2020 Complaint marked as Resolved | |
 22 Comments | |
Comments
I am also an investor among others and I request and suggest Mr Arya, Mr RV' counsel and request honor to study the agreement papers and balance due out as per contract. I borrowed this money from money lander of my village @ Rs 3/- PM or @ Rs 36/- per annum and still I am paying the same since Nov 09 while I could not received a single paise from this company. Hence you are requested to think on the situations of investors now a day they are poor.
My Email ID is rajkumar.[protected]@ymail.com & Mobile No is [protected].
My Email ID is rajkumar.[protected]@ymail.com & Mobile No is [protected].
Request update the details of hearing held on 19 May 10 in Delhi Court
pls. let me know the latest news of roopes verma's bail
hi all
i rajesh, i invest 1, 60, 000/- in resort at omsainath in oct 09 and i got one cheque in nov 09 and after nov 09 no cheque cleared, plz update latest news about omsainath, thanks
i rajesh, i invest 1, 60, 000/- in resort at omsainath in oct 09 and i got one cheque in nov 09 and after nov 09 no cheque cleared, plz update latest news about omsainath, thanks
hi im vaibbhav garrud,
one of the investor in sri om sai nath car on rent.
we are also cheated by them, we invested 1, 96, 000/- in feb 2007.
got payment till nov 2009, we got are investment back even with little bit profit.
but as per the agreement we lost 2yrs return as well as the amount which will b paid after 5yrs. the sum goes around 4 lacs.
to fight with them we should be united as early as possible.
if anybody has taken initiative please contact me via mail or phone, ill join you.
my mail id " [protected]@gmail.com " tel no: [protected] .
thank you
one of the investor in sri om sai nath car on rent.
we are also cheated by them, we invested 1, 96, 000/- in feb 2007.
got payment till nov 2009, we got are investment back even with little bit profit.
but as per the agreement we lost 2yrs return as well as the amount which will b paid after 5yrs. the sum goes around 4 lacs.
to fight with them we should be united as early as possible.
if anybody has taken initiative please contact me via mail or phone, ill join you.
my mail id " [protected]@gmail.com " tel no: [protected] .
thank you
saala rupesh verma mujhe meljaye to me usko gole mar du mere 2lkh lekar bhag gya. saale ko public me gole mar de ni chahiye. nahi toh mujhe gole de do me hi gole mar dunga.
what is latest update of after 11 may 10. kindly confirm. whether Sosn investor forum works. I am not receiving email from last two months. Kindly advse
My dear Mr. Sumit as the information is made available by [protected]@gmail.com the 3/8/10 was for Mr.Amit Verma{Chairman} & 6/8/10 for Mr. Rupesh Verma {M.D} and 10/8/10 for Final. Now I am also waiting about the further progress. I am very much hopefull that by the grace of Shri Sai Nath Baba the balance invested amount will be released by Mr. Rupesh Verma. Lets Hope for the best. R.k.Nigam {Lucknow} mobile no. [protected]
Mr. Vaibhav. pl. read my comments on Mr. Verma got bail in Mumbai Chapter. R.K.Nigam {m} [protected]
on 6/8/10 The Hon'ble Judge Mr.S.P.Garg has directed the Lawer of Mr. R.Verma to deposite substantial amount in crores in Nationalised Bank & give details of the same th the court. Further the next date is 25/8/10. R.K.Nigam {Lucknow} (m) [protected]
We have received this Email from our investor member:
My dear all Investor's,
WHY RS. 15 CRORES should be used to clear the dues of Delhi Investor's only. It will be a sheer injustice with other investor across India. Why the sosn company is not putting the detail's of all the investor's across India before the Hon'ble court. In my view the total balance invested money of the investor's across India should be calculated, then the asset's and cash with the co. After then it can be decided by the court that what should be the way to protect's / return the fund's invested by the crying investor's throughout India, and if this thing is not taken into consideration then it will be a blot in the name of justice. So it's my request to all investor's across India that in every city where the sosn co. was running his business one DEDICATED PERSON should come forward along with the data of the Investor's of his city. In this way the total balance INVESTED MONEY can be calculated. So be hurry and don't waste the time till then from every city a request should be forwarded by the POLICE/EOW to the Delhi Court before Hon'ble Judge Mr. S.P.GARG not to grant any bail .
R.K.Nigam ( Lucknow) (m) [protected]
We support the above mentioned statement & request everybody across sosn centre city/state to select representatives to lead them bring justice to the cause of the investors.
Those who are interested may send an email to us so the same can be circulated among investors & an Investors Forum can be formed.
Sosn Investors Forum
My dear all Investor's,
WHY RS. 15 CRORES should be used to clear the dues of Delhi Investor's only. It will be a sheer injustice with other investor across India. Why the sosn company is not putting the detail's of all the investor's across India before the Hon'ble court. In my view the total balance invested money of the investor's across India should be calculated, then the asset's and cash with the co. After then it can be decided by the court that what should be the way to protect's / return the fund's invested by the crying investor's throughout India, and if this thing is not taken into consideration then it will be a blot in the name of justice. So it's my request to all investor's across India that in every city where the sosn co. was running his business one DEDICATED PERSON should come forward along with the data of the Investor's of his city. In this way the total balance INVESTED MONEY can be calculated. So be hurry and don't waste the time till then from every city a request should be forwarded by the POLICE/EOW to the Delhi Court before Hon'ble Judge Mr. S.P.GARG not to grant any bail .
R.K.Nigam ( Lucknow) (m) [protected]
We support the above mentioned statement & request everybody across sosn centre city/state to select representatives to lead them bring justice to the cause of the investors.
Those who are interested may send an email to us so the same can be circulated among investors & an Investors Forum can be formed.
Sosn Investors Forum
0 minutes ago by rajendra kumar nigam [send email]
R.K.Nigam ( m) [protected]
13 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 7th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Wed, 8 September, 2010 10:31:59 PM
Subject: Court hearing details 7th September 10
Dear Investor Friends,
We are thankful to Mr. Anil for providing info on the court hearing held on 7th September 10. Further to add a settlement formula has been made by the complainants & Mr. Rv lawyers which as per the committee to be formed under the Chairmanship of a Retired Judge Justice Chopra will receive the suggestions & objections to the settlement procedure of distributing balance amount of principal amount amongst the Investors. As mentioned the Committee will comprise of lawyers (both parties) Representatives from SOSN, EOW and elected representative from the Investors Forum (If any).
The only lacuna is that in the absence of any elected representative from Investors Forum (which is not formed any where in the country, if any we are not aware) will certainly going to harm the interest of investors at large. We are also susceptible of non-investors and even persons with vested interest taking the advantage of the same & harming the interest of genuine investors.
As there was a request by the complainant's lawyers to cater to the need of their clients first but not accepted by the judge will again try to press their demands in the committee (which they are going to be members of). We request eminent personalities from varied facade of society having good standing & if have invested amount in SOSN to come forward & take the challenge of getting a true and empathetic settlement & justice to the affected investors brother n.
The court does not have any reservations to Mr. Rv running the company after getting bail & taking investors into confidence as there was no cheating, embezzlement of funds and criminal conspiracy on the part of Mr. Rv & co. only some overzealous investors with the connivance of some lawyers has got him arrested & rest is history. Mr. Rv & team is also of the same opinion as everything was very much legal & as per the law of the land.
Mr. Rv is expected to get bail within the next one to two hearings following the formation of the committee & execution of the settlement procedure. Nexthearing is on 9th September 2010.
Sosn Investors Forum
11 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 9th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Fri, 10 September, 2010 11:27:43 PM
Subject: Court hearing details 9th September 10
We are thankful to our Investor Members like Mr. Anil & Mr. Manoj who have taken up the cause of providing details of the hearing of sosn case & are also trying to support investors to form a group to help Investors across India.
First the details of the hearing; as the time given was 2.30 pm most of the investors, I.O., Mr. Rvs & Mr. Av lawyers were outside the court room discussing modalities of getting bail to Mr. Rv & exercising restrain on the onslaught by some of the complainant’s lawyers.
Finding it an opportunity, some of the complainant’s lawyers presented their case first in the court without waiting for rest to join & openly challenged the chances of Mr. Rv getting bail on the ground of ready to pay the amount available with the court to the investors & not to their clients first also they started objecting to the MOU made wherein Retd. Judge Mr. RC Chopra would head the committee & not finding their names as committee members.
Mean while rest of the complainant’s lawyers joined & they started fighting among themselves who should get the amount first by becoming the member of the committee based on nos. of clients they represent and to divert the attention from the merit of the arguments of bail & instead they even claimed the session court does not have authority/jurisdiction to appoint/direct the Retd. Judge Mr. Chopra to head the committee & report to court on the progress time & on.
By then the lawyers Mr. Rv & Mr. Av Mr. Ramesh Gupta, Mr. JS Chowdhary & Mr. Aman Sareen joined but as most of the damages were done they were not able to persuade Judge Mr. Garg to grant interim bail as even some complainant’s lawyers claimed that Mr. Rv will run off & all the amount confiscated by the court will get forfeited till Mr. Rv is rearrested no point giving him bail now.
The Judge finding it tough on many issues kept his judgment on bail reserved till the issue of forming the committee & repayment of amount to the investors start & transferred the case back to the trial court for the same though suggesting that he will recommend the lower court to bypass earlier objections it had & look the same in a fresh & positive manner.
The next hearing date is 13th September 10 & will be in the lower court at 2 pm.
Sosn Investors Forum
Disclaimer. Sosn Investor Forum is only extending an voluntary service in the interest of investors and irrespective of all efforts been made to provide authentic; true and correct information; cannot guarantee the same nor does it provide any professional; legal; financial advice. It is individuals and readers own prerogative to Interpret & understand at their own level.
9 minutes ago by rajendra kumar nigam [send email]
Fw: Members support for representation
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Sun, 12 September, 2010 5:15:06 PM
Subject: Members support for representation
We have received this Email from our investor member:
My dear all Investor's,
WHY RS. 15 CRORES should be used to clear the dues of Delhi Investor's only. It will be a sheer injustice with other investor across India. Why the sosn company is not putting the detail's of all the investor's across India before the Hon'ble court. In my view the total balance invested money of the investor's across India should be calculated, then the asset's and cash with the co. After then it can be decided by the court that what should be the way to protect's / return the fund's invested by the crying investor's throughout India, and if this thing is not taken into consideration then it will be a blot in the name of justice. So it's my request to all investor's across India that in every city where the sosn co. was running his business one DEDICATED PERSON should come forward along with the data of the Investor's of his city. In this way the total balance INVESTED MONEY can be calculated. So be hurry and don't waste the time till then from every city a request should be forwarded by the POLICE/EOW to the Delhi Court before Hon'ble Judge Mr. S.P.GARG not to grant any bail .
R.K.Nigam ( Lucknow) (m) [protected]
We support the above mentioned statement & request everybody across sosn centre city/state to select representatives to lead them bring justice to the cause of the investors.
Those who are interested may send an email to us so the same can be circulated among investors & an Investors Forum can be formed.
Sosn Investors Forum
R.K.Nigam ( m) [protected]
13 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 7th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Wed, 8 September, 2010 10:31:59 PM
Subject: Court hearing details 7th September 10
Dear Investor Friends,
We are thankful to Mr. Anil for providing info on the court hearing held on 7th September 10. Further to add a settlement formula has been made by the complainants & Mr. Rv lawyers which as per the committee to be formed under the Chairmanship of a Retired Judge Justice Chopra will receive the suggestions & objections to the settlement procedure of distributing balance amount of principal amount amongst the Investors. As mentioned the Committee will comprise of lawyers (both parties) Representatives from SOSN, EOW and elected representative from the Investors Forum (If any).
The only lacuna is that in the absence of any elected representative from Investors Forum (which is not formed any where in the country, if any we are not aware) will certainly going to harm the interest of investors at large. We are also susceptible of non-investors and even persons with vested interest taking the advantage of the same & harming the interest of genuine investors.
As there was a request by the complainant's lawyers to cater to the need of their clients first but not accepted by the judge will again try to press their demands in the committee (which they are going to be members of). We request eminent personalities from varied facade of society having good standing & if have invested amount in SOSN to come forward & take the challenge of getting a true and empathetic settlement & justice to the affected investors brother n.
The court does not have any reservations to Mr. Rv running the company after getting bail & taking investors into confidence as there was no cheating, embezzlement of funds and criminal conspiracy on the part of Mr. Rv & co. only some overzealous investors with the connivance of some lawyers has got him arrested & rest is history. Mr. Rv & team is also of the same opinion as everything was very much legal & as per the law of the land.
Mr. Rv is expected to get bail within the next one to two hearings following the formation of the committee & execution of the settlement procedure. Nexthearing is on 9th September 2010.
Sosn Investors Forum
11 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 9th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Fri, 10 September, 2010 11:27:43 PM
Subject: Court hearing details 9th September 10
We are thankful to our Investor Members like Mr. Anil & Mr. Manoj who have taken up the cause of providing details of the hearing of sosn case & are also trying to support investors to form a group to help Investors across India.
First the details of the hearing; as the time given was 2.30 pm most of the investors, I.O., Mr. Rvs & Mr. Av lawyers were outside the court room discussing modalities of getting bail to Mr. Rv & exercising restrain on the onslaught by some of the complainant’s lawyers.
Finding it an opportunity, some of the complainant’s lawyers presented their case first in the court without waiting for rest to join & openly challenged the chances of Mr. Rv getting bail on the ground of ready to pay the amount available with the court to the investors & not to their clients first also they started objecting to the MOU made wherein Retd. Judge Mr. RC Chopra would head the committee & not finding their names as committee members.
Mean while rest of the complainant’s lawyers joined & they started fighting among themselves who should get the amount first by becoming the member of the committee based on nos. of clients they represent and to divert the attention from the merit of the arguments of bail & instead they even claimed the session court does not have authority/jurisdiction to appoint/direct the Retd. Judge Mr. Chopra to head the committee & report to court on the progress time & on.
By then the lawyers Mr. Rv & Mr. Av Mr. Ramesh Gupta, Mr. JS Chowdhary & Mr. Aman Sareen joined but as most of the damages were done they were not able to persuade Judge Mr. Garg to grant interim bail as even some complainant’s lawyers claimed that Mr. Rv will run off & all the amount confiscated by the court will get forfeited till Mr. Rv is rearrested no point giving him bail now.
The Judge finding it tough on many issues kept his judgment on bail reserved till the issue of forming the committee & repayment of amount to the investors start & transferred the case back to the trial court for the same though suggesting that he will recommend the lower court to bypass earlier objections it had & look the same in a fresh & positive manner.
The next hearing date is 13th September 10 & will be in the lower court at 2 pm.
Sosn Investors Forum
Disclaimer. Sosn Investor Forum is only extending an voluntary service in the interest of investors and irrespective of all efforts been made to provide authentic; true and correct information; cannot guarantee the same nor does it provide any professional; legal; financial advice. It is individuals and readers own prerogative to Interpret & understand at their own level.
9 minutes ago by rajendra kumar nigam [send email]
Fw: Members support for representation
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Sun, 12 September, 2010 5:15:06 PM
Subject: Members support for representation
We have received this Email from our investor member:
My dear all Investor's,
WHY RS. 15 CRORES should be used to clear the dues of Delhi Investor's only. It will be a sheer injustice with other investor across India. Why the sosn company is not putting the detail's of all the investor's across India before the Hon'ble court. In my view the total balance invested money of the investor's across India should be calculated, then the asset's and cash with the co. After then it can be decided by the court that what should be the way to protect's / return the fund's invested by the crying investor's throughout India, and if this thing is not taken into consideration then it will be a blot in the name of justice. So it's my request to all investor's across India that in every city where the sosn co. was running his business one DEDICATED PERSON should come forward along with the data of the Investor's of his city. In this way the total balance INVESTED MONEY can be calculated. So be hurry and don't waste the time till then from every city a request should be forwarded by the POLICE/EOW to the Delhi Court before Hon'ble Judge Mr. S.P.GARG not to grant any bail .
R.K.Nigam ( Lucknow) (m) [protected]
We support the above mentioned statement & request everybody across sosn centre city/state to select representatives to lead them bring justice to the cause of the investors.
Those who are interested may send an email to us so the same can be circulated among investors & an Investors Forum can be formed.
Sosn Investors Forum
0 minutes ago by rajendra kumar nigam [send email]
R.K.Nigam ( m) [protected]
13 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 7th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Wed, 8 September, 2010 10:31:59 PM
Subject: Court hearing details 7th September 10
Dear Investor Friends,
We are thankful to Mr. Anil for providing info on the court hearing held on 7th September 10. Further to add a settlement formula has been made by the complainants & Mr. Rv lawyers which as per the committee to be formed under the Chairmanship of a Retired Judge Justice Chopra will receive the suggestions & objections to the settlement procedure of distributing balance amount of principal amount amongst the Investors. As mentioned the Committee will comprise of lawyers (both parties) Representatives from SOSN, EOW and elected representative from the Investors Forum (If any).
The only lacuna is that in the absence of any elected representative from Investors Forum (which is not formed any where in the country, if any we are not aware) will certainly going to harm the interest of investors at large. We are also susceptible of non-investors and even persons with vested interest taking the advantage of the same & harming the interest of genuine investors.
As there was a request by the complainant's lawyers to cater to the need of their clients first but not accepted by the judge will again try to press their demands in the committee (which they are going to be members of). We request eminent personalities from varied facade of society having good standing & if have invested amount in SOSN to come forward & take the challenge of getting a true and empathetic settlement & justice to the affected investors brother n.
The court does not have any reservations to Mr. Rv running the company after getting bail & taking investors into confidence as there was no cheating, embezzlement of funds and criminal conspiracy on the part of Mr. Rv & co. only some overzealous investors with the connivance of some lawyers has got him arrested & rest is history. Mr. Rv & team is also of the same opinion as everything was very much legal & as per the law of the land.
Mr. Rv is expected to get bail within the next one to two hearings following the formation of the committee & execution of the settlement procedure. Nexthearing is on 9th September 2010.
Sosn Investors Forum
11 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 9th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Fri, 10 September, 2010 11:27:43 PM
Subject: Court hearing details 9th September 10
We are thankful to our Investor Members like Mr. Anil & Mr. Manoj who have taken up the cause of providing details of the hearing of sosn case & are also trying to support investors to form a group to help Investors across India.
First the details of the hearing; as the time given was 2.30 pm most of the investors, I.O., Mr. Rvs & Mr. Av lawyers were outside the court room discussing modalities of getting bail to Mr. Rv & exercising restrain on the onslaught by some of the complainant’s lawyers.
Finding it an opportunity, some of the complainant’s lawyers presented their case first in the court without waiting for rest to join & openly challenged the chances of Mr. Rv getting bail on the ground of ready to pay the amount available with the court to the investors & not to their clients first also they started objecting to the MOU made wherein Retd. Judge Mr. RC Chopra would head the committee & not finding their names as committee members.
Mean while rest of the complainant’s lawyers joined & they started fighting among themselves who should get the amount first by becoming the member of the committee based on nos. of clients they represent and to divert the attention from the merit of the arguments of bail & instead they even claimed the session court does not have authority/jurisdiction to appoint/direct the Retd. Judge Mr. Chopra to head the committee & report to court on the progress time & on.
By then the lawyers Mr. Rv & Mr. Av Mr. Ramesh Gupta, Mr. JS Chowdhary & Mr. Aman Sareen joined but as most of the damages were done they were not able to persuade Judge Mr. Garg to grant interim bail as even some complainant’s lawyers claimed that Mr. Rv will run off & all the amount confiscated by the court will get forfeited till Mr. Rv is rearrested no point giving him bail now.
The Judge finding it tough on many issues kept his judgment on bail reserved till the issue of forming the committee & repayment of amount to the investors start & transferred the case back to the trial court for the same though suggesting that he will recommend the lower court to bypass earlier objections it had & look the same in a fresh & positive manner.
The next hearing date is 13th September 10 & will be in the lower court at 2 pm.
Sosn Investors Forum
Disclaimer. Sosn Investor Forum is only extending an voluntary service in the interest of investors and irrespective of all efforts been made to provide authentic; true and correct information; cannot guarantee the same nor does it provide any professional; legal; financial advice. It is individuals and readers own prerogative to Interpret & understand at their own level.
9 minutes ago by rajendra kumar nigam [send email]
Fw: Members support for representation
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Sun, 12 September, 2010 5:15:06 PM
Subject: Members support for representation
We have received this Email from our investor member:
My dear all Investor's,
WHY RS. 15 CRORES should be used to clear the dues of Delhi Investor's only. It will be a sheer injustice with other investor across India. Why the sosn company is not putting the detail's of all the investor's across India before the Hon'ble court. In my view the total balance invested money of the investor's across India should be calculated, then the asset's and cash with the co. After then it can be decided by the court that what should be the way to protect's / return the fund's invested by the crying investor's throughout India, and if this thing is not taken into consideration then it will be a blot in the name of justice. So it's my request to all investor's across India that in every city where the sosn co. was running his business one DEDICATED PERSON should come forward along with the data of the Investor's of his city. In this way the total balance INVESTED MONEY can be calculated. So be hurry and don't waste the time till then from every city a request should be forwarded by the POLICE/EOW to the Delhi Court before Hon'ble Judge Mr. S.P.GARG not to grant any bail .
R.K.Nigam ( Lucknow) (m) [protected]
We support the above mentioned statement & request everybody across sosn centre city/state to select representatives to lead them bring justice to the cause of the investors.
Those who are interested may send an email to us so the same can be circulated among investors & an Investors Forum can be formed.
Sosn Investors Forum
R.K.Nigam ( m) [protected]
13 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 7th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Wed, 8 September, 2010 10:31:59 PM
Subject: Court hearing details 7th September 10
Dear Investor Friends,
We are thankful to Mr. Anil for providing info on the court hearing held on 7th September 10. Further to add a settlement formula has been made by the complainants & Mr. Rv lawyers which as per the committee to be formed under the Chairmanship of a Retired Judge Justice Chopra will receive the suggestions & objections to the settlement procedure of distributing balance amount of principal amount amongst the Investors. As mentioned the Committee will comprise of lawyers (both parties) Representatives from SOSN, EOW and elected representative from the Investors Forum (If any).
The only lacuna is that in the absence of any elected representative from Investors Forum (which is not formed any where in the country, if any we are not aware) will certainly going to harm the interest of investors at large. We are also susceptible of non-investors and even persons with vested interest taking the advantage of the same & harming the interest of genuine investors.
As there was a request by the complainant's lawyers to cater to the need of their clients first but not accepted by the judge will again try to press their demands in the committee (which they are going to be members of). We request eminent personalities from varied facade of society having good standing & if have invested amount in SOSN to come forward & take the challenge of getting a true and empathetic settlement & justice to the affected investors brother n.
The court does not have any reservations to Mr. Rv running the company after getting bail & taking investors into confidence as there was no cheating, embezzlement of funds and criminal conspiracy on the part of Mr. Rv & co. only some overzealous investors with the connivance of some lawyers has got him arrested & rest is history. Mr. Rv & team is also of the same opinion as everything was very much legal & as per the law of the land.
Mr. Rv is expected to get bail within the next one to two hearings following the formation of the committee & execution of the settlement procedure. Nexthearing is on 9th September 2010.
Sosn Investors Forum
11 minutes ago by rajendra kumar nigam [send email]
Fw: Court hearing details 9th September 10
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Fri, 10 September, 2010 11:27:43 PM
Subject: Court hearing details 9th September 10
We are thankful to our Investor Members like Mr. Anil & Mr. Manoj who have taken up the cause of providing details of the hearing of sosn case & are also trying to support investors to form a group to help Investors across India.
First the details of the hearing; as the time given was 2.30 pm most of the investors, I.O., Mr. Rvs & Mr. Av lawyers were outside the court room discussing modalities of getting bail to Mr. Rv & exercising restrain on the onslaught by some of the complainant’s lawyers.
Finding it an opportunity, some of the complainant’s lawyers presented their case first in the court without waiting for rest to join & openly challenged the chances of Mr. Rv getting bail on the ground of ready to pay the amount available with the court to the investors & not to their clients first also they started objecting to the MOU made wherein Retd. Judge Mr. RC Chopra would head the committee & not finding their names as committee members.
Mean while rest of the complainant’s lawyers joined & they started fighting among themselves who should get the amount first by becoming the member of the committee based on nos. of clients they represent and to divert the attention from the merit of the arguments of bail & instead they even claimed the session court does not have authority/jurisdiction to appoint/direct the Retd. Judge Mr. Chopra to head the committee & report to court on the progress time & on.
By then the lawyers Mr. Rv & Mr. Av Mr. Ramesh Gupta, Mr. JS Chowdhary & Mr. Aman Sareen joined but as most of the damages were done they were not able to persuade Judge Mr. Garg to grant interim bail as even some complainant’s lawyers claimed that Mr. Rv will run off & all the amount confiscated by the court will get forfeited till Mr. Rv is rearrested no point giving him bail now.
The Judge finding it tough on many issues kept his judgment on bail reserved till the issue of forming the committee & repayment of amount to the investors start & transferred the case back to the trial court for the same though suggesting that he will recommend the lower court to bypass earlier objections it had & look the same in a fresh & positive manner.
The next hearing date is 13th September 10 & will be in the lower court at 2 pm.
Sosn Investors Forum
Disclaimer. Sosn Investor Forum is only extending an voluntary service in the interest of investors and irrespective of all efforts been made to provide authentic; true and correct information; cannot guarantee the same nor does it provide any professional; legal; financial advice. It is individuals and readers own prerogative to Interpret & understand at their own level.
9 minutes ago by rajendra kumar nigam [send email]
Fw: Members support for representation
From:
Rajendra Nigam <[protected]@yahoo.in>
View Contact
To: [protected]@gmail.com
----- Forwarded Message ----
From: Investor Forum <[protected]@gmail.com>
To: Investor Forum <[protected]@gmail.com>
Sent: Sun, 12 September, 2010 5:15:06 PM
Subject: Members support for representation
We have received this Email from our investor member:
My dear all Investor's,
WHY RS. 15 CRORES should be used to clear the dues of Delhi Investor's only. It will be a sheer injustice with other investor across India. Why the sosn company is not putting the detail's of all the investor's across India before the Hon'ble court. In my view the total balance invested money of the investor's across India should be calculated, then the asset's and cash with the co. After then it can be decided by the court that what should be the way to protect's / return the fund's invested by the crying investor's throughout India, and if this thing is not taken into consideration then it will be a blot in the name of justice. So it's my request to all investor's across India that in every city where the sosn co. was running his business one DEDICATED PERSON should come forward along with the data of the Investor's of his city. In this way the total balance INVESTED MONEY can be calculated. So be hurry and don't waste the time till then from every city a request should be forwarded by the POLICE/EOW to the Delhi Court before Hon'ble Judge Mr. S.P.GARG not to grant any bail .
R.K.Nigam ( Lucknow) (m) [protected]
We support the above mentioned statement & request everybody across sosn centre city/state to select representatives to lead them bring justice to the cause of the investors.
Those who are interested may send an email to us so the same can be circulated among investors & an Investors Forum can be formed.
Sosn Investors Forum
I suggest-
1) to request the Session / District court for appointment of Arbitrator for attachment of companies as well as Roppesh Vermas property for sell and disbursement of Investors money.
2) Put cheque who is having and proceed with 138 of NI Act.
Omprakash
1) to request the Session / District court for appointment of Arbitrator for attachment of companies as well as Roppesh Vermas property for sell and disbursement of Investors money.
2) Put cheque who is having and proceed with 138 of NI Act.
Omprakash
hi all investor my name is shakoor . my father is invest 120000 rupees on om sai car on rent froud skeem.
my father is s.t.conductor retirement and i was no commnication or no news for om sai car on rent so all invester if is om sai skeem is start now so please call me or SMS me Or Miss call me my number is [protected]. so please call me
my father is s.t.conductor retirement and i was no commnication or no news for om sai car on rent so all invester if is om sai skeem is start now so please call me or SMS me Or Miss call me my number is [protected]. so please call me
Dear Investors, of Sri om sai nath...
Pls let me knw wht happnd in the case of om sai nath...has any body got compensation frm them ..pls let us knw abt that...
Vaibbhav
mumbai -[protected]
Pls let me knw wht happnd in the case of om sai nath...has any body got compensation frm them ..pls let us knw abt that...
Vaibbhav
mumbai -[protected]
SHREE OM SAI NATH CAR ON RENT — Court hearing details 6th May 10
As per efforts by Mr. Arya & production warrant taken by him on 29th April 2010 on a special request from the Judge, Mr. Arya was able to produce Mr. Roopesh Verma in the honourable court of Mr. Ajay Pandey at 2.30 pm on 6th May 2010. The Rajasthan Police along with Delhi Police brought him to Delhi.The production of Mr. Roopesh Verma was a shot in the arm for Mr. Arya & team & was very much in the interest of the Investors as his presence was required to dispel the fear among the investors about his intentions to pay & run his company.
Mr. Arya thanked the honourable Judge for the order and started presenting the papers for the bail procedure & requested for his immediate release on grounds of his readiness to pay and availability of the assets at his/sosn disposal for the same. Which was opposed by the lawyers of the complainant’s stating the large nos of complaint’s filed by investors as mentioned in the charge-sheet (approx 2500).
The Judge discussed about the payment plan & details of the property as mentioned by Mr. Rv. Mr. Verma himself defended his case & told the Judge that since beginning he has been very out spoken about giving payment to each & every investor even to the complainant’s, to those who have given Affidavit of Support & those who are at present neutral. But as he has been arrested for no fault of his, without being given time to clear his position to the investors and starting of the ECS which was planned but got delay because of banks reluctance to clear the amount to investors (the court was been presented with the statement of accounts & details of the amount available in the bank as on 10th December 2009) which have lead to dishonour of the cheques stating insufficient funds. He also categorically mentioned that it was a conspiracy hatched by vested interest & he will file cases against all those who have filed FIR/complaints against him/sosn & would claim thousands of crores in damages as business losses to the tune of crores & image & goodwill loss.
When Mr. Verma was asked how he earned money out of a tourist cab running business which is quite competitive & challenging. Mr. Verma in a very discreet manner elaborated how purchasing of a car like Indica becomes entirely free for him even if he has taken only 1.25L from an investor (details are avoided in this blog for obvious reason). The judge got quite convinced about the same. Mr. RV also mentioned that he had stopped taking further investments from the investors & have ventured in resort ownership, development & management & already owning good odd properties across India where the full fledged resorts, hotels & service apartments are running and in few places the constructions was on & was scheduled to be ready in 2010, but now stopped because of his arrest. About the resort investments Mr. RV mentioned that it is only a membership fee which is charged & only if a member does not want to stay in the resort he is been paid the compensation as agreed, which anyway is very different then the tourist car business but is related.
About his cars details he mentioned that he was having 350 cars in Delhi, 450 in Mumbai & another 1000+ spread across other offices & were very much on hire by various corporate, business houses & government departments including railways which because of his arrest is in doldrums & have incurred loss of goodwill & business & would take time to reestablish the same.
About making payment to the complainant’s Mr. RV had clearly indicated that as per agreement he is not bound to make the same but he has always been ready to make the same to the investors of any balance amount of invested/principal amount (i.e. if one has deposited 1.25L & have received 80K then only 45K is balance to be paid) on humanitarian grounds. The Judge then asked the complainant’s lawyers to produce the list of complainant’s invested/principal amount which they were unable to though a incomplete list was presented but it does not contained the date of investment making it difficult to understand how much amount can be taken as balance. When Mr. Rv was requested for the same he said all his data which was in hard disk of computers (CPU) in his Delhi office has been taken away by eow & if he is given the same back that he will produce the data in the court within 4-5 days. The Judge then got angry on complainant’s lawyers for not even been ready with the basic work of knowing complete details of investment made by the complainant’s. Mr. Arya along with the complainant’s lawyers then suggested that a average can be taken out to find out the dues which the Judge calculated; it could be taken as 1 Lac per investor & if around say 4000 complaints are there (Mr. Arya was ready to take it even to 5-6k for calculation) the approx 40 Cr. is to be paid & asked Mr. Rv, how they can pay the same. Mr. Rv said that there properties in Delhi & NCR itself is of Rs.16 Cr. on the conservative side, around 350 cars in Delhi & police/eow has 2.24 Cr in their custody the accounts froze by the court has 24 Cr. Making it Rs.42.24 Cr which can be utilized to pay & if the court wants he can pay 10% of the balance amount before even getting bail but the court needs to appoint a receiver to act on his behalf & even in all places wherever sosn has offices the assets are more then the liabilities/dues of the balance of the invested/principal amount. Mr. Arya then shown the papers of Mumbai Bail orders & the details of the properties/assets of sosn sealed/froze by Mumbai police/eow. Even Mr. Rv said he owns properties in Jaipur, Indore, Mumbai, NCR, Agra etc. The Judge was quite satisfied but wanted a list of the same.
On the question of investors who have given affidavit of support/Declaration for support & those who are neutral, the Judge emphasized that they are with the company & the company has to honour the contract/agreement for rest of the period as specified which was endorsed by both Mr. Rv & Mr. Arya stating that even out of those any body ever wants to take the balance amount the co. on humanitarian grounds will give back their balance amount of the invested/principal amount & will maintain its goodwill in all circumstances & would run all its operations & expand with vigor & zeal in the shortest possible time & if by any chance the company fails in its promise/commitment the honorable Judge may/can put Mr. Rv behind bars immediately without recourse to any means/options & Mr. Rv will give this in writing declaring the same with a man of honour & dignity though he suffered both in terms of business losses & mentally & physically for the last 4+ months without a single fault of his, tears rolling out of his eyes. The Judge was sympathetic to it, but said it is unfortunate to have such things happened to a rightful person, but he is bound with the law & needs to decide on the facts & figures presented.
The person who owns the yard (land where swiss cab/sosn 350 cars used to be/are parked) has requested to shift cars from one yard to another which was readily agreed by Mr. Rv & the Judge. Also the owner of the security services wants to know whether sosn would like to continue their services to which Mr. Rv said yes & said he will clear their dues ASAP which he is unable to as he is in Jail & requested the Judge to take into consideration of the plight of persons, employees & others who are dependent on sosn running.
The complainant’s lawyers opposed the bail and said they want the dues to be cleared beforehand Mr. Rv is released to which Mr. Arya said whether they are really serious to receive their money or not when they insisted on the same Mr. Rv said he cannot pay any money till he is in jail. Then the Judge said that he cannot keep Mr. Rv in indefinite arrest & has to release him on bail in all circumstances without much delay. About the fraud & siphoning of funds the police/eow has not produced/presented any evidence/proof & have already surrendered their investigation stating they have not been able to trace anything suspicious of that kind & may wind up the case if directed by the court, the Judge seemed to be quite perturbed by the behavior/action/non action by the police/eow personals.
Mr. Rv said as it is a conspiracy hatched by vested interest against him & he will file cases against all those who have filed FIR/complaints against him/sosn & would claim thousands of crores in damages as business losses to the tune of crores & image & goodwill loss. After listening to this the complainant’s lawyers were dumbstruck & supported the idea of bail to be given to Mr. Rv but only if he gives the payment plan & list of the assets he owns which will be used to pay the same even if it is paid in installments over a period of 6-12 months. Which Mr. Rv agreed.
The Judge irrespective o[censored]tmost plea by Mr. Arya & Mr. Rv for an immediate bail & de-sealing of his offices & de-freezing his accounts across India, directed to give a plan of payment as discussed & assets owned by sosn/Mr. Rv to decide whether there is sufficient payable capacity available for the payment of balance amount to the complainant’s taking it as Rs.40Cr. approx. The Judge also dismissed the false notion that a total amount of 60 months is payable to investor stating it is illogical & limited it to only the balance amount due out of the invested/principal amount in case any amount received earlier based on the date of investment & scheme. He also gave freedom to Mr. Rv to claim losses from all sources (complainant’s, Bank other agencies) irrespective of outcome of this case as & when he deemed fit. He also supported Mr. Rv to run his company as based on earlier schemes & business model as there is no restriction by any government agencies as of now prevailing & may earn his goodwill back at the earliest & give returns/profit/compensation to all those who are supported through AOS/DFS & those neutral as per the contract/agreement in force. The Judge reserved his order on bail/release pertaining to fulfill of the requirements as desired by the court till 11th May 2010 & have order to keep him in Delhi Jail so he can be produced on 11th May 10 in his court.
About Sosn Investors Forum:
Sosn investors forum is made by group of investors & is a virtual one we are only trying to help each other by updating ourselves of information given by investors friend and in no way we are the company, legal advisor/lawyer nor we have any authority from sosn or any other agency to deal for any refund or work towards that.
Sosn Investors Forum view point:
We feel quite rest assured now that irrespective of Mr. Rv/sosn does not have liquid money to immediately pay all complainant’s their balance amount, if we take the hypothetical solution based on the assumptions presented by complainant’s lawyers & agreed by Judge & Mr. Rv of Rs.40 Cr still the possession of property, amount in bank, Cars standing in the yard & cash with police/eow converted into FD will suffice the requirement in all ways though as suggested it will be paid in installment to any & all claimants over a period of 6-12 months.
The presence of Mr. Rv has also cleared the main doubt among the investors about his intentions & capacity to pay. Mr. Rv has also quite well defended his case irrespective of Judges nature of arrogance & particularity which shows he had come prepared to do so & has acted a person of dignity & truthfulness irrespective of all allegations of fraud & unneeded arrest which has catapulted into losses of crores to him & damage of goodwill & image to his company.
We did a strategic study of business model of tourist cabs & hotel/resorts & our findings was that sosn was moving in the right direction as per various support, subsidies & schemes provided by government & various agencies and if a co. is able to manage things professionally one can earn a good return of approx 10% pm on a conservative side. Though the sosn was not very open about the properties owned & being developed by it may be a business decision but in the court now everything is opened & crystal clear & does stand a fair chance to succeed the test of time.
We have also always maintained that we do not want to come in between the judicial system, probe or any other way of findings by any agency but we were disappointed by the way our police/eow had worked & have in-fact prompted investors to file complaints o[censored]nreasonable nature burdening our judicial system with more paper work & delay in release of money to investors making them suffer for no faults of theirs.
We also sympathizes with the complainant’s as they will now only be getting balance of invested/principal amount & also in case of any claim of crores are put upon them to compensate for the losses suffered by sosn/Mr. Rv it will be a dooms day for them, though we have always suggested investors not to file FIR/complaints as it will not serve any purpose but the eagerness of lawyers to earn more money & anxiety & anguish ness of investors had made them fall into the trap. Even various investors knowingly/unknowingly prompted/forced others to file the same.
It was short sightedness of the first 2 investors who have filled the FIR they as on record with the court have almost received their invested amount back but because of them a large nos of investors have suffered to an unreasonable level.
We appreciate the defence put up by Mr. Rv himself about his companies working & his efforts to earn for investors with a expansion of sosn in mind though a small failure of his management with the bank & over enthusiasm of few investors has made his empire fall like a cards castle. Irrespective of availability of funds, assets & other properties movable & immovable still Mr. Rv has to work overboard to get back his company on good rolls of investors.
We fully agree with the Judge views to have the payment plan & list of assets to be used for the same before hand submitted in the court before the bail/release of Mr. Rv because irrespective of all contentions put up in the court there has to be concrete blueprint of repayment even if the same is paid in installments. This will spell away the fear among rest of the investors & will help genuine, interested investors to continue with sosn for a long run and also will not put undue pressure on the resources of sosn. Also this will be a deterrent for Mr. Rv to run away, if any such plans are in the offing.
It is in all circumstances in favour of investors who would like to continue with sosn as a long term receiving of profit/compensation will enrich them & will help everyone to profiteer out of the efforts of various people attached to sosn. Even the investment scheme model used by sosn to solicit funds for its expansion helps it to rotate funds in a much better way without hampering the future growth & expansion in a bigger area & larger activities of returns.
We have earlier suggested to have sosn Investors forum in various sosn centre cities now it has became more imperative to have the same because as & when sosn starts its offices & give payments a Investors Management has to be their so a eye can be kept on the performance & working of the sosn & its staff including senior management & top management so there is no repeat of such devastation takes place on frivolous complaint’s & also sosn pays the profit/compensation as per the contract/agreement in all circumstances & fulfills its basic obligation of keeping investors in good terms.
Though the hope is alive but all investors should come together to form a forum & help sosn re-stand on its feet fast & start giving profit/compensation ASAP.
Decide yourself.
Sosn Investors Forum
Disclaimer. Sosn Investor Forum is only extending an voluntary service in the interest of investors and irrespective of all efforts been made to provide authentic; true and correct information; cannot guarantee the same nor does it provide any professional; legal; financial advice. It is individuals and readers own prerogative to Interpret & understand at their own level.