[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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M/S Sterling Tree Magnum (India) Ltd
Old No 21, New No 2
1st Street Viswanathapuram, Rangarajapuran, Kodambakkam, Chennai-600024,

Dear sir,
Refer to my earlier mail dated 13th May 2008, I wish to inform that I was awarded Eleven (11 ) numbers of teak trees.
Details are as follows:
Scheme : CHILD MILLIONAIRE TEAK EQUITY
Certificate No : Q 3301
Investment Value : Rs 20, 000/-
Date of Joining : 23/07/96
Date of Maturity : 22/7/16

Shall be grateful if you kindly advise me on the latest status on the same.

Could you also kindly confirm by e-mail.

Regards,
Ranjit Kumar Baruah

Flat No :402, Maya Apartment, ORION PLACE,
TARUN NAGAR,
G.S.ROAD,
P.O : DISPUR
GUWAHATI-781005
There are many people who had invested in steling Magnum Tree. I am also one of them. Unfortunatly no concerned department is interested in solving the problem. We do not know how long it will take. Will the concumer foram take appropriate action to speed up the court matter and get us justice

STERLING TREE MAGNUM(INDIA)LIMITED — NO INTERIM PAYMENT IN SCHEME

My name is Ishan,I have not heard from the company regarding my investment wide certificate no D8385.Also my address is changed to new address K13/20 DLF-II Gurgaon.

Kind Regards
We have purchased Teak trees along with Land with huge investment for our family friends.in 1993
The Pramoter of Company Mr Subramanyam Cheated. no response till date I visited Chennai.Banglore
for sevaral times no adress is avilable of Sterling Tree Magnum.the pramoters of company should be Prosucuted so many small investors are cheated by the company.they have cheated same way other sterling ventures.

M.C.Hiremath
President
Karnataka Chamber of Commerce & Industries
HUBLi
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).

STERLING TREE MAGNUM (INDIA) LTD — Refuge of my money

Im Rajesh my father has invested ijn sterling tree magnum (INDIA)ltd for 2 teak trees in 1997 with certificate no:J29206 still we didnt get single rupee from these company can any help me out on this.
Mail id:[protected]@yahoo.com

Thanks in advance.
I had purchased a Teak Tree from Sterling Tree Magnum (India) Ltd on 21/5/1992 at a cost of Rs 975.00 vide certificate no. T 11416 & Serial No. 011527. Please note that the schemed is mature on 20/5/2012.

Since 2007 on wards i do not have any communication as my all letters sent to their chennai address is
returned to me "NO SUCH ADDRESS"

Please let me know the current status of this company and address.


Peter A P
No.4 Vishal Appartment
Maninagar (East) 380 008
Ahmedabad
Gujarat.

sterling tree magnum India — Investment in teak tree

I kalpana robinson had invested in sterling tree magnum-Rs.1825 in 1997 ,No A164970. Since then I have not heard from this company about the returns promised at the time of invetment.

TEAK TREE — no returns & change of address

i the owner {SHAGUN JAIN} of teak tree wich i hv purchased on 17/02/1996 and its maturity date is 16/02/2016.
my teak tree was plantead at (strumudikarai planatation in siva ganga taluk, pasumpon muthuramalinga thevar district.)
MOROVERE ,i hvn't recevied my FIRST INTERIUM wch was due on 16/02/2002
SECOND INTERIUM wch was due on 16/02/2008
and i hve send the letter for the change of my adress with the draft of Rs 50 on 17/06/2010 and i hvn't gt any positive answer over it. with the dra
i am really vry upset about it, kindly have a deep look over my complaint.
please put ur immediate attention towards the request
Im Rajesh my friend has invested in sterling tree magnum (INDIA)ltd for 2 teak trees in 1995. still we didnt get single rupee from these company can any help me out on this and how to sale the share certificate. Please mentioned your Company Phone No. and Address.

Please contact for our e-mail id is [protected]@rediffmail.com

With regards

S Sakthivel
I had invested in Sterling Tree Magnum (India) Ltd vide receipt no:BM (W) 9236 dated 03.10.1996 towards purchase of One Tree vide application No:A119118 paid an amount of Rs.1, 825/- thru cheque no:117200 drawn on central bank of india, marine lines branch, Mumbai. Would like to know the current status about payment and the company's whereabouts and locations. Thanks

Please mail the details: [protected]@yahoo.com
I purchased two trees several years ago... Was wondering if any of you have any updates on how to take this forward.
May I suggest a few o[censored]s join hands, appoint two other investors to represent all o[censored]s, and start moving in a legalized manner?
I will volunteer for whatever work I can do, based off Bangalore. The idea behind this being strength in numbers. Please opine.
[protected]@hotmail.com

Sterling Tree Magnum (India) Ltd — REFUND IS NOT RECEIVED

MY NAME IS C.GANESAN ..I HAVE INVESTED SOME AMT IN STERLING TREE BUT TILL NOW I HAVE NOT RECEIVED THE AMT ... FOR THE PAST 15 YEARS .
MY OFFICIAL RECEIPT NO- S 31135
By any chance, anybody have the pamphlet praising the qualification and experience of the Board of Directors of STM. So that we can trace whether these culprits are involved in Sterling Resorts, Sterling Holidays, Sterling Computers, etc.
I purchased two crrtificates bearing NOs D9145 and D 9146 on 18/11/1994 while i was posted to chennai. ai have not received a single pie since then. My E-mail is [protected]@gmail.com and I am presently residing in Maharashtra.Please send your address immediatly along with your phone numbers.

Sterling Tree Magnum (I) Ltd — Company not paying promised returns

Dear Sir,
I have purchased Twenty Teak Trees on 28/02/1995 vide their Application No. G156338 & Certificate No. A6577 issued by the STM on 28/02/1995.
The maturity date is 27/02/2015.

I have tried my best to locate their address but they are not traceable & there is no communication from them.

My Present Address :

Rajni Lakhotia.
B-2 & 3 Amrapali Plaza
Amrapali Circle
Vaishalinagar
Jaipur-302021.

Mobile no:[protected].
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).
NO LAND, NO TREES, NO INTERM RETURNS
I HAD INVESTED RS. 1, 32, 750(RS. ONE LAKH THIRTY TWO THOUSAND AND SEVEN HUNDRED FIFTY), OUT OF SELLING MY ALL WEDDING JWELLERY INTO 'STERLING MAGNUM TREE' PROJECT, FOR BRIGHT FUTRE, VIDE APPLICATION NO.L 2016 ON 30/06/1994. I WAS GIVEN A CERTIFICATE NO. A330 ON 24/01/1995 FOR 90 TREES @ Rs.1475/-EACH TOGETHER WITH 1/4 ACRE OF LAND AT SANGAN VALSA VILLAGE, PARVATHIPURAM MANDALAM, PARVATHIPURAM.
I AM A SENIOR CITIZEN NOW. I HOPE AND PRAY FOR RETURNS FROM THE LAND AND THE TREES.
NEERU MEHTA
[protected]@hotmail.com. contac nos.[protected],[protected].
i have faced same problem that company has not paid interim 6th and 12th year and also no communication since 1994 if any body can help me please do help me to contact company my no is [protected] Delhi
My name is Naveen Sogani
Purchase of a Teak Tree
I had purchased a Teak Tree from Sterling Tree Magnum (India) Ltd on 9/04/1992 at a cost of Rs 975.00 vide certificate no. T 4159 & Serial No. 004662. Please note that the schemed is mature on 8/04/2012.

Since 2007 on wards i do not have any communication as my all letters sent to their chennai address is
returned to me "NO SUCH ADDRESS"

Please let me know the current status of this company and address.


Mayaank Shah
Rohit Jewellers,
Sadar bazar
Raipur (Chhattisgarh)
PIN NO.[protected]
Pl note that I have purchased 15 trees @ 2250 for Rs 22950 in 1994. i have tried a lot by correspondance but they have left the office. For going to court whether we have to lodge it from Chennai or we can do from chandigarh also due to my posting. Anybody please guide me what is the best course of action.

S. bhattacharya
h No 361/17 panchkula
haryana
[protected]

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