Jaiprakash Associates / Jaypee Group Complaints & Reviews

My F.D. detail given as under
1- F.D.Receipt No. 00428573 Investor code 1257543 Rs. 100000/- for 3 years
Matured on dt.[protected]
2-F.D.Receipt No. 00428575 Investor code 1257543 Rs. 200000/- for 3 years
Matured on dt.[protected]

I am a senior citizen and retired person. I need money for my treatment . So
pl. do urgently .

Dilip Sarkar, Rajkot

Non-receipt of maturity amount - i have fd of rs.20000/- vide fdr no.00555928 dated 24/11/2012 due on 24/11/2015. Original fdr have been deposited personally by me at fd department, noida on 05 oct 2015. Order of company law board/national company law tribunal (Clb/nclt) dated 17.06.2016 to grant extension of time to repay the amount to the depositors on or before 31.03.2017 but till dated payment is not received.

Subash chander tuli
1042 patel gali, gandhi nagar
Delhii - 110031
Mob: [protected]

My Fd no. 00390926 due for maturity on 10.01.2016 is yet to receive. I required the maturity amount very urgently required for my education purpose. Although, several follow up already made with the company but
company authority is completely silent about the same and my education will be jioparadise for the same. Please help.

Miss Shreya Dhar
Email: [protected]@yahoo.co.in

My fixed deposit is matured and you are not informing the procedure to withdraw the matured amount. I have invested Rs. 1, 50, 000?/- the date of maturity is 03.03.2017. Please reply at the earliest. Thanking you and look forward for your active involvement for long business association.

Dear sir/madam

I the undersigned ms. Sangita prabhakar soman has invested in your esteemed organisation in fixed deposit scheme..

My both the fds are matured but your company has neither paid the maturity amount nor the interest thereafter.

I request you to clear all my dues asap.

Here are the details of fds.

1. Amount invested & pending to be paid - rs.2, 50, 000
Date of maturity - 5/12/2015
Rate of interest - 11.75%
Pending interest - from 6/12/2015

2. Amount invested & pending to be paid - rs.2, 50, 000
Date of maturity - 30/04/2016
Rate of interest - 12.50%
Pending interest - from 1/05/2016

Please do the needful.

Sangita p. Soman

We have fix deposit with Jaiprakash Associates dated 07/Nov/12 for 36 months for the amount of Rs 30, 000 which was due on 06/Nov/15.

After emailing and filing so many complaints we have still not received our money nor we have received any proper reply...

Please if anyone can take actions against it and get the investors like us money released it would be great help..

Jaiprakash Associates Ltd. has not paid the the following Fixed deposits
1) FD nO. 00338983 Matured on[protected]
2) FD No. 00577515 matured on[protected]

The total amount is about 1.5lakhs. This is my hard earned money i am a widow and do not have any much income. It is now 2 years since the amount has matured. I have done these FD through Bajaj Capital, Mangalore office and every time when I enquire about my money with Bajaj capital they say they will pay at the end of the financial year. And like this 2 years have passed. Also I called the customer care of Jaiprakash associates but at times nobody answer the call or they are rude to us.

I invested my hard earned money in this company to get some good returns but till date they are sitting with our money and not bothered to reply or give our money back.

I have Jaiprakash Associates FDR no 591375 (Investor code 1144100), date of maturity 15th Oct 2016. The maturity amount is Rs 147, 372.00 Unfortunately the company is not paying the maturity amount even after 5 month is over.
No response from company wia e-mail nad no one is picking the phone. Sometimes some one picks the phone but the response is very rude.

Please help in getting my hard earned money.

Regards
Hari Srivastava

Dear Sir,
I had invested in jaiprakash associates FD RECEIPT NO. 376738 amounting Rs. 100000. WITH DUE DATE[protected] nad J.P. Infratech Ltd. F.D. No. 69932 amounting Rs. 60000/- with due date[protected] had submit for payment
for refund maturity amount, no payment has been recieved. please do the needful. I am been in urgent requirement of money.
Regards,
RAJESH SAXENA
[protected]
[protected]@gmail.com
32, Vinay Nagar, Sector
Gwalior (MP)

Hi Team

I had invested 20000 Rs in 2011 for 3 years and this amount has not been given to me yet. My FDR number is 00309148. The money got matured on Dec 2014.
Today I called the JP phone +[protected] and they told me company has no funds and it can take upto June to process the funds. I am need of this money.
Please help asap

Regards,
Anubhav

My deposit of Rs.30000/- maturing on[protected] in the name of Indiraben R.Shah, FDR No. is 00554111, the maturity amount is not received so far. I am 70 years old and badly needed the amount as I am not feeling well, kindly do make payment as early as possible as it is urgently needed.
Amount of Deposit :30, 000/-
Name : Indiraben R.Shah
FDR No. 00554111
Date of deposit :[protected]
Date of maturity :[protected]
Due Date :[protected]
Kindy make the payment as it is urgently needed.
Thanking you,
Indiraben R.Shah

I have put fixed deposit of Rs. 100, 000/- vide FDR No.00343770 and Rs.100, 000/- vide FDR No. 00353855 which matured in May/ 2015. Inspite of reminders to pay the principal, there is no response and nobody receives the call. Please help in getting the payment .
Sudhir Handique
1/1, G-4, Creek View Society, Sector -22,
Koperkhairane, Navi Mumbai - 400709
M- [protected]

[protected]

Will government act before Jaypee Group becomes the next Sahara or Kingfisher?

Can Narendra Modi's pro business government save the ordinary retail company fixed deposit investors who have put their life savings into Jai Prakash Associates company fixed deposits

Jai Prakash Associates Limited, Jaypee Group raised thousands of crores of deposits from ordinary retail investors in the form of guaranteed company fixed deposits till 2014. The company has failed to pay back the maturity sum of money to the investors whose fixed deposits have already matured.
It has been 2 years that the fixed deposit investors are waiting for the company's response and payment of the maturity amount of their respective fixed deposit investments.
Many investors have already written to the Prime Minister's Office, Ministry of Corporate Affairs, Company Law Board, Reserve Bank of India and other government agencies. However no action has been taken against Jai Prakash Associates Limited, Jaypee Group so far and with each passing day the hope for economic justice is becoming thinner and a distant dream.
Your sincere support by signing up this online petition will ensure and enforce the Indian central government agencies to take a strict action against the likes of Jai Prakash Associates Limited, Jaypee Group in view of the ordinary small investors' rights protection. This is surely give immense fillip in solving the ongoing issue of delayed economic justice to the likes of those who invested in the company fixed deposit of Jai Prakash Associates Limited, Jaypee Group. Without your valuable support it will not be possible to enforce the Indian central government, administration and judiciary to take cognizance of the financial stress which the ordinary company fixed deposit investors are going through. Government of India should not only solve the current ongoing crisis in this space but also come up with improved legal framework for faster economic justice for small investors.

Jai Prakash Associates, Jaypee Group must pay the long pending legitimate dues of the ordinary retail investors who have put their life savings into Jai Prakash Associates company fixed deposit.

https://www.change.org/p/can-narendra-modi-s-pro-business-government-save-the-or...⇄

I am Suhasini D Talekar, Retired Govt servant, aged 78, Female, kept fixed deposited Rs. 100000/- in M/s Jaiprakash associate on 07.05.2012 for 36 months against certificate No. 00344107. This FD is due on 07.05.2015 but even after repeated communication / calls to their registered office we have not recd our maturity amount till date.

I have communicating with Mr. Mahesh Bhandari ([protected]/ [protected]) as well as with Mr. Harish Vaidya ([protected]) many times, also my son has called them in number of times but they have not responded.

I am retired and my all expenses are be carried from my retirement saving, Since 1.0L is huge amount to me I am not able to spend on my daily expenses, medicines etc.

Requested to please intervene & help me to get the deposit amount with interest as on date.

Our FDR#339000 with the Jaiprakash Associates matured on April 9th 2015. (my wife's name Bindushree.S) Its been a 2 year almost. And interest sized on 08.04.2015. I already submitted my Original FDR Bond to the company one month before the maturity Date.
I still didnt get my Principal Amount of Rs.500000/- (5 Lakh) and no interests credited to linked bank Account.

I have to bear my father's surgery cost and my sons fees this year. I had some plan so put our hard earn money in your company. Whats going on there. just keep public money and just extending the date.
We had a very big trust in the company and so invested. We never expected this from the reputated company like JaiPrakash Associates.

I am attaching the soft copy too for your reference.

I am raising complaint in faith of getting my money along with the interest till now. we need our hard money back.

Thanking you

Bindushree w/o
Srinivas KN

My fixed deposit amount of rs 50, 000/- has not been paid since 31 st dec 2015 ...on repaeated reminders i was told told that as per the Company Law Bench UP all fixed deposit amount holders would be paid their f/d amounts on or before 31 st march 2017..i was sent a email by the Company itself on 7 th december 2016 with a copy of the said order..
However till date nothing has been done ..
PLEASE look into the matter..

No refund of money after maturity from Jaiprakash Associtaes
I and my wife had invested a principal sum of INR 70, 000 in a fixed deposit scheme issued by Jaiprakash Associates Limited. Details of the same have been mentioned as below.

1) Parimal M Patel FDR No.[protected]
FDR Date - 24/11/2012 - cumulative scheme for 36 months
Matured on 24/11/2015

2) Mital P Patel FDR No.[protected]
FDR Date - 24/11/2012 - cumulative scheme for 36 months
Matured on 24/11/2015

I have submitted duly signed FDR on maturity for discharge but till date Principal amount not refunded by Japee Associate.
It's been over a year and a half since i have been following up on the payment, however i have only been provided assurances from the company representatives without any guaranteed date on the payment.

Request an update on the issue mentioned..

Regards,
Parimal Patel
Mital Patel

I purchased two fixed deposit as detailed in attached file. The same was produced /deposited in their office on 28.07.2015 for repayment. We did not receive the repayment so far. As per fixed deposit terms and conditions, accruing of interest @12.5% ceases on 31.07.2015 and amount was due for repayment on 01.08.2015. Since they failed to repay me on 01.08.2015 due to their own financial constraints not attributable to me in any manner, I'm entitled to get interest on my maturity amount for the period exceeding beyond 01.08.2015.
It is therefore requested that they kindly repay me Rs 81, 322/ -(Maturity Amount) along with Interest @12.5% on amount 81, 322/- for the period beyond 01.08.2015.
From 01.08.2015 till date numerous reminders through e-mail and phone calls made for repayment. Every time we called their office via phone for repayment date we were told some future dates that never realised. they never committed any thing in writing, neither about date of repayment nor about rate of interest on maturity amount. Due to this long delay and repeated failures of their own commitment, we started losing confidence in you.

Ihave booked a flat in jaypee kosmos tower 58 flat 801 in mar 2011 and paid in full rs 36 lakhs excluding the final amount of 4lakhs on h/o and it was to be ready by mar 2014. It is not yet ready and the compensation is also not given. The loss as per agreement is of meagre 3% pa and i have to pay rent and visit jaypee office on own accord for even an enquiry. Interim compensation be given by the builder and a compenstion for delay at 12% as per rera be imposed apart from assurance in writing of the final date of h/o by the builder be given.

REF :- FDR NO.410194 IC CODE : 1247180

To
FDR Section
Jaiprakash Associates Ltd
Sector 128, Noida 201304

Dear Sir/ Madam,

Above referred FDR WAS MATURED ON[protected] AND TILL DATE WE HAVE NOT RECEIVED PRINCIPAL AND INTEREST .
We have not received any communication from Jaiprakash Associates Ltd.
Can you please help us at your earliest.

Best Regards,

Mrs Minakshi G Kulkarni