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I am also in a similar situation and waiting for the decision of the courts. I was told that if the court allows them to sell of the land they have bought with the money they will be able to refund the money. I also heard that since their account is frozen by the court they cannot repay the investors. I think the court should de freeze the accounts of LIS and make them repay the investors > Also a court can force them to sell their properties so that the investors money can be reimbursed to them. Also there is no feedback from the courts or LIS as to what the present position of the case is so that investors don't lose all hope
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Hello Mr.Babu, i would like to know more about this case as i am a lawyer and can help you in this. Please provide your number or send an email to nalifa [protected]@yahoo.com and we can talk bout this.
I have deposited rupee 15000/- in LIS DEEPASTHAMBHAM project on 31st August 2005. During the past 12 years i have not received my deposit so far. Kindly intimate what action should be taken to get back my money from LIS
K. Damodaran
kannur
[protected]
K. Damodaran
kannur
[protected]
Hi, recently while going through some documents of my late father, i found a receipt for deposit of Rs 40, 000 towards 32 units under the Deepasthambham Project. My father passed away in 2009 and I had no idea about this.
Is there some way I can pursue this?
Is there some way I can pursue this?
The LIS MD Mr Kuriyachan Chacko is still enjoying in fancy cars with with hard earned money for others.