[Resolved]  Sterling Tree Magnum (India) Ltd — Purchase of a teak tree

I had purchased a teak tree worth rs.1275, on 30/6/93 and its maturity date is 29/6/13 with assured mid term payments. However nither has ant mid term payment been made nor has there been any communication from the company.

I expect a note from the company giving details of the current status along with the interim payments promised at the end of the 6th and 12th year.

Rajiv Chopra
+91 [protected]
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Aug 14, 2020
Complaint marked as Resolved 
Aug 06, 2014
Elumalai.k 's response
 
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I had purchased a teak one worth Rs.14, 75.00 on 04/01/1995 and its maturity date is 03/1/2015 with assured mid term payments. However nither has ant mid term payment been made nor has there been any communication from the company.
Owner Name Mr. Ram Lal Gothwal
Jaipur (Raj)

Please Tell me
How Can I Get My Money Back ?

My Contact number is 91 [protected]
My entire family have invested our hard earned money in Sterling tree Magnum. Now, no one responds to our mails and letters. Is there no way we can all come together and get our money due. Obviously our money has been diverted to their other projects.

Regards

Avinash Seymour
[protected]
[protected]@gmail.com
I had purchased 2 trees in 1994, teakquity vied certificate No J 15669 ( application no P 071800), J 11663 (application no A 133446).
Date of joining 28/02/1997, Date of Maturity 27/02/17
We waited all these years, understood your hardship and co-operated with the STM.
For the last several years, I am trying to correspond but failed as there is no trace of this firm.

I have not received a single pie since then although by this time I should have received two interim dividend full amount on maturity.

Please respond and inform us the status.
Regards
R. Subramanya Sarma
M;[protected]
I purchased one teak tree in the year 1996 by paying Rs.1700/- The policy was for a period of 20 years. So far no information no respond by telephone from their end. Since I am retired person this amount is grately useful in my old age. One has to take step to forward the Sterling Magnum company.

My new address is N. Subrahmanyam, A-702, Shree Prastha, ovala, Kasarvadavilli P.O. Ghod Bunder road, Thane 400615
As I had purchased teak tree worth Rs.1775 in sterling magnum india ltd.,
in 1996. and they have promised to repay the amount
on 18.6.2016 after 20 years, As per the promise, they have not given
any amount till date. However it was not fulfilled by the company.

I think they are cheating.

Hence i request you to look into the matter and
include my name in the defaulter payment list
and arrange to send me the hardearned money
immediately from the company

R.Rajan
Chetpet, Chennai.31
I have invested an amount Rs.1775/ in 1996 and the maturity year 2016, still no payment received from the company please arrange as early as possible. if anybody like me this please help me to get the amount from the company
m.k.prakash i am purchase 5 teak under scheme ERT vide application no.A-117726 dt.29.11.1996 one time full payment i am purchase my doughter name RAKSHITA M. P. After this i am correspondence with your comapany on 10/06/2003 as per your promise my payment is due comeing year but i want the payment this year only . please send my payment below mentioned address
RAKSHITA M.P. D/O M.K.PRAKASH NO.263, 12TH MAIN ROAD, KALAPPA BLOCK, SRINAGAR
BANGALORE-560 050 KARNATAKA INDIA
I Invest sterling maganam ltd Rupees 1825 only I purchased one teak tree 29/01/1997 but not return my money plese give reply . 1st interim due 28/01/2003 and second interim due 28/01/2009 date of maturity 28/01/2017
Certificate no J 8591
Application no A139727
Suresh Kumar
Village jonawas
Post office Dungerws
Haryana 123404
E mail [protected]@gmail.com please given your aderss and contect nomber
Hello STM Investors,

I have got your E-mail address from Consumer Forum website and have come to know that you invested in Sterling Tree Magnum and are expecting the maturity amount to be paid back to you.

I am also an investor just like you and founded an 'Association of STM Investors' to collect all investors on a single page. You can join us via our WhatsApp group, Facebook page and Twitter handle whose links are mentioned below. Kindly call/ SMS/ WhatsApp me over my number ([protected]) in case of issue.

We are also collecting data from investors which can be used to fight against the company. Kindly find attached the Excel sheet. Please fill in your details and send the same to me. I will update your data in our records. The same sheet is also available on Google drive (link mentioned below) for download.

Our Links:

WhatsApp group: https://chat.whatsapp.com/Du7pktLfeXaI8TrV5er45R

Facebook Page: https://www.facebook.com/SterlingTreeMagnum/

Twitter handle: https://twitter.com/SterlingTreeMag

Google Drive: https://drive.google.com/file/d/1wyWmthBRUSfJKeC23sisq0V47g-KVjrA/view

We will fight together to get our money back.

Thanks & Regards,

Mitul Kansal,

On behalf of - Association of Sterling Tree Magnum(STM) Investors

E-mail: [protected]@gmail.com

Mobile: +91-[protected]
Hello STM Investors,

I have got your E-mail address from Consumer Forum website and have come to know that you invested in Sterling Tree Magnum and are expecting the maturity amount to be paid back to you.

I am also an investor just like you and founded an 'Association of STM Investors' to collect all investors on a single page. You can join us via our WhatsApp group, Facebook page and Twitter handle whose links are mentioned below. Kindly call/ SMS/ WhatsApp me over my number (+91- 9.6.8.6.1.3.2.1.7.5.) in case of issue.

We are also collecting data from investors which can be used to fight against the company. Kindly find attached the Excel sheet. Please fill in your details and send the same to me. I will update your data in our records. The same sheet is also available on Google drive (link mentioned below) for download.

Our Links:

WhatsApp group: https://chat.whatsapp.com/Du7pktLfeXaI8TrV5er45R

Facebook Page: https://www.facebook.com/SterlingTreeMagnum/

Twitter handle: https://twitter.com/SterlingTreeMag

Google Drive: https://drive.google.com/file/d/1wyWmthBRUSfJKeC23sisq0V47g-KVjrA/view

We will fight together to get our money back.

Thanks & Regards,

Mitul Kansal,

On behalf of Association of Sterling Tree Magnum(STM) Investors

E-mail: [protected]@gmail.com

Mobile: +91- 9.6.8.6.1.3.2.1.7.5.
Dear Investors,
I have also invested in STM - CHILD MILLIONAIRE TEAKQUITY Certificate No. B7153,
I have invested Rs, 22, 125/- for 15 nos of teak Tree on 30/04/1995.
The Maturity Date was 29/04/2015.
Will the association update me on the latest status. Is there any hope of getting back the invested amount.
Along with this certificate the company had also registered agriculture land in Sy.No. 25/1 of Dodi Meenakshipuram Village, Dodinaickanur Taluk.

As advised by have joined your whats app group.

Regards
VINOD RAI
Email :[protected]@gmail.com
Mobile: [protected]
I had purchased three trees in 2013. Has the company paid anything to the tree purchasers. If so whom should we contact.
I am also one of the investors. Please do the justice.

R Vikhram
[protected]
[protected]@hotmail.com
I have purchased 1 teak on[protected] Maturity date[protected], maturity value approx 62000/- but till date the maturity amount not refunded,
CERTIFICATE NO. C8569 DTD[protected]

SURESH KUMAR AGARWAL
CD-189, SALT LAKE, KOLKATA-700064

CURRENT ADDRESS;
SURESH KUMAR AGARWAL
105/1, BIDHANAGAR ROAD
SUNCITY HOUSING COMPLEX
BLOCK-C
FLAT NO. 801
KOLKATA- 700067
M: [protected] / [protected]
E: [protected]@live.com / [protected]@gmail.com
I have purchased two teak trees against certificate number D4150 and application number G135753. My maturity date was 17.1.2015 till five have passed no financial benefits have been received so far.several correspondence was made to your director and justice chairman. No action yet taken, let me know the present status of the case.
Thanks
Jagannath Banerjee
Fraud people, government is responsible so is Madras high court, all are in 1 boat, looting innocent people
I invested in 45 trees @ Rs. 1475/- per tree on 30.05.1995 with maturity on 29.05.2015.

Please can anyone enlighten me if I will receive my money back or nothing will happen in this regard.

Regards
P. Ram Kumar's reply, Jul 4, 2021
Sterling Tree Magnum (India) Ltd, which collected huge deposits for teak tree returns, is under liquidation. The website address of the official liquidator is: olchennai.in Investors can submit their claim petition in the required form given in the website. Chances are there that we may get some monetary compensation. The sooner you submit the better (within a few days itself).
Has anyone got any reply from Sterling Tree plantations or thier heirs or thier siblings who have amassed great wealth cos of duping thousands of people(middle class Indians mostly)
Help.me get the numbers or home addreess or thier email which could.help all o[censored]s.
If any one of you received any amount pls do share. MY FATHER DIED WAITING FOR THE MONEY...FEEL SAD.. AS HE BELEIVED STM WOULD PAY HIS RETURNS, THEY DUPED (HARD.EARNED.MONEY )
Rgds...PC
STERLING TREE MAGNUM INDIA LTD

not received any thing after expiry of scheme

SUNITHA DESINA NAME OF NOMNEE JAYALAKSHMI D [M] [protected]

APPLICATION NO 33184 CERTIFICATE NO T 40407 TAKE TREE OWNED 1
Sunitha desina 8-3-224/a/2, G-36, Madhuranagar, , S.R NAGAR P.O HYDERABAD-38 TELANGANA
I have invested in steeling tree magnum (india) limited on 05/03/1995 in Teak tree plantation .
I have invested for the plantation of one tree . The following is the certificate numbers
The Certificate no issued to me was K2829 dated 31/12/19955. The location of the plantation
present on the certificate is "JALLIPATTI PLANTATION" in Udumalpet Sub-Registration District,
Coimbatore District. The first interim was on 09/08/2001 and the second one was on 09/08/2007,
but as of today i have not received any interim returns and not received any final amount.
The company cheated us please somebody help me.

Somebody please help me how to get back my mony..

The address is
G.Nagarju, Hyderabad

Mobile number - [protected]
EMAIL ID - [protected]@yahoo.com

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