[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
Elumalai.k 's response
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i am Meera Aggarwal. I have invested in Sterling Tree Magnum(india) Ltd.
Details
Date of joining - 16/10/1993
Maturity date- 15/10/2013
Application no.- T27270
Certificate No.- L2038
No.of teak tree owned- 11
Maturity value(after 20 yerars)- Rs 6, 82, 000
Land Entitilment- 117.2 sq m/1261 sq.ft/3 cents


Till now i have not received any amount and land from the company side.I need your help regarding the claim.Please let me know as soon as possible if something can be done.

Thanking You
Yours sincerely
Meera Aggarwal
Add- HNO-419, sector-21B, Near Jiva Public school,
Faridabad, 121001,
Haryana
EMAIL-namita.[protected]@gmail.com
Mob- 91 [protected],[protected]
I Purchased a teak tree worth Rs.7375 ( 5 Trees) ( certificate No D15146 ), on 30/5/95 and its maturity date is 29/5/15 with assured mid term payments. However neither 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.

Mahaveer Garg
indore-452001 MP
[protected]
i have purchased one tree on 30 th december 1992 for rs 975/ .


date of expiry 29 th december 2012
my certificate number - T31708. my application number 617296


address in certificate : d chandrasekharan, 6/53, manju apartments, thiruvalluvar salai, kk nagar, chennai


now i am in vembuliamman koil street, k k nagar, chennai.


as i was employed in overseas, i could not contact company. now i understand there is no company in operation


if anyone help me how to proceed further to lodge complaints


regards


d chandrasekharan


contact number : [protected]


mail id : [protected]@gmail.com
1ST MARCH 2015<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


I HAD PURCHASED FIVE TEAK TREES WORTH RUPEES 7875 IN THE YEAR 1995 AND WHICH WAS HAVING MATURITY DATE AS 08.02.2015 . APPLICATION NO. WAS 147566 AND THE CERTIFICATE WHICH WAS ISSUSED TO ME WAS HAVING NUMBER D 15798

NAME OF OWNER : PRABHU NATH CHOUDHARY

AGE - 31 YEARS

NAME OF NOMINEE : J P CHOUDHARY

RELATION SHIP WITH THE NOMINEE : FATHER

NO. OF TEAK TREES OWNED : 05

TEAK TREES PLANTED AT POTTIPURAM PLANTATION, IN THEVARAM SUB-REGISTRATION DISTRICT, MADURAI DISTRICT, TAMILNADU STATE THE CERTIFICATE WAS GIVEN UNDER THE COMMON SEAL OF THE COMPANY ON 23.12.2097.

AS PER RETURNS STATED IN THE CERTIFICATE :
Rs. 1, 225 PER TREE AT THE END OF 6TH YEAR FROM DATE OF JOINING, Rs. 5, 500 PER TREE AT THE END OF 12TH YEAR FROM DATE OF JOINING AND REST ON COMPLETION OF 20 YEARS. THE SCHEME WAS SUPPOSED TO BE GIVEN.

AS ALSO STATED STM EVERY YEAR SHALL INFORM THE INVESTOR ABOUT THE GROWTH OF TREEN IN THE PLANTATION AND THE GENERAL TREND OF THE TEAK PRICES IN THE MARKET ONCE A YEAR THROUGH A NEWSLETTER.

TILL TO DATE I HAVE NOT HEARD ANYTHING OF YOU NEIGHTER I HAVE THE RETURNS AFTER THE END OF 6 YEARS

PLEASE SEND ME THE RETURNS.

OTHER WISE I WOULD BE FORCED TO TAKE LEGAL ACTION AGAINST YOU
MY ADDRESS IS SAME AS UNDER :

PRABHU NATH CHOUDHARY,
E / 312, B/A BLOCK, SONARI, JAMSHEDPUR – 831 011 (JHARKHAND STATE).
I had purchased two Teak Tree worth Rs.1775/- each on 26th June 1995. The maturity dated was 25th June .2015, but as per Company I have not received any mid term/interim return or heard anything from company. In case anyone gets any update of the Company, please let me know.
Name of the owner:Jenifer Dixon
No. of teak trees: 01
Age of owner: 28 yrs.
Application No J 507685
Certificate No.K 37107.
email id jenifer.[protected]@rediffmail.com
A Director of this Co. by name P N Mohan is enjoying a great life with your money . A member of the Madras Club in Chennai, having a huge house on ECR Rd, a resort on the Kodannad Lake, Allepey, investments in Bali, Indonesia and the US etc.
Suggest you follow up with him
I P MAHENDRA INVESTED IN STERLING TREE MAGNUM (INDIA) LTD NUMBER OF TEAK TREE(S) OWNED 20 WORTH 29500 ON THE DATE 26/06/1994 AND THE SAME GOT MATURED ON 25/06/2015 BUT WHEN I TRY TO REACH THE COMPANY FOR THE MATURITY BENEFIT BUT THERE IS NO RESPONSE AND NO ADRESS IS AVAIALBLE TO REACH THEM PERSONALLY

SO PLEASE HELP IF ANY CLUES OF THE ADRESS FOR THE SETTLEMENT
I had purchased three Teak Tree worth rs.1825/- each joining date is 28.04.1997 and 06.08.1996 and maturity date is 27.04.2017 and 05.08.2016, but as per company, i have not received any midterm return or heard anything from company. the brief detail is as under:
Name of the owner: Pradeep Kumar Nayak and ALAKANANDA NAYAK

No. of teak trees: 03

Application No. P530107 and A103675
Certificate No.J13215 and P 158

My latest address is as under:
Pradeep Kumar Nayak
At: H . L . O. Colony
PO: Sambalpur Town, Near Advocate S M Panda
Dist: Sambalpur - 768001
State: Odisha
E-Mail :- nayak.[protected]@gmail.com
I HAD PURCHASED 5 TEAK TREES WORTH RUPEES 7, 650 IN THE YEAR 1994. AND WHICH WAS HAVING MATURITY DATE AS 24/11/2014 . APPLICATION NO. WAS G-116254, AND THE CERTIFICATE WHICH WAS ISSUSED TO ME WAS HAVING NUMBER D9163.
>NAME OF OWNER : Thummapudi Vijay Kumar
>NO. OF TEAK TREES OWNED : 05
>TEAK TREES PLANTED AT Kanavaipatti Plantation, in Periakulam Registration Dt., Madurai Dt. THE CERTIFICATE WAS GIVEN UNDER THE COMMON SEAL OF THE COMPANY ON 31/01/1996.
>AS PER RETURNS STATED IN THE CERTIFICATE :
>Rs. 6, 125/-.AT THE END OF 6TH YEAR FROM DATE OF JOINING.
>RS. 27, 500/- AT THE END OF 12TH YEAR FROM DATE OF JOINING.
>RS. 3, 60, 000/- AT THE END OF 20TH YEAR WHICH IS THE MATURITY DATE IS 24/11/2014.
> THE SCHEME WAS SUPPOSED TO BE GIVEN.PLEASE INTIMATE TO THE ADDRESS AT THE EARLIEST
MY CHANGE OF ADDRESS:
Thummapudi Vijaya Kumar, 304, Gopi Residency, Santhapeta, ONGOLE. 523001.
Mobile No.[protected].

I HAD PURCHASED 5 TEAK TREES WORTH RUPEES 7, 650/-.IN THE YEAR 1994, AND WHICH WAS HAVING MATURITY DATE AS 24/1/2014 AND MATURITY VALUE.3, 60, 000/-. APPLICATION NO. WAS G116254 AND THE CERTIFICATE WHICH WAS ISSUSED TO ME WAS HAVING NUMBER C9163.
>NAME OF OWNER : Thummapudi Vijaya Kumar
>NO. OF TEAK TREES OWNED : 5
>TEAK TREES PLANTED AT Kanavaipatti Plantation in Periakulam Dt. Madurai Dt. THE CERTIFICATE WAS GIVEN UNDER THE COMMON SEAL OF THE COMPANY ON 31/01/1996.
>AS PER RETURNS STATED IN THE CERTIFICATE :
>Rs.6, 125/- AT THE END OF 6TH YEAR FROM DATE OF JOINING
>Rs.27, 500/- AT THE END OF 12TH YEAR FROM DATE OF JOINING.
>Rs.3, 60, 000/- AT THE END OF MATURITY.
THE SCHEME WAS SUPPOSED TO BE GIVEN.PLEASE INTIMATE TO THE ADDRESS AT THE EARLIEST
MY CHANGE OF ADDRESS:-
Thummapudi Vijaya Kumar,
304, Gopi Residency,
Santhapeta,
ONGOLE. 523001. A.P.
Mobile No.[protected].

SANTOSH GAONKAR
Spot Receipt No BM(W) 5539 Thane region

I had also purchased the total of 3 trees on 25th MARCH 1996.
I have not recd bonus from them I want to return money from them
vide my application no- R 50073 Certificate No - K 21053


My Present address as below
Santosh Gaonkar
Ventura Residency, Row House No - 4
Bhaskar Alley Road, Near N. G Parulekar School
Vasai - West, Dist. - Palghar

Mob : [protected]

email : [protected]@yahoo.in
I had purchased 1 tree From Sterling Tree Magnum Sl. no : 024359 Certificate No - T7588 dated 10.05.1992, maturity - 09.05.2012.
But there is no response or communication or return payment from the Sterling Tree magnum.

If anybody get to know any details about STERLING TREE MAGNUM pls share


Leelabai
I have invested in one time investment plan for single tree of Rs. 1775/- in 29.07.1995 which will be matured on 28.07.2015./ In this time span, the company gives us promise for Interium Return which has been due on First 28.07.2001 second 28.07.2007 and the last maturing on 28.07.2015. But till now the company has not been able to gives us any Interium Returns till now.
My certificate No is K 30369, Application No-J 506664, On the name of -vinayak shamrao yadav...
So please guide us how will recovery our claims from the company? kindly consider it urgent.
Regards
vinayak shamrao yadav
e_mail [protected]@gmail.com
contact no-[protected]
Resident:-Kolhapur, maharashtra
Pin no-416010
I had purchased a few tree from Sterling Tree Magnum vide application No- R 50073 Certificate No - K 21053 Date of Joining 25/03/1996 but there has been no communication from company.

My latest contact as under
Santosh Gaonkar
Sai Prasad Industries
103 V.K. Ind. Complex
Khairpada, Behind K.T. Park -2
Valiv, Vasai - East, Dist.- Palghar - 401208

email Id - [protected]@yahoo.in
Mob : [protected]

Dear fellow investors
We have bought 22 trees and the details are not available now with me.
Regards
S.Chockalingam
Now in USA
[protected]
Sir,

I have invested Rs.1775/- in Sterling Tree Magnum (India) Ltd., on 18/07/1995 and its maturity date is on 17/07/2015. They have promised to repay the first interim returns amount on 17/07/2001 and second interim returns amount on 17/07/2007. As per the promise, they have not given any amount till date. They have misguide the people.

I request you to please look into the matter and include my name in the defaulter payment list and arrange to send me the hard earned money immediately from the company.

Rajinder kumar
Address: COAL INDIA LTD.
402 ANSAL BHAWAN
16 KG MARG
NEW DELHI-110001.

Present address:
B-226, MIG Flats,
Phase-4, Ashok vihar,
Delhi-110052.
Contact No.: [protected],[protected]
FILE RTI WITH SEBI.

VS GOOMBER
[protected]@gmail.com
i had purchased teak trees of Rs 1275 in the name of Om Maheshwari on 29/12/2013 from sterling india magnum india limited and not received any intimation on payments from the comapny can u please help me out the recove the money


Om maheshwari
[protected]
i am Meera Aggarwal. I have invested in Sterling Tree Magnum(india) Ltd.
Details
Date of joining - 16/10/1993
Maturity date- 15/10/2013
Application no.- T27270
Certificate No.- L2038
No.of teak tree owned- 11
Maturity value(after 20 yerars)- Rs 6, 82, 000
Land Entitilment- 117.2 sq m/1261 sq.ft/3 cents

Till now i have not received any information from the company side.I want my maturity money with land entitlement.
Please let me know as soon as possible if something
can be done.
Thanking You
Yours sincerelyMeera Aggarwal
Add- HNO-419, sector-21B,
Near Jiva Public school, Faridabad, 121001, Haryana
Mob- 91 [protected],[protected]

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