[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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Pl note that I have purchased 2 trees in 1994. For the last several years, I am trying to correspond but failed as there is no trace of this firm. Anybody may please help in getting back my returns.
V.Srinivasa Rao, Hyderabad [protected]
I had purchased three teakquity vide certificate No K 23618 ( application no R 68415), J815 (application no A100774), K 7146 ( application no J 500826).

I have not received a single pie since than although by this time I should received two interium divident

Can anybody help me to recover my money.

My mail id - [protected]@latlmkt.com

sterling tree magnum india ltd — No returns from Teak tree investment

My grandmother also purchased a teak tree from Sterling Magnum in 1992 for me but till now no interim returns paid.Certificate no:T3138. Please help.

We hear that Sterling Holidays is doing well.

K.SRIRAM
[protected]
I have invested in 27 teak trees for RS 1775 EACH in STERLING TREE MAGNUM(INDIA)LTD 15years ago, as dated 30/06/1995...and the maturity was given as 29/06/2015 in the name of my wife and daughter.

it was planted at: THEPPAMPATTI PLANTATION in Andipatti Sub-Registration District, Madurai District...

but i have not received any acknowledgement from the company..i request you to look into this matter and contact us as soon as possible..

AS I REQUEST YOU TO PLSEASE CONTACT REGARDING OUR INVESTMENT

HOPE YOU WIL GET BACK TO US

Shyam Tikamdas Menghani
APPLICATION NO: D 329625
EMAIL ID : vivi.[protected]@yahoo.com
MUMBAI

Sterling Tree Magnum(india) LTD — teak tree

Dear sir,
my father has purchased two teak tress in the year 1992 and the certificate number is T6389, till now i have not received any intimation from them please give me information about them.
Dear sir
my present address is JWO A POOADR, AFCAO, UNIT ACCTS SECTION, SUBROTO PARK NEW DELHI 110010
my Application no. is 12334 please send send cheque Mob No. [protected]
dear investors, i am also an investor of stm, all r request to their returns, why dont u talk about the teak garden lands, now the land value increese some hndreds times, so all stm company board members playing game to that valuble land, so i request all the investors, pl question to the board members to sold the land and distribute the amount to investors, once i request to tamilnadu government and honable chennai high court take adessisson in this matter.it was very helpful to poor investors.

Sterling Tree Magnum, Chennai — Teak Tree refunds..

Sir,

I have Teak Tree bearing Certificate No : T-17739 purchased in 1992 and as per the procedure, STM has to settle my complete payment since the expiry of the scheme is already over in 2012..

Nadgeer..
I had purchased One Teakwood Tree from M/s. Sterling Tree Magnum (India) Ltd., Registered Office – 154, Eldams Road, Teynampet, Chennai 600 018, on 24.11.1997 vide Application No. AA0005641 and the Certificate No. 6N00230 after paying a sum of Rs.2, 475.00 by cash and received the TEAKQUITY Certificate duly signed by the Authorized signatory as also signed by Mr. V.N. Pai the Managing Director of the company.
As indicated in the certificate the following payments are due to me from the company:
1. First Interim Returns due on - 23.11.2003, which would be paid by the company on 22.05.2004
2. Second Interim Returns due on - 23.11.2009, which would be paid by the company on 22.05.2010

I have so far received neither any response from M/s. Sterling Tree Magnum (India) Ltd., nor any payments.

The Date of Maturity of the TEAKQUITY CERTIFICATE is 23.11.2017.

I had applied for the TEAKQUITY CERTFICATE while I was staying at Flat No. 2-D, Pocket R, Dilshad Garden, Delhi and now I had shifted my residence from Delhi to Kerala and at present staying at the following address:

Reshmi Menon
W/o. Prakash Menon
Mavelil House
House No.290-A,
Ambazakkad
P.O. Ashtamichira
Dist. Trichur
Kerala State - 680 731
As the above mentioned payments are due to me for long time now I shall be grateful if an information is passed on to me at the earliest possible time about the fate of my Deposit of Rs. 2, 475.00 with M/s. Sterling Tree Magnum (India) Ltd., and the dues are released to me as soon as possible.
hi sir...
i've purchased one teak tree with a sum of rs.1000 from the INDIAN TREE DEVELOPMENT COMPANY LIMITED, coimbatore, tamilnadu and now it came for maturity..
but i cant able to find the company..
help me sir plzzz..
any information reg, plz contact: +91 [protected]
[protected]@gmail.com
I had purchased one Teak Tree worth rs.975/- on 09.03.1993. The maturity dated was 9.03.2013, but as per compnay, i have not received any midturm return or heard anything from company. I got only a letter as the court order that it is under the Justice Subramaniam. I dont know how to claim my money. Phone number given for contacting sterling tree magnum is also not reachable. the brief detail is as under:
Name of the owner: P. Lalitha
Nominne name: K. Pichandi
No. of teak trees: 01
Age of owner: 46 yrs.
Application No.s711417


My latest address is as under:
No: 1/308, Sruthi Flats,
Moogambigai amman kovil street,
Singarathottam,
Vandalur Gate,
Chennai-600048.
Mobile No: [protected]
Email id: durgadevi.[protected]@gmail.com
Hi, i have purchased 2 tree STM in 1994-5 in 2010 irecived one letter from them contain in that letter was ti renew of teak Tree plan, i replied o that letter but no reply from them as of now, certificate is already matured in jan 2013






Regards

R Gavhane

31 AUG 2013
I'm also a sufferer by investing a sum of Rs 1775/- for one teak tree in the name of my daughter Aishwarya Patnaik on 22.06.1996 where the maturity date is 21.06.2016. but in between I was suppose to receive interim returns from the company on 21.06.2002 & 21.06.2008 respectively.. I may please be noticed how I will get back this. My e-mail id is biswa.pattnaik7 @gmail.com
MEENAKSHI HEGDE
Dear sir,
I had purchased 4 tea [protected]@RS1775 each on 20/06/1996 and its maturity date is 20/06/2016 with assured mid term payment. However neither has mid term payment made nor has there been any communication from STM.
Application no- R 70109, 70107, 70110, 70108
Certificate no-K 28847, 28848, 28849, 28850
plan- FUTURE ASSURANCE TEAKQUITY
Tree planted at-YEPINUPI, VINJAMUR, NELLORE
REGD. OFFI ;#5, 41ST STREET, 6TH AVENUE, ASHOK NAGAR, CHENNAI- 600083 PH ;3700639
My no[protected] e [protected]@gmail.com
I purchased a teak tree @ Rs, 1775/tree on[protected] from Sterling Tree Magnum(india) Ltd incorporated under companies act 1956.Head office Divyaa 8A, Murreys Gate Road, Alwarpet, Madras 600 018. My application no is J 506789.Maturity date 29/9/2015. Certificate no is K7305 Please inform me about present staus of this project. Whether I would get back my money invested? Whether the insuance company who guarnteed the teak wood plant scheme will pay back any damages?

srinivas
[protected]
I have purchased 2 nos teak trees on 21/04/1992. Date of expiry schemme is on 20/04/2012. But still now no reply and response from them.

Please help me to get back my money.
My present email id [protected]@gmail.com.

Contact no [protected]
Sir, I had purchased TWO TEAK TREES on[protected], Application No.T 61847, Certificate No.E 3158
@ Rs.1275/-. Total Rs.2550/- from Sterling Tree Magnum Services, GUNA Buildings Annexe304-305 Anna Salai, Teynampet, Chennai- 600 018.

15-5-08 received an unexpected letter fron sterling Tree, I replied as ready to wait till[protected],
to get the maturity value.
Wish to know the present position of my investment, whether i will get the maturity value, and the
expected amount. request ur e mail address, present postal address, and Phone numbers with time to contact. Expecting reply, sincerely,
Kavi Kapoor
49 Anand-puri
kanpur 208023
We Purchased many trees onder various certificates of Sterling tree Magnum (India) ltd., vide Certificate Numbers : J7493, J7494, P9626, P9612, N786, N785 etc. Have not received any letter nor any returns from the company.
Please Help.

Rohit Grover & Sujata Grover (At that time House no.339)
Now address House No.301, Sector 35-A, Chandigarh.
Mail : [protected]@gmail.com
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.

Ravi Prakash Agarwal
mobil no.91 [protected]
e mail - ravi.[protected]@gmail.com
I had purchased two teak tree worth Rs. 1475/- per tree in the year 1995 in the name of my daughter Neha Mehta, very long time I have not received any massage from company side please anyone tell me where the company and what the status of my invested money

Neha Mehta
c/o Jawahar Lal Mehta
A-112, Nand Ram Park
Uttam Nagar,
New Delhi -110059
Mobile no [protected]

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