Unitech Group — non receipt of maturity amount of fixed deposit | |
I have deposited rs 300, 000 with unitech having fdr no 1242323, folio no being 023193 dated[protected]. The maturity date[protected]. I have submitted the original receipt duly discharged through my financial adviser ms bajaj capital. Followup with them and bajaj has not resulted in any response. Then i googled unitech fd and i got a shock. There were complaints for non refund since 2010. All contacts are non responsive. It's as i[censored]nitech has vanished in thin air. Their website says they are a reputed company. As a retired person my savings and investments are my source of income. I request this forum to take up with company to expeditiously resolve this matter. I also find these type of complaints since 2010 and i was advised to invest in such company by bajaj in 2013. So these people are also culpable in such cheating games. Was this information helpful? | |
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Unitech Group customer support has been notified about the posted complaint. | |
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+91 11 4166 4040 [Reg Office]
+91 12 4412 5200 [Corp Office]
+91 11 2685 7331 [Reg Office]
Unitech House L Block, South City - 1, Gurgaon, Haryana, India - 122001
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This is with reference to your query regarding your FD investment in Unitech, we totally understand the concerns you are facing in this regard and we will surely help you in all best possible ways. We wish to inform you that earlier, the company was having strong financial and there was not negativity in the market.
Further, we wish to inform you that Unitech has raised money from the general public by way of issuing fixed deposit under the provisions of the Companies Act, 1956 and M/s Bajaj Capital Limited has rendered its service within the scope and ambit of the Companies Act, 1956 and the Companies Acceptance of Deposit Rules, 1975.
It is true to mention as Unitech failed to repay the dues of the Investors on time (stopped repayment from 2014 onwards), Unitech approached National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT), New Delhi for extension of time in repayment to the deposit holders. The issue of extension was duly considered by both the Tribunals and no extension was granted thereby directing Unitech to clear the dues. It is further submitted that the Criminal Proceedings for default in making the repayment as defined in Companies act are going on before the Hon'ble Sessions Court, Dwarka.
M/s Bajaj Capital Limited has acted under the parameters of Companies Act and Companies Acceptance of Deposit Rules and not beyond the scope of law defined for accepting the deposits.
We are strictly following up the matter in this regard.
For more details, you may write to us at [protected]@bajajcapital.com so that we can assist you further.
Assuring you of our best services always.