Jaiprakash Associates / Jaypee Group — No receipt of fdr no

Address:560066

I have invested through bajaj capital for the jaiprakash infra fd a sum of 2, 00, 00. I have been guaranteed 12.5% return and my fd has matured on march 9th - 2016. I am yet to receive the principal + interest till date. All calls to jaypee and bajaj capital have gone in vain. Bajaj capital the investor company has made it clear to reach out to jaypee directly. Even though i have invested thru bajaj capital, they owe no responsibility in getting the money returned. And with jaypee whenever you call, you always get a new date. This has been happening for more then 1 year now.
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Jaiprakash Associates / Jaypee Group customer support has been notified about the posted complaint.
Jun 16, 2017
Nemichand Ahirwal's response
Complaint comments 

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सर मैंने 01.02.2013 को रू 5, 00000 36 माह के लिए FD पर जमा किये हैं जिसका interest इसकी Maturity date 31.01.2016 थी किन्तु मुझे अभी तक Maturity AMOUNT नहीं दिया गया है ।कृपया इस पर कारवाई करे । Thanks
Dear Sir

With reference to your query regarding your FD investment, we understand the concerns of your good self and deeply regret for the inconvenience caused. Bajaj Capital is taking the best possible efforts on your behalf. We assure your strong follow up from our side.

There was an important Newspaper Article (Times of India dtd 18th April 2017 – Page No: 19) regarding the Fixed Deposit payments of the company, in which the company is assuring FD payments shortly.

We also wish to inform you that the Company has approached Hon’ble NCLT for extension of time for repayment of outstanding deposits.
The subject matter was also listed before NCLT, Allahabad on 30 May for consideration on the issue of extension in making repayment to the deposit holders. The matter has been adjourned to 30/06/17 and the time has been extended till then to JP Associates to make the payments. Since courts are closed due to summer vacation, there is no staff at NCLT, Allahabad .
Also, for more details and information, you may refer below link :

http://economictimes.indiatimes.com/markets/stocks/news/jp-associates-surges-12-on-buzz-of-deal-completion-with-ult...

For further queries you may also contact us at [protected]@bajajcapital.com.

Team,
FD Client Care
Bajaj Capital

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    Jaiprakash Associates / Jaypee Group Phone
    +91 12 0247 0800
    +91 12 0460 9000
    Jaiprakash Associates / Jaypee Group Address
    Sector-128, Noida, Uttar Pradesh, India - 201304
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