Golden Forests India Ltd — not received maturity amount till now.

Address:

Chandigarh, Punjab, 700065

I invested all my hard earned money long time ago (29th feb'2000). Though the policy was matured around 15 years back (29th aug'2003) but gfil yet not paid me a single penny. Gfil is saying 'total liability of golden forests india limited is less than rs.1200 crores while the assets of the company are worth more than rs.5, 000 crores.' i have also sent my original certificate to gfil through registered post as they were saying that they will repay our outstanding, but the acknowledgement yet to receive. So gfil has all rights to deny that they yet not received the documents from me and i have no proof to prove this. I have only the photocopy of the certificate.

Gfil should repay all the outstanding asap with the same interest at the time of investment. Because time is money and there are so many investment plan from non govt. Organization who are still paying a high interest (At least 12% for mis, so for fixed deposit it should be more than 12%). Moreover enough time passed after the time of maturity (Yet not got any money) this amount can be reinvested twice to redouble the money. Means at present state we should get at least 4 (Four) times of the maturity amount.

The funny matter is that intentionally no one is taking the responsibility to refund our hard earned money.
Company is saying 'now everything is in committee’s hands’.
Chief spokesman & authorized representative of gfil nikhil kant syal's is saying from an endless long period that "return of money would start within 6 months", god knows when the counting of 6 months will start.

At least india government should take some urgent necessary steps thinking about the monitory loss of the investors. Government should seize gfil property and repay our amount with proper compensation.

Please let me know if you need any additional information. Any help in this matter would be highly appreciated.

Thanks & best regards
Sujit kumbhakar
+91 [protected]