Heads-Up ! Company FD Investors

wealthymattersMoneylife Foundation is looking at the feasibility of filing a class action for non-payment of fixed deposits. A dispute before the National Consumer Disputes Redressal Commission (NCDRC) requires the dispute value to be above Rs one crore. For starters, we are collecting data for SIX companies—Helios & Matheson, Elder Pharmaceuticals, Jaiprakash Associates, Unitech, Plethico Pharmaceuticals and Bilcare.

If your issue remains unresolved, please submit the details of your deposit through this survey form— Link

The Ministry of Corporate Affairs responded to Moneylife Foundation’s earlier survey and memorandum of 1,500 plus complaints by asking the SFIO to examine non-payment of FDs by Helios & Matheson. In case of Jaiprakash Associates, Unitech and Plethico, the MCA has asked ROC to examine findings from the Moneylife Foundation

Recover Your Money

wealthymattersIf you have invested money in Nirmal Singh Bhangoo’s (Banghoo’s)

Pearls Agrotech Corporation Ltd or PACL
Pearls Golden Forests Ltd (PGF)
Lotus (Agricultural and Marketing Co-operative Society Ltd)
Mesmeric (Private Limited)

and would like to collectively pursue the case in Australia, to try and recover your money, please comment your contact details below.


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