[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 too have purchased some trees. After retirement, I went to the location and told that the firm has wound up. I strongly feel that, if a collective complaint is submitted to The Commissioner of Police, Chennai something worthwhile may come out. Why not try?
EOW II (Economics Offences Wing), IIIrd Floor, TNHB Complex, IInd Avenue, ANNA NAGAR, CHENNAI is dealing with this case. There was a notice to the effect in Aug 09, but many including me, though staying in Chennai did not notice this. Now I have submitted a petition with the wing. I am told, that the company will pay the actual amount paid then as per the court directives. Since I submitted the petition now it will take a month or so. Some investors have already got their invested amount. Any one interested may submit their petition giving their name(as in certificate), present age, current address, Certificate Number, Contact phone number etc to the above address along with photo copy of certificate. Do not send original certificate now.

When I inquired they said that they will be accepting petition by post.

S Kalaivanan
i have also purchased in this bogus company. Legal actions should be taken by all owners together.The companys are making fool o[censored]s and enjoying at others money.
LETS SERIOUSLY DO SOMETHING...THIS IS OUR HARD EARNED MONEY.
sir
i am raj {abhisek mohanty} with certificate no E6667 my father mr supriyo mohanty has purchased two teak tree on my name .and i came to know that your
company branch previous address is stm<india>ltd.
gandhi nagar main road berhampur-760001{ganjam}
these address has been changed and my address is also change from old one
{old oneaddress} changed to {new address}
supriyo mohanty c/o suopriyo mohanty
plot no .2172 plot 60/10, road :1
hatiasuni lane samantarapur mahabir nagar
tankapani road bhubaneswar
bhubaneswar 751002
751002 ph:[protected]
sir i want the latest udate of my account and inform me your current address and nearest branch office address by post on my new address.
sir,
I Raj [Abhisek Mohanty] with certificate number E6667 is hereby to inform you that my father has purchased two teak tree from your company whose maturity date is[protected]. So i request u to send me latest update of my account and post me in my new address, regarding your policies and i request you to send your proper address of STM company.I will be waiting for your quick respond to my new address.
NEW ADDRESS
phn number - [protected]
c/o- Suprio Mohanty
plot no.-60/10, road no.1
Mahabir Nagar
Samantrapur
BBSR, 751002
I have purchase 2 teek wood tree from company, but till today I have not received any payment from company side.
This is ANJAN.G from mysore. My father had invested in the sterling tree magnum indian limited by investing for a single tree, on 31/12/1992 with a certificate number of T 2864.According to the company's commitment it had to pay the required sum on 30/12/2012. Will my father ever get the money
Dear Sir,

Sub: Status of my Purchase value of Teak tree
Ref: Certificate Sl.No. S 019431

When I was contact the address of this company, there is no response . Please let me know shall I able to get the money or Tree .

Regards,

S.BALAJI
CELL NO. [protected]
Dear Sir,

Sub: Status of my Purchase value of Teak tree
Ref: Certificate Sl.No. S 019431

When I was contact the address of this company, there is no response . Please let me know shall I able to get the money or Tree .

Regards,

S.BALAJI
CELL NO. [protected]
I have taken 27 teak of this company i need the present address of the company
dear sir

i have two tree invest in 1997 not receved any payment from company. what is now, how can back money from company. my contct [protected]
I have purchased 11 (Eleven) trees on 30/10/1997. My First Interim return was due on 29/04/2004 and Second is due on 29/04/2010. I have not received any communication regarding the payments from the Company so far.Please advice.

Thanks & regards.

Col V K Chhibber (Retd)

[protected]
STERLING TREE MAGNUM (INDIA) LIMITED
Application No - 35738
Certificate No. - T 40824
Sir,
Please change my bank particulars and address as mentioned below as I am transferred to this place.
Bank Name - Canara Bank
Branch Name – Extn Command Hospital, Air force
Account No.
Address :-
Sgt Mukesh (DMRT II)
Medical Training Centre, Air Force
Post -_ Agram
Bangalore- 560007
I had purchased a teak tree worth rs.1775, on 30/6/95 from pune branch by your executive officer mrs ajay gangawane with assured mid term payments. However neither has amt mid term payment been made nor has there been any communication from the company. pls pay my due payment urgently.

details
spot receipt : no. au.(w)1806 & 1807
vide application no : j- 507411 & j- 507416

Please Tell me
How Can I Get My Money Back ?

My Contact number is 91 [protected] & [protected]
I had purchased a teak tree worth rs.1775, on 30/6/95 from pune branch by your executive officer mrs ajay gangawane with assured mid term payments. However neither has amt mid term payment been made nor has there been any communication from the company. pls pay my due payment urgently.

details
spot receipt : no. au.(w)1806 & 1807
vide application no : j- 507411 & j- 507416

Please Tell me
How Can I Get My Money Back ?

My Contact number is 91 [protected] & [protected]
DATE : 21.4.2010

M/S. STERLING TREE MAGNUM (INDIA) LIMITED, CHENNAI

1. MR. ANIL KUMAR AGARWAL
A. REF NO.: AIDEC940348 (A2314), DATED 28.12.94 (20 TREES X 1475 E) PAID RS.29500/-

B. REF NO.: AIDEC940346 (A2313), DATED 29.12.94 (20 TREES X 1475 E) PAID RS.29500/-

C. REF NO.: AIDEC940347 (B2333), DATED 28.12.94 (15 TREES X 1475 E) PAID RS.22125/-

D. REF NO.: AIDEC940345 (B2334), DATED 28.12.94 (15 TREES X 1475 E) PAID RS.22125/-

E. REF NO.: AIDEC940349 (B2331), DATED 28.12.94 (15 TREES X 1475 E) PAID RS.22125/-

F. REF NO.: AIDEC940350 (B2332), DATED 28.12.94 (15 TREES X 1475 E) PAID RS.22125/-

KINDLY NOTE MY NEW ADDRESS AS UNDER.

ALSO CONFIRM AS ON DATE FUND VALUE ALSO HOW MUCH I WILL GET IF IF SURRENDER THE BOND ON 30.4.2010.


REGARDS
Lion UDAY GUPTA
136, AL-KARIM TRADE CENTRE
RANIGUNJ
SECUNDERABAD-500 003
MOBILE : [protected]/[protected]
EMAIL : [protected]@gmail.com
Website : www.guptarealestates.blogspot.com
www.udayinsurance .webs.com

Sterling Tree Magnum (India) Ltd — NO STATUS OF OUR HOLDINGS

I HAVE PURCHASED 15 TEAK TREES IN 1995 & THE COMPANY HAD COMMITTED THE RETURNS IN THE CERTIFICATE. BUT THEY HAVE NOT DONE THAT. WE HAVE NOT RECEIVED ANY REPLY FROM THE COMPANY
Sir,

I, G.Rama Rao have purchased 5 Teak Trees, Purchase value of each Teak Tree is Rs.1275/- in the year 27.12.1993 and the maturity date is 26.12.2013 vide Certificate No. E2981 in Parivrisurian village, Panagudi, Sub Registration, Tirunelveli bearing survey No.s 229/2, 241, 242/1, 218/1. But so far I have not heard anything from the company. I have changed my residence address From D.No. 30-8-32, Bhanu Street, Dabagardens, Visakhapatnam to:
Bearing D.No. 45-51-11/10, Amrutha Sadan Apartment, Akkayyapalem, Abidnagar, . Visakhapatnam 530 016 (A.P.) India. Kindly reply to my complaint when you are issuing the payment for due returns by return email. My mail ID is [protected]@yahoo.co.in

Regards,

In case I have not received any reply from you I will proceed legally.

Ganti Rama Rao
Sir,

I have purchased 5 Teak Trees in the year 27.12.1993 and the maturity date is 26.12.2013 vide certificate No. E2981, Application No. T 26595 during that time my address is D.No. 30-8-32, Bhanu Street, Dabagardens, Visakhapatnam. NOw I have changed my residence from Dabagardens to Akkayyapalem. Now my present address is ganti Rama Rao ; D.No. 45-51-11/10, Amrutha Sadan Apartment, Abid Nagar, Akkayyapalem, Visakhapatnam - 530 016. I have not heard anything from the company whether I have to get the returns or not. Kindly reply to my complaint when you are giving the returns to me to my Mail ID.

Regards

Ganti Rama Rao

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