[Resolved]  Sterling Tree Magnum (India) Ltd — Purchase of a teak tree

I had purchased a teak tree worth rs.1275, on 30/6/93 and its maturity date is 29/6/13 with assured mid term payments. However nither has ant mid term payment been made nor has there been any communication from the company.

I expect a note from the company giving details of the current status along with the interim payments promised at the end of the 6th and 12th year.

Rajiv Chopra
+91 [protected]
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Aug 14, 2020
Complaint marked as Resolved 
Aug 06, 2014
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Sterling Tree Magnum (India) Ltd — no respons from company

actually i need head office address or a telephone number so i can overcome my problem regarding the shares which i had own..
please have a look for the same..

I HAVE INVESTED AROUND 48000 RS IN 1995. WE NEED TO JOIN TOGETHER TO BE A FORCE AND FIND POSSIBLE WAYS OF GETTING OUR INVESTMENT BACK. DEFINITELY WE CANT AFFORD TO BE CHEATED LIKE THIS.SPOKE TO JOSHI ANOTHER COMPLAINANT.HE TOO ENDORSES THIS VIEW.SOMEBODY NEEDS TO TAKE THE LEAD.
Dear Investor

I had invested in 15 trees and got info that the company's assets were frozen and case is going on. In the beginning of this year I contacted an advocate Mr. Gopal Krishnan @[protected]/[protected] through an investor friend of mine and got my invested money back less his (advocate)fees and charges within a short time. The info I got from my sources is Sterling tree magnum is unlikely to honour its committments to its investors. So I decided that something is better than nothing.

Regards
Shyam
Dear Investor

I had invested in 15 trees and got info that the company's assets were frozen and case is going on. In the beginning of this year I contacted an advocate Mr. Gopal Krishnan @[protected]/[protected] through an investor friend of mine and got my invested money back less his (advocate)fees and charges within a short time. The info I got from my sources is Sterling tree magnum is unlikely to honour its committments to its investors. So I decided that something is better than nothing.

Regards
Sundar
i have purchased teak tree under easy retirment teakquity the no of tree is 2 by name shardendu chaudhary under certificate no d-2757 each tree value is rs 1475/- date of joining 28/11/1994 date of maturity 27/11/2014 application no is g-101186 in this plan v opted intrim returns which is end of 6 years and12 years but unfortunatly v r dnt recive any instalment i m send many complains but their is no action i m approaches the sebi mumbai but answer is zero pl expedite our case i m grtful to u
My husband, Amit Chawla had bought 2 teak trees in 1994. We have also not received any interim returns and now we are unable to locate the company. IT seems the company is a fraud an deven SEBI has issued some notice against it.

I wonder if there is any way to locate teh company an dget our money back.

Our address is

A - 64 Sector 55
NOIDA 201301
[protected]
JOIN STERLING TREE MAGNUM COMMUNITY ON ORKUT
his forum is to assemble the Teak Equity Investor of Sterling Tree Magnum.

The Company is trying to fleece all of its investor through legal process.

This forum is made to gather sufficient number of investor so as to fight the company and force the company to negotiate. In the meantime plz note that I have taken the steps to block the company to advance towards closing the legal process ; but they have the advantage ; STM investor need to assemble fast..

There are 2.01 Lakh investors in STM, and I want if not all then atleast 50% join this forum.

Plz indicate no of Trees purchased by you.

I promise to make good profit for all of its investors.

Email address of STM is : [protected]@gmail.com

STM Ph No. :[protected]
Dear Sir,
I have a bond of 11 trees worth RS.23500.00 and I am not getting the interm returns
there fore i reques the compony to do the needful. and reply me as soon as possible




thanking you

yours faithfully
Jagdish soni
Hello,

I am having 17 trees of Sterling Tree Magnum. I am ready to sell all the 17 trees for Rs.15, 00, 000 / - ( Rupees fifteen lakhs only ). Those who are interested may contact us at the following address :

Email Id : [protected]@yahoo.com
Contact Number :[protected]

sterling tree magnum india limited — NO INTERIM REPORTS &RETURNS

Sir,I have invested Rs1275 onSTM TEAKQUITY ON31/07/1993.THE CO.cheated a small investor like me by not paying interim returns as promised at the end of 6th,&12year respectviely.MY INVESTMENT DETAILS.APPLICATION NO.X47592.DATE.31/07/1993.CERTIFICATE NO.C7588.MATURITY DATE 30/07/2013.CO ADDRESS.STERLING TREE MAGNUM(INDIA)LTD.154,ELDAMS ROAD,TEYNAMPET CHENNAI.600 018
Sterling Tree Magnum (India) Ltd.
Posted:[protected] by Rajiv Chopra Send email


Purchase of a Teak Tree
I had purchased a teak tree worth rs.1275, on 8.4.1994 and its maturity date is 7.4.2014 with assured mid term payments. However nither has ant mid term payment been made nor has there been any communication from the company.

I expect a note from the company giving details of the current status along with the interim payments promised at the end of the 6th and 12th year.
i am also facing similar problem. has anybody recd any response from the co?
I am also earning a teak tree in my name whose maturity date is 2013.
I have been trying for years to get a response or an clue about the company.
But till now we have not details.
we need to find out the status of our investment and close this.

Sterling Teak — Present position of my investment in Sterling Teak.

Sir, I had purchased TWO TEAK TREES on[protected], Application No.161, Certificate No.T.47100
@ Rs.975/-. Reg.Letter with A/D sent on 5-12-05 to Sterling Tree Magnum Services, GUNA Buildings Annexe304-305 Anna Salai,Teynampet, Chennai- 600 018, returned as "LEFT".
on 15-5-08 received an unexpected letter fron sterling Tree, I replied as ready to wait till[protected],
to get the maturity value.
Wish to know the present position of my investment, whether i will get the maturity value, and the
expected amount. request ur e mail address, present postal address, and Phone numbers with time to contact. Expecting reply, sincerely, K.P.Padmaja

Teak Tree Investment — Non tracing of company

i have purchased Starling Tree mgnum (India Ldt) plan on dated 21/3/1994 maturity date is 20/03/2014. i donotknow company whereabout. And doubt about my money

Please let me know status of company and any legal case if any
and where i put my claim

Tajinder Singh
3033/2 Sector 44-D
Chandigarh
M.no.[protected]
I Have invested in 1 tree during october 1994, details given below;

Application No. : K 412879
Certificate No. : F 11009
Name of the Owner : K Gurumurthy
Date of Joining : 31.10.1994
DAte of Maturity : 30.10.2014
No.of Teak tree(s) : 1 (one)
Tree planted at : Kanavaipatti Plantation, Perukulam, Madurai District.

As per the investment scheme iam entitled for 'Interim Returns' both at the end of 6th year (Rs.1225/-) & 12th year (Rs.5500/-), but as of date i have not heard anything from the company o this. One of the internet site i have heard that Home Appliances are getting distribued for the invested face value amount.

Iam interested in Interim Returns that is due to me and FINAL RETURNS ie at the maturity of 30.10.2014. If comany unable to distribute Interim Returns thru Monetory form i would request kindly let me have Home appliances against Interim returns of Rs.6, 725/-.

Also very much interested to know that the STATUS of the STM company as of today. What exactly is going on. Do we receive our final returns or not?. With great hope as small investor (middle class family), invested for a good returns in the future.

Iam expecting a positive Reply for the sent mail.

K Gurumurthy
Bangalore-27.
email: [protected]@gmail.com
Hi, Plz join sterling tree magnum group @ orkut.com

This group is created to assemble all STM investor in one place ; for effective action.
Hi, Plz join sterling tree magnum group @ orkut.com

This group is created to assemble all STM investor in one place ; for effective action.
Sir/Madam,
My father also purchased two teak tree in my name Vandana Rani which were planted at Jallipatti Plantation, in Coimbatore District. Application no. J522232, Certificate No. K5687. First and second interim returns were due on 28/09/2001 and 28/09/2007 respectively, however no such return has ever been received by us.
Kindly have a look into this matter.
Thanks & Regards,
Vandana
On behalf of Ram Bahadur
I have purchased two trees in 1992 with assured and matureity in 2013. but communication from.
pl advise the action .


Bijender Singh

Faridabad
[protected]

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