Lost Case

A cheque for an amount of Rs 25,720 (drawn on Punjab National Bank) was issued to me by Veerbhumi Plantations India Limited as the maturity value of my account. The cheque was sent for encashment through the State Bank of India, Subsequently, the cheque bounced. Having no other alternative, I served a showcause notice to the company through my legal advisor on April 19, 1999. In response, the company director requested me in writing to send the cheque back and other relevant documents in original for enabling payment through a demand draft. Accordingly, I sent him all the related documents along with the cheque. Five years have gone by and I have not received any response till date. Please suggest a remedy out of this frustrating situation.

Momin Norrey,
Itanagar, Arunachal Pradesh

No response from company

Under the Consumer Protection Act, 1986, the time limit for filing a complaint is two years from the date of the incident complained of as per Section 24A of the same. Therefore, the matter complained of being more than five years old, you have no remedy before the Consumer Fora.

 

Write it right

From the judgment (delivered on July 14, 2003) by the Punjab and Haryana High Court, it is evident that Golden Forests (India) Ltd, Golden Complex 834, S.C. Manimanjra, Chandigarh, has undergone liquidation. It is further learnt that a retired chief justice of the said court. I had invested a little above Rs 30,000 in this company and the maturity date was March 13, 2001. How can I get back my investment now?

S.K. Mishra,
Bokaro Steel City,Jharkhand

No response from company

As Golden Forests India Limited in under liquidation as per the order of the High Court of Punjab and Haryana, you will have to lay your official claim before the official liquidator appointed in this case. To ascertain the name and address of the liquidator, I would advise you to write to the registrar, Punjab and Haryana High Court.

 

Unfair deal

I purchased 100 units of the Unit Scheme 1964 against rights offer in 1994 from the Unit Trust of India, Durgapur, in the joint names of Syamalendu Bhattacharya and Sanjoy Kumar Bhattacharjee. I received a statement from the UTI on November 15, 2002. It stated the summary of units held in the scheme as on November 15, 2002, was shown as 215.269 units (after division). As I had not received any payment for repurchase of 100 units of US-64 against rights offer 1994 and 115.269 units against R.I.P, I logged on to www.utiisl.co.in and lodged a complaint (number 916/21072003). Till date, however, I have not received either the repurchase proceeds for the units in question or any communication from UTI or UTI Investor Services Limited. I am now 76 years old and left with little energy to pursue these matters. Please help me out.

Syamalendu Bhattacharya,
Vivekananda Pally, Asansol

No response from company

Prior to filing a complaint before the Consumer For a against UTI for deficiency of service, you must try to ascertain the real cause for which you are not getting the repurchase proceeds. To find out the same, you have to get in touch with the following immediately:

Relationship manager,
UTI Asset Management Company Pvt Ltd,
UTI Financial Centre,
29, Netaji Subhas Road,
Calcutta 700001

It is important to find out why the proceeds have not been delivered within the scheduled period. You can then frame your charges accordingly.

 

In deep sea

On July 28, 1996, I had deposited Rs 21,000 and Rs 16,000 with Dunlop India Limited, 56B Mirza Ghalib Street, Calcutta 700016. The date of maturity for the above deposits was July 27, 1997. On February 20, 1998, I made another deposit of Rs 5,000. Several reminders and personal visits to the office have not yielded any results. I have not been able to recover even the principal sums. What can I do now?

Kartick Kumar Bose,
40/2A, Manindra Goswami Lane,
Calcutta 700006

Company closed down

The matter complained of relates to non-payment of maturity by Dunlop India Limited. As per Section 24A of the Consumer Protection Act, 1986, the limitation period is just two years from the date of the cause of action. In the present case, if you can prove that you were prevented from preferring the claim for sufficient reason, then the Consumer Fora may condone your latches. There is, however, one more hurdle — Dunlop India is under liquidation.

 

No rhyme, no reason

On August 13, 2003, I deposited with UTI Investor Services Limited, certificates of 3,600 master shares (1986) held under folio number MF-6111869, for payment of redemption proceeds. However, I am yet to receive any proceeds from the UTI. I learnt from the company’s local office on Brabourne Road, Calcutta, that my certificates have been given a ‘stop’ marking. I wrote several letters to the UTI, including a few addressed to its head office in Mumbai, requesting the authorities to tell me the reason of non-payment. I am still in the dark. What can I do now?

Samirendra Nath Dey,
Ballygunge Place East, Calcutta 700019

No response from company

It appears that in spite of your best efforts you have failed to obtain the details of your master share from UTI. At this point, it would be wise to approach the UTI Asset Management Company Pvt. Ltd, N.S. Road, Calcutta 700001, to find out why the certificates have been stamped ‘stop’. If it transpires that the UTI is at fault, you can file a case against the same.