Lloyds Finance Limited / Non-receipt of maturity amount
To whomsoever it may concern
I am writing this email on behalf of my father Mr. Bakul Ranjan Mukherjee. He is one of the people who have been running from pillar to post to get his money back. He took his voluntary retirement from SAIL and wanted to lead an easy and smooth life. However, it took a reverse turn when he did not receive the fixed deposit amount deposited at Lloyds Finance Ltd.
Details of the fixed deposit follow:
My father deposited Rs. 175433.00 with Lloyds Finance Ltd during 1998 for 12 months. Interest rate being 15.50% vide deposit receipt Nos:
1. C/[protected]/1 for Rs 75433.00 dated 19/06/1998
2. C/[protected]/1 for Rs 50000.00 dated 15/09/1998
3. C/[protected]/1 for Rs 50000.00 dated 15/09/1998
Since then, he received Rs 7543.00+Rs 10000.00+ Rs 10000.00 during 12/2000. After that, no correspondence was received from the company regarding the repayment. My father being a retired person broke down and mailed a letter to Justice V.R. Datar, Chairman Special Committee. No reply received from their side. This thing continued and my father kept on mailing without any result.
Ultimately, I contacted NALSA, Delhi. They were very courteous and helped me. They contacted M/s Lloyds Finance Ltd through Maharashtra State Legal Services Authority.
The following letter no was sent to MSLSA.
1. Dy. No. 8380/06-NALSA/15254, Dated: 17/05/2006
2. Dy. No. 8380/06-NALSA/15797, Dated: 23/06/2006
Then, a letter from the Under Secretary, Shri V.L.Patil from MSLSA was sent to the Hon’ble Chairman, Special Committee, Lloyds Finance Ltd, Viraj Complex House, Second Floor, 47, P.D’mello Road, Mumbai-400009 vide letter no:
MSLSA/Aid/23/2006/1339 dated 17/07/2006.
We received a letter from Under Mgmt of Special Committee appointed by Hon’ble High Court at Bombay dated 20/07/2006.
“According the letter, the schemes for repayment to the depositors of other categories will be formulated by the special committee depending on the availability of funds and other relevant circumstances.
However, claim of Mr. Mukherjee will be placed before Special Committee and it will look into the matter under appropriate circumstances. As the F.D amount is more than Rs 5000.00, you may advise Mr. Mukherjee to await for further order in this behalf, from the Hon’ble High Court, Bombay.”
Still no reply or any communication has been received after this date. Sir, I wanted to know whether the law of our country does not include the pain of a retired employee getting his money back on time. Or the system is waiting for the persons who have invested to exit from this world (die waiting to get money back) and the money can be pocketed with easy. As everything goes down with time, people will forget it. My father has been waiting long to get his earned money.
After which I contacted Investors Helpline and logged in complaint on their website. The grievance ids are:
Along with this, I filed in a complaint at Ministry of Company Affairs under Investors Grievances Redressal System. The complaints no are:
Sir, I want my father to get his money back by any means. I have informed you about the steps that we have taken and the results. Nine years time is huge enough for a person to get double or triple of what he/she has invested.
This is my humble request to you for help my father get the money along with all the penalties and interest and the kind of suffering he has experienced.
ABHIJEET MUKHERJEE (On behalf of Mr Bakul Ranjan Mukherjee)