Golden Forests Complaints & Reviews

I had filed the following complaint on July 18, 2013. -------I have invested Rs 50,000/- in Golden Forests India Limited, registered head office at- SCO[protected], Golden Complex, Manimajra, Chandigarh (UT) - 160101 under account number 01/9/LCC30442, 02/40613 on 24/11/1998, receipt no 98/175865 dt. 12/12/1998. The maturity (value Rs 1,00,000/- and insurance value Rs 1,00,000/-) date was 16/05/2002 with enrollment number 1349633. Neither have I received any amount of money on maturity, nor any communication from the management of Golden Forests India Limited. There was a newspaper notification ( in The Indian Express) dt 25th Oct, 2004 stating that the Honorable Supreme Court of India has vide its orders dt. 19th Aug 2004 appointed a committee under the chairmanship of Justice R N Aggarwal (Chief Justice Retd) to take all the assets of Golden Forests India Limited into their custody, realize the assets, call for claims of creditors, scrutinize them and submit a report to the court within six months. The chairman of the committee asked the investors to submit their claim as per the format given in the notification. As per the format, I have submitted my claim along with the original receipts given by Golden Forests India Limited in 2004, by registered post. This is my hard earned money. I am a middle class man and have suffered a lot financially. In spite of 9 years, my claim has not been settled so far. Now I am retired from my services, M/s Electronics Corporation of India Ltd (ECIL), and am a senior citizen, aged 66 years. I don't have any provision in the public sector. Hence, it is much difficult for me to feed hand to mouth to my family and myself. Moreover, I am a diabetic patient, I have to spend a lot of money on medical expenses. Hence, I request you to pursue the matter with the committee appointed by the Honorable Supreme Court of India and please see to it that my maturity amount will be settled at the earliest possible time, so that I can able to feed myself and my family with the amount I receive with your intervention and pursuance. Otherwise, it is most difficult for me to survive with the family and there is no meaning if it is not settled in my lifetime as per the direction of the Supreme Court, and it would be a gross injustice on the part of the GFIL for no fault of mine ( I invested with good faith in the system). I once again humbly request your good self to see to it that my hard earned money is returned at the earliest possible time, for which act of kindness and sympathy towards the senior citizen, I will be grateful to you in my life.
Awaiting an early reply,
Yours truly,
Basappa B
Tel: +[protected][protected]

Till date no response received. Hence I request you to expedite the matter with GFIL, as I am a senior citizen who is unable to feed hand to mouth as I have invested my hard earned money with this people. I am very much thankful to you if you expedite the matter and response to my complaint at the earliest. Early action is highly appreciated.
With regards,
Basappa B
Cell: +91 [protected]

I have invested Rs 50,000/- in Golden Forests India Limited, registered head office at- SCO[protected], Golden Complex, Manimajra, Chandigarh (UT) - 160101 under account number 01/9/LCC30442, 02/40613 on 24/11/1998, receipt no 98/175865 dt. 12/12/1998. The maturity (value Rs 1,00,000/- and insurance value Rs 1,00,000/-) date was 16/05/2002 with enrollment number 1349633. Neither have I received any amount of money on maturity, nor any communication from the management of Golden Forests India Limited. There was a newspaper notification ( in The Indian Express) dt 25th Oct, 2004 stating that the Honorable Supreme Court of India has vide its orders dt. 19th Aug 2004 appointed a committee under the chairmanship of Justice R N Aggarwal (Chief Justice Retd) to take all the assets of Golden Forests India Limited into their custody, realize the assets, call for claims of creditors, scrutinize them and submit a report to the court within six months. The chairman of the committee asked the investors to submit their claim as per the format given in the notification. As per the format, I have submitted my claim along with the original receipts given by Golden Forests India Limited in 2004, by registered post. This is my hard earned money. I am a middle class man and have suffered a lot financially. In spite of 9 years, my claim has not been settled so far. Now I am retired from my services, M/s Electronics Corporation of India Ltd (ECIL), and am a senior citizen, aged 66 years. I don't have any provision in the public sector. Hence, it is much difficult for me to feed hand to mouth to my family and myself. Moreover, I am a diabetic patient, I have to spend a lot of money on medical expenses. Hence, I request you to pursue the matter with the committee appointed by the Honorable Supreme Court of India and please see to it that my maturity amount will be settled at the earliest possible time, so that I can able to feed myself and my family with the amount I receive with your intervention and pursuance. Otherwise, it is most difficult for me to survive with the family and there is no meaning if it is not settled in my lifetime as per the direction of the Supreme Court, and it would be a gross injustice on the part of the GFIL for no fault of mine ( I invested with good faith in the system). I once again humbly request your good self to see to it that my hard earned money is returned at the earliest possible time, for which act of kindness and sympathy towards the senior citizen, I will be grateful to you in my life.
Awaiting an early reply,
Yours truly,
Basappa B
Tel: +[protected]

Dear Sir,

I have invested amount of 1000/- & 2000/-INR in the golden forest (India) limited in to the name of mohini shyamkant sonawane & nitish ravindrapatil as under recd the maturity chq no.0275322 & 0275321 from golden forest against our cash deposit dated 19/02/1996 by the name of mr K V PATIL , ENROLMENT NO -122281

My amount maturity date is 19/02/2017 under enrolment no. 122281.
As such we came to know that the company has been shut down and that no one is entitling to look for the same

So you are requested to help me to receive my amount as soon as possible.

Company address is as under,

GOLDEN FOREST (INDIA) LIMITED
S.C.O. 834, GOLDEN COMPLEX, Shivalik Enclave,
MANIMAJRA, CHANDIGARH (U.T) 160101

an agro-forestry concern (a public limited company) Regd No. 7310

Dear Sir,

My self Ankur Kulshrestha i would like to inform you that i was invested in your company on dated:[protected] an amount of Rs.1000/- against Receipt No. LS/95/58194 dated:[protected] my account No. 01/9/LSB101547, D/Plan/No./MOP.24/25L/S police maturiety date is completed as on.[protected] but still date i have not received my maturity amount the cheque issued in my favour the Cheque No.0120904 an amount of Rs.2,22,000/- 25/04/2020 submitted after maturity day to OBC Bank, Chandigarh, 17-B-160017(U.T) was return stataing the account closed.
Hence i request to you that kindly take necessary action in this regard and inform me as above mentioned email address as soon as possible.

i will very greatful to you solve my case.

My Present Address:

Ankur Kulshrestha
S/O Shree Promod Kulshrestha
E.W.F. 2/5 GovindPur Coloney
Allahabad
Mobile No . [protected],[protected]

I have invested money in GFIL as per the details as under . I would like to know likely date of payment .


DETAILS OF AMOUNT INVESTED WITH GOLDEN FORESTS (INDIA) LIMITED
Ser No Name of Investor Receipt No & date Account No Amount Invested
Rs Date of maturity Maturity Value Rs Remarks
1. Shyam Bihari Singh 98/117301 dt 06/11/1998 01/9/LSB 659410 99/93313 75,000/- 13/10/1999 87,750/- Rs 43,875/- received on 01/07/2000
2. Shyam Bihari Singh 99/19160 dt 23/03/1999 01/9/LSB 689166 99/131427 55,478 11/12/1999 64,909/- Rs 15,000/- received on 08/07/2000
3. Sapana Singh D/O Shyam Bihari Singh 97/107041 dt 08/07/1997 01/9/LSB 443107 1000/- 01/12/2000 2000/-
4. Shyam Bihari Singh 99/39224 dt 23/06/1999 01/9/LSB 709230 02/94949 2000/- 14/11/2002 4000/-
5. Shyam Bihari Singh 00/24375 dt 08/04/2000 01/9/LSB 775761 03/107808 2000/- 20/07/2003 4000/-
6. Shyam Bihari Singh 00/12773 dt 25/02/2000 01/9/LSB 764159 03/80981 1000/- 28/07/2003 2000/-
7. Shyam Bihari Singh 98/103847 dt 15/05/1998 GLA 103847 25000/- 15/04/2003 75000/-
8. Laljhari Devi W/O Shyam Bihari Singh 98/103848 dt 15/05/1998 GLA 103848 25000/- 15/04/2003 75000/-
9. Shyam Bihari Singh 97/27679 dt 07/02/1997 01/9/LSB 363745 500-/ 07/01/2009 5000-/
10. Shyam Bihari Singh 96/54929 dt 26/04/1996 01/9/LSB 211520 500/- 26/02/2021 1,11,000/-
11. AJIT Kumar Singh S/O Shyam Bihari Singh 97/35332 dt 18/03/1997 01/9/LSB 371398 500-/ 14/01/2022 1,11,000-/

Dear Sir,
I have invested amount near about of Rs One Lac Thirty thousands in so many parts in Golden Forests India Limited and the maximum date of maturity has all ready been expired during 1999 and 2000. But till date I have not received my amount. I would like to know likely date of payment .
I want to gen return of our invested money which was invested in GFIL.

1) Receipt no.[protected] Date 9/12/2012
Issue Date 17/2/1997
zone - 3 St no –JNC97-6004/154836 Date 28/1/1997
commencement date – 14/1/1997
Date of maturity 14/1/2003
enrollment no - 621328
Account no -01/9/LSC584963
certificate value – 1000.00(0NE THOUSAND)
maturity value - 3000.00(THREE THOUSAND)
Zone 383374 .Mr Alok Kr Paul (Age38) Mrs. Sonali Paul(Age33)

2) Receipt no. -9733276
Issue Date 17/2/1997
zone - 3 St no –JNC97-6004/154836 Date 28/1/1997
commencement date – 14/1/1997
Date of maturity 14/1/2022
enrollment no - 621328
Account no -01/9/LSC584964
certificate value – 1000.00(0NE THOUSAND)
maturity value – 2,22,000.00(TWO LAKH TWENTY TWO THOUSAND)
Zone 383375 .Mr Alok Kr Paul (Age38) Mrs. Sonali Paul(Age33)
3) Receipt no.[protected]
Issue Date 11/12/1997
zone - 3 St no –DCC97-1619/777791 Date 26/11/1997
commencement date – 8/11/1997
Date of maturity 8/5/2001
enrollment no - 621328
Account no -01/9/LSC836039
certificate value – 10,000.00(TEN THOUSAND)
maturity value – 20,000.00(TWENTY THOUSAND)
Zone 605179 .Mr Alok Kr Paul (Age38) Mrs. Sonali Paul(Age33)


The original certificate of above 3 receipt was deposited to office of the committee GFIL appointed by supreme court of india on 27th november2004 acknowledgement no D121643 dated 23/11/2004
Sir till today we have not received any amount hope you will look into the matter and arrange to reimburse. the total due amount in my saving bank account. details is central bank sonari branch saving account no [protected] jamshedpur IFSC cbi no- 281271

Thanks
Mr Alok Kr Paul
Damayanti apartment flat c/2
Ramnagar road no-6 post office sonari
Pin code 831011 Jmashedpur Jharkhand dist East Singhbhum .
Phone no[protected],[protected]

Receipt no. -LS/00/83250
Issue Date 26/5/2000
zone - 3 St no -my coo- [protected] Date 11/04/2000
commencement date - 18/3/2000
Date of maturity 18/9/2003
enrollment no - 1513105
Account no -01/9/Lcc258847
certificate value - 200000.00(two lakh)
maturity value - 400000.00(four lakh)
Zone (3) .Mr Chandra Nath khan (56) Mrs. Banani Khan(45)

The original certificate Receipt was deposited to office of the committee GFIL appointed by supreme court of india on november 2004.
Sir till today we have not received any amount hope you will look into the matter and arrange to reimburse. the total due amount in my saving bank account. details is central bank sonari branch saving account no [protected] jamshedpur IFSC cbi no- 281271

Thanks
Chandra Nath Khan
C/ 172 A-b block
Sonari near Rammandir
Pin code 831011 Jmashedpur Jharkhand dist East Singhbhum
phone no - [protected], [protected]

I,KANCHAN KUMARI had bought a policy(GOLDEN FORESTS (INDIA)LIMITED An Agro-Forestry Concern(A public Limited Company) Registered under the Companies Act 1956 with Registration No.7310)ACCOUNT NO.01/9/LSC719837DD No.121650 dt.19.05.97 and submitted to payment from The Chairman committee Main building GFIL via Patiala dtd. 17.03.05 till date no information about it .

Dear Sir,

Just Now , I have provided with all the details of the Deposits receipt held by GFIl, Please look in to the matter very seriously , as we are facing a financial crises, and are utmost in need of money.

We have not received a singly penny from the amount invested in GFIl till date , even if the expiry date has been over long before.

While doing the investment , we were shown dreams of earning huge amount , which seems to be wiped out now !
We are lower middle class people, who believe in small earnings. please try to retain atleast our belief.

I am a retired person and my sons & daughter is also earning hand to mouth and we have lots of expenses before me to be done.If we receive our invested amount, atleast there will be a financial support to us to some extend.

We would be verymuch thankful to you if you take a necessary action for the refund of our maturity proceeds alongwith the interest till date from the maturity date.

Please give us the reply at my email ID. I am waiting for your early reply.
Email ID :[protected]@yahoo.in

Regards,

Bhanudas Shanker Dhuri
8, Amidhara Colony,
Near GEB, Opp.Desai Wad,
Vijalpur, Navsari (w)
Gujrat.
Ph.no.[protected].





Please send us the reply on my email ID.

Dear Sir,

Attn: The Chairman Committee GFIL (Appointed by the supreme court of India ) VPO Jharmari, Via Lairu,
Tehsil Derabasi, Dist: Patiala - 140 501.

Sub: Non Refund of Investment in Golden Forest (I) Ltd.

I Mr. Bhanudas Shanker Dhuri have done lots of investment in Golden Forest (I) Ltd. alongwith my family members. The investment was done long back and the maturity date has already expired , but yet we have not received the maturity proceed as on that date. The details of the FDR as as follows:-

A.Bhanudas Shanker Dhuri (Myself)

Receipt No./Issue Date Deposits Maturity Amount/Date

1. 97/37191 - 20/05/1997 (R.D.A/C 100 11500 - 27.02.2003
2. 99/30610 - 25/03/1999 (F.D A/c 800 8000 - 01.09.2009
3. 99/[protected]/10/1999 (F.D. A/c 500 5000 - 11.11.2009

B. Mrs.Sushma Bhanudas Dhuri (Wife)

Receipt No./Issue Date Deposits Maturity Amount/Date

1. 98/71211- 20.4.1998 (F.D A/c 500 1500 - 23.03.2004
2. 00/26394 - 12.2.2000 (F.D.A/c 500 1000 - 22.06.2003


C. Mr.Jatin Bhanudas Dhuri (Son)

Receipt No./Issue Date Deposits Maturity Amount/Date

1. 99/67982-03.12.1999 (R.D.a/C) 100 2900 - 9.10.2001

D. Mr.Manish Bhanudas Dhuri (Son)

Receipt No./Issue Date Deposits Maturity Amount/Date

1. 97/[protected].11.1997(F.D.A/c.) 500 2125 - 30.9.2004
2. 99/67981 - 03.12.1999 (R.D.A/c.) 100 2900 - 09.10.2001


E. Ms.Pratibha Sunil Joshi (Daughter)


Receipt No./Issue Date Deposits Maturity Amount/Date

1. 99/67983 - 3.12.1999(R.D.A/c) 200 5800 - 9.10.2001


F. Master Siddhesh Sunil Joshi (Daughter's Son)

Receipt No./Issue Date Deposits Maturity Amount/Date

1. 97/[protected].10.1997 500 111000 - 19.8.2022
2. [protected].10.2000 5,000/- (Investment done in Agriculture land for 5 years )


We have done so much of investment in GFIL Ltd. We have already sumbitted the Original deposit receipt of GFIL to the Chairman Commmittee (GFIL) appointed by supreme court of India dt.24.12.2004, which is already received by the committee and the acknowledgement is with us. Further we request you to look in to this matter very seriously, as it is already very late and that I have lots of responsibility of our Family members.
Please give us the early reply on my email Id :[protected]@yahoo.in, contact No: [protected], [protected].


We are waiting for your early reply

Regards,

Bhanudas Shanker Dhuri
8- Amidhara Colony,
Near G.E.B Office,
Opp. Desai Wad,
Vijalpur (w)
Navsari - 396 450.
Gujrat.

My father have Invested Rs.2000/- in Golden Forests India Ltd. My Enrolment No.130149 & Receipt No.97/30209. My father invested this amount on 30.12.1996 and this is 25 years Plan. This get matured on 30.12.2021. I heard that this company got loss and closed their business during 2000 itself. Hence i filed this complaint to get my father money back. My father got a cheque (UNION BANK OF INDIA No.0602763) from this company for Rs.4, 44000/- dt.30.12.2021 to get the amount during the maturity time.

Kindly do the needful to get my father money back.

Dear sir
Two fixed deposit of 25,000 each was done with the company golden forests
In the name of S S Sastry

Enrollment no 806246
Commenced on 20/02/1999
Rate of interest coated 17%
last communication received 7/4/1999 stating that post dated cheques cannot be issued due to some technical problem. Please help us in getting the amount back .this is the only lively hood of the old ailing retired couple

I had invested an amount of Rs.7,50,000 in the year 1996 due to my cousins request but the company shattered.after which an agent belonging to the company asked me to fill up various set of forms pertaining to refund which was in the year 2004.but I Have not received my refund yet.I am a single parent and need to look after my 2 kids as my better half passed away.

I have invested of Rs 9500 under receipt no.98/ 115428 dated 28/10/1998 maturity date 28/3/2002,Rs 500 receipt no.94/LS/8934 dated 01/03/1995 and Rs 5400 vide receipt nos. RU/98/33981 dt 25/6/1998,98/z2/530088 dt 21/9/1998, 99/Z2/686652 dt 24/12/1998, 99/Z2/178584 dt 16/4/1999, 99/Z2/285736 dt 23/6/1999, 99/Z2/459814 dt 07/10/1999, 99/Z2/562620 dt 20/5/2000, 00/Z2/184277 dt 01/6/2000 maturity on 11/6/2001, on the name o[censored]makant s/o Mr.Laxmi Narayan by Zone-2.
In addition to this Rs 12000 invested vide receipt nos. RU/98/33980 dt 25/6/1998, 99/Z2/178583 dt 16/4/1999, 99/Z2/459813 dt 07/10/1999, 00/Z2/252213 dt 22/8/2000, 00/Z2/562619 dt 20/5/2000 maturity on 11/6 2001, on the name of MS. Geeta W/O Umakant by Zone -2
Till the date , I have not received my amount. I have submitted all original receipts and post dated cheques on 08 Jan 2005 by regd AD-3283/611 in the office of the committee GFIL (appointed by supreme court of India) Village Jharmari Distt. Patiala.For this I have received acknowledgement receipt dated 31Jan 2005. So you are requested to help me to receive my Amount as soon as possible. Office address is as under.
The Chairman committee golden forest India ltd , nominated by supreme court , Main building, VPO Jharmari via ladlu ,CHANDIGARH Ambala national highway Distt. Patiala-140501

my name is mustaq ahmed my father had investin copaney on 08/09/1996.mature dyear 2016 but i want money with interst other information you give me
my e-mail:ansari.[protected]@gmail.com
mustaq ansari
s/o alihasan ansari
at-patkhauli p.o. chuhari p.s. chanpatiya
west champaran bihar
mob no:[protected]

Sir,

I have invested Rs 5000.00 in favour of my daughter, Kum. Dollyben P. Rana, for a period of 15 years under Golden Projects Limited ( A Public Limited company), Reg. office Chandigarh, EXT - NH -22, Chandigarh- Delhi highway, near Ambala, Teh.Rjupura, Distt. Patiala ( Panjab), Head office: SCO 835, Golden Complex, Manimara Chandigarh (U.T.) 160 101. Accordingly the Company had issued receipt cum allotment letter and a post dated Cheque the details are as under

1. Receipt cum Allotment Letter No. 97/2503 Dated 31/03/1997,
ST. No. MR96 – 1346/222311 Dated 31/03/1997.

2. Post Dated Cheque No. 1618817 Dated. 16/01/2012 for Rs. 160000.00
drawn on CANARA BANK, Manimajra Chandigarh DP Code No-2406.

Kindly suggest what procedure shall be adopted to get the money back from the said company.


Yours faithfully


Shri. P.M.Rana,
Bharuch – 392001.
Gujarat.
[protected]@yahoo.com

My family invested amount of Rs. 362000 in Golden Forest (india) limited in 1995. Since now we haven't received a single penny from them. Please do take the necessary actions against Golden Forests (india) Limited. We do have all the necessary documents. Our Enrolment number is: 337379
Thanks/ Regards

Gautam Sehdev
[protected]
Gautam.[protected]@gmail.com

Dear sir / madum

I've invested amount of 19,000/- on monthly basis, for every month we used to pay 1000/- for 19 months from 22-12-97 to 24-5-99. My application number is GRA11946.

My amount maturity date is 20/12/2002 under enrolment no. 92403. I've not received any amount till now.

Can some one please look into this issue as soon as possible.

Regards,
Sathyanarayana

NON RECIPT OF MATURED AMOUNT....

Dear SIR
My Mother and Father have invested rs.10,000/= each for a period of 5 years under Golden project ltd.regd.office chandigarh.ext-nh22, chanigarh-delhi highway, near ambala, teh.rajpura, dist.patiala(punjab) ..

acordingly the company had issued recpit com alotment letter and a post dated cheque of. rs.30000/= each in favour of my parents as bellow details.

1.allotment letter No. AP 97/43425 and 97/ 43495 dt28/04/1997 s.t.no AP97-4228/999982 and AP97-4151/999982 dt.26/04/1997

2.We got two cheques .no.064373 dt.22/03/2002 o[censored]nion Bank of India,Sec-35C Chandigarh.

Sir i deposited both cheques in respective A/C but these cheques got bounced and the reason was as below:
RETURNED UNPAID FOR REASONS:

1) Refer to drawer in view of Failure/ default of golden projects Ltd to comply with order dated 17th March, 1998 of Hon'ble High Court of Punjab & Haryana at Chandigarh in CWP No. 18167/97 Subject to which we can entertain the cheques of investors for encashment.

2) List not provided by Golden Projects Limited.

I am very much surprised that why Consumer Court and RBI are keeping mum on this matter since 1998. Is it like anyone can make a company with great marketing plan and wipe out common man's hard earn money so easily. Is India really largest democratic country..... Hoping for positive response.

Shyam Kumar
S/O Sri shankar Prasad
Patna.
Ph.: [protected]
[protected]@gmail.com