Plethico Pharmaceuticals — Non Receipt of fixed deposits

Address:

Bangalore, Karnataka

From 27th Feb 2015 Sampath.N, 23, I st A Cross, Hanumagiri, Subramanyapura Post, Bangalore-56061. Ph:[protected] To Indian Consumer complaints forum Dear sir, Sub: Non–receipt of company fixed deposits maturity amounts from Plethico pharmaceuticals ltd Ref: Company Fixed deposits made in Plethico Pharmaceuticals Ltd in the family names- 1.FDR no: 13484 in the name of N.Sampath & S.Indra Dated 28/10/2011 which got matured on 27/10/2014 for Rs.4, 89, 000 ; 2.FDR no:13195 in the name of S.Indra (Aged 74 years)& N.Sampath (83 years)Dated 20/10/2011 which got matured on 19/10/2014 for Rs.500000 3 . FDR no:18461 in the name of S.Sampath Dated 03/05/2012 which got matured on 27/10/2014 for Rs.1000000 4. FDR no:9127 in the name of C V V Rajan which got matured on 18/07/2013 for Rs.300000 5. FDR no:16977 in the name of Geetha which got matured on 21/03/2015 for Rs.150000 I N.Sampath, the head of the family wish to bring to your notice the non receipt of the maturity payments from a company called “Plethico Pharmaceuticals ltd” in the name of five of our family members including myself who is of 83 years of age. We had invested our hard earned monies in a company in this Plethico Pharmaceuticals.We obviously depend on the interest income from the fixed deposits for our medical and other expenses.It puts us in to deep agony and frustration as we didn’t hear anything from this so called company on both interest payments and principal payments. We have submitted for getting the maturity payments of our fixed deposits couple of months prior to maturity. Being a very senior citizen, we invest our hard earned money, after due study of the financials of the company to get better returns than the banks. Despite our analysis, if the company fails to keep up the promises, we strongly feel that consumer forum needs to take up the issue to the concerned and act as saviours to us.Also we should take strict action against such companies.We cannot delay our medical expenses as there is delay in payments by the company. Kindly understand our agonies and ensure that we get back our invested funds along with the due interest asap. We heard that the company went to the plea of Company law board and were not granted extension and as such the deadline given by the CLB got over by end of May 2014 itself.As the deadline dates were already over and further there is no info on the proceedings, we sincerely request you to take up the issue and save us by getting us our hard earned invested amounts. Hope that the necessary action would be taken at the earliest. Thanking You, Yours truly, N.Sampath (M) [protected]