Link Intime — Larsen & Toubro Infotech [L&t] Drafts/Procedure for Redemption Of Bonds 2011A Series

I am holding 20 L & T Infrastructure Bonds 2011 A Series due for redemption on 23.03.2021 _ Ref No : RE373261.
You was contacted at bonds.[protected]@linkintime.co.in for guidance & formats to forward PHYSICAL BOND to you.
Since Jan, 2021, I am following up with you but of no avail. Your reply is vague & as follows:
"Dear Investor,

This is an acknowledgement in response to your e-mail. Your request ID for reference is RE373261.

Due to COVID-19 epidemic and as per the state government’s directive, we are working with minimal resource and hence our response to your email query will be delayed. We will be back in full strength once the epidemic is contained.

If your query is regarding standard procedures / formats, you are requested to visit our website: https://linkintime.co.in/client-downloads.

We thank you for your understanding and co-operation.
Thanking You

Team Link Intime

( This is an automated response sent to all emails received at our end, do not respond to this acknowledgement )"

GRIEVANCE: Your website is not having any instruction/guidance/ Format for submitting BONDS in original, its endorsement for redemption & receiving proceeds of the redemption money of the above bonds. Therefore, you were requested to send an Account Payee physical cheque at my recorded address. Every time email is bounced back with a follow up by above mail.

It is requested that the you should take up the grievance at appropriate level for its resolution.

POSSIBLE RESOLUTION: MAIL ME PROCEDURE & FORWARDING TO BE SUBMITTED TO YOU FOR REDEMPTION OF BONDS.

Deepak Dang

[protected]@gmail, com

B-29 Ganga Nagar, Meerut

Mobile: [protected]
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Link Intime customer support has been notified about the posted complaint.
Verified Support
Mar 20, 2021
Link Intime Customer Care's response
Dear Sir/Madam,

Greetings of the day!


This is with reference to your below mentioned email, please note that:

We have forwarded your query to the concerned team & they will take the appropriate action. Further any query, you may send it to bonds.[protected]@linkintime.co.in

We look forward to being of service to you again.


Regards,


TEAM LINK INTIME

Office Address:

Link Intime India Pvt. Ltd
247 Park, C-101 L.B.S. Marg
Vikhroli (West),
Mumbai 400083.

Website Address: www.linkintime.co.in

Email Address: rnt.[protected]@linkintime.co.in
Phone: +[protected]
Mar 25, 2021
Updated by Deepakdang
I have submitted my original Bond duly surrendered for redemption vide speed post number EU[protected]IN and EU[protected]IN in two envelopes one containing originals and another containg duplicate copy thereof both were delivered by India Post on 23rd March 2021 to you As such the grievance Relating to BONDS is still pending My request was to guide me to submit necessary papers which was not provided by you Ultimately it was enquired from STOCK HOLDING CORPORATION so it is a complaint against SHORTFALL IN SERVICES it will be treated as resolved when the payment is remitted in time DEEPAK DANG
Mar 27, 2021
Updated by Deepakdang
No reply to my email dated 25th March 2021 is received The Customer Service Support Team has not informed the action taken by them the action taken by them to resolve the delay caused to me and upgrading their working environment to avoid future complaints about DELAY IN CUSTOMER SERVICE
Next grievance is redemption of Bonds referred above PLEASE INFORM IF THE REDEMPTION PROCEEDS ARE REMITTED IF SO DETAIL
BOTH GRIEVANCES ARE VERY SIMPLE AND CAN BE RESOLVED BY POP UP MAILS GIVING AN EXPECTED DEADLINE FOR COMPLIANCE
Mar 31, 2021
Updated by Deepakdang
Today I received a cheuqe with two gross errors THESE are negligence on the part of LINKIN TEAM It will further delay my payment for few months ERRORS ARE AS FOLLOWS
1 Name of payee in cheque is Deepak Kumar Dang instead of Deepak Dang for which a request was submitted and received by them on 23rd March 2021 ALL FORMALITIES WERE COMPLETED AS REFERRED EARLIER
2 MY ACCOUNT NO mentioned [protected] while payment was requested in account no [protected]
ALL DOCUMENTS SUBMITTED TO THEM BESIDES NUMBER OF EMAILS SINCE JANUARY 2021
THE PAYMENT WILL BE DELAYED AND TRACING THE AMOUNT LYING WITH THEM IS ALWAYS A TOUGH JOB THE REDRESS THE GRIEVANCE
Mar 31, 2021
Updated by Deepakdang
CHEQUE RECEIVED BUT PAYMENT CANT NOT BE RECEIVED AS THERE ARE GROSS ERRORS DUE TO NEGLIGENCE ON THE PART OF LINKIN HENCE IT IS STILL NOT RESOLVED
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