[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
 
245 Comments

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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 money back

The address is
G.Nagarju, Hyderabad

Mobile number - [protected]
EMAIL ID - [protected]@yahoo.com
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).
I had purchased 2 Nos. Teak tree from Sterling Tree Magnum (I) Ltd. vide their Certificate No. I-15058 dt.18.11.96 against promises, no response from Company. First interim Returns was to payable on 26.06.2002 and second returns was payable on 26.06.2008 and maturity date was told on 26.06.2016
Nothing given by Company.

Shrawan Kumar Pareek
PO.Dujod, Distt.Sikar Raj.
i had bought 13 trees . No idea what is happening .
can someone throw light . my no is [protected]
Has anyone got the refund or response from STM?. Is there any contact person of lawyer handling refund? Kindly message to [protected]@gmail.com

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