Plethico Pharmaceuticals — NON receipt of matured FD amount

Address:

Bangalore, Karnataka

I have deposited Rs 2, 00, 000/- ( Rs two lakhs ) through Bajaj Capital Bangalore in the Fixed Deposit scheme of Plethico Pharmaceuticals on 19/4/2011 for a period of three years @13.5. per cent cumulative interest. Subsequently The company issued a receipt for the FD i.e. FDR No.1233. accepting the same deposit. However, When the FD was about to be matured ..on 18 April 2014 the company intimated that they have sought permission with the company law board to retain the FD for further period of two years. My repeated letters requesting them to refund the money with interest to meet my commitments had fallen in deaf years till date. I have also appealed to the Bajaj Capital local office, Bangalore on the same . But nothing has come through till date. Even though they have collected the Original FD receipt promising of getting the money released immediately they have not done so till today. At least they should have communicated to me the status of the fund and the tentative date of disbursement so that I could at least plan my repayment to my lenders. I am a senior citizen aged 64 and you will appreciate my plight and anxiety when suddenly a large sum of my hard earned saving money to the tune of Three lakhs was with held by a limited company that too on recommendation and collected through a reputed organisation like Bajaj capital. I will be glad if you could look into the matter and release the fund immediately as a special case looking into my age and for me to meet the pressing expenses. Kindly do the needful. I line in reply on this issue will be highly appreciated. Thanking you D Vasudevan Bangalore Jan 23, 2015