[Resolved]  Sterling Tree Magnum (India) Ltd — NO REPLY OF NEW COMPANY ADDRESS

Dear Sir,
My father D Venkatesh had taken teak tree certificate on my name Miss BV Hemavathy from STERLING TREE MAGNUM (INDIA) LTD on 26/03/1992 & it expiers on 25/03/2012 serial No 024518 certificate No T20034 purchase vale Rs 975.00 on that time address given in certificate is Registered office 154, Eldams Road, Teynampet, Madras 600018 in certificate mentioned No of teak trees planted at South Karukurichi Village, Cheran Mahadevi sub-division, Ambasamudram Taluk, Tirunelveli of 39.66 acres bearing survey No 85/2-108/4C. Also in envelove cover address is mentioned that STERLING TREE MAGNUM (INDIA) LTD Divya complex, No 8 Murrays gate road, alwarpet, madras 600018 Tele-450330/456601 sir, now Madras become Chennai and old address changed both yours and mine so please intimate your new address including e-mail /tele Number
my new address
D Venkatesh
House No LIG 764, 13th B Main Road
Yelanka New Town
Bangalore-560106 (Karnataka)

Looking forward for your early and favourable reply

Thanks
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Aug 14, 2020
Complaint marked as Resolved 
 
46 Comments

Comments

sir,

My father purchased 1teak tree is my name in the year 1996.
At this time we have moved from our old residence. I request you send
me details about interum return. i have not recieved any return yet.

send me details at my new address:-

Raj Shekhar
4-a Pooja Enclave, Jawahar Puram,
Albatiya Road, Agra-282010

Contact No:-
[protected]
I had taken teak tree certificate on my name Pawan Dhingra from STERLING TREE MAGNUM (INDIA) LTD on 13/03/95 vide application no.G-157680 under scheme ERT Ref No.DFMAR950067
kindly let me know about the company whereabouts as I did not get any response from company.
Looking forward for your early and favourable reply

My new address including e-mail /tele Number is
my new address
Pawan Dhingra
307, Shikha Apartment
48, I.P.Extn
Patparganj
Delhi-110092
email [protected]@gmail.com
Tel:[protected]
Dear Sir,

I had purchased 5 teak trees from Sterling Tree Magnum Ltd, . through their New Delhi office in 1994 and I had the required amount against the same. Later on the company official had sent me a letter asking me to submit the original receipt for refund of my payment. Accordingly I had sent the original receipt to their Madras office but till date I have not received any refund from them.

How can I get my refund from this company. Please advise.

Ramakrishnan T.K.
Dear Investor

I had invested in 15 trees and got info that the company's assets were frozen and case is going on. In the beginning of this year I contacted an advocate Mr. Gopal Krishnan @[protected]/[protected] through an investor friend of mine and got my invested money back less his (advocate)fees and charges within a short time. The info I got from my sources is Sterling tree magnum is unlikely to honour its committments to its investors. So I decided that something is better than nothing.

Regards
sundar
Dear Sir,
I, Uma Ballava Mohapatra, have invested for 10 teak trees in 1996 under scheme LOT .
I was supposed to receive return in 2006 and 2009. Now, since I have not received any conformation about the proposed scheme, I request you to update me on this matter .I would also like to request you to send me a copy of the list of investors in this plan. I have not received a single return from the company till today.
Hope you address this matter.
Uma Ballava Mohapatra,
HEAD FINANCE, MAPS, KALAPAKKAM, CHENNAI-603102,
MY MOBILE NO-[protected].MY TEL NO[protected]
I also purchased 15 trees in1996 but till now not any return nor any reply from sterling about my corres. company also alloted me a land at pottypuramvillage, uttamapalayam taluk Please help us to get return of my investment from the company.
STM Claim's reply, Jul 4, 2021
I am Advocate Jitendra from Chennai. Contact at 7092199190 to know present status of the case and file your petition.
I have also invested in STM - 1 tree. It is due by 2012. But I am for the last one year trying to contact them for updating my change of address, all my covers returned by postal authorities as "Address changed", "No such person".

Only today I got the address and phone No. of the company. I informed them my new address and they have also said that they noted. I insisted them for a letter registering my new address but they said it is changed in their system. I dont know whether they will do it or not.

Their address : Old No.21, No.2 First Street, Viswanathapuram, Kodambakkam, Chennai-24.
Ph.No.[protected]

lets hope for the best.
I had invested 50 trees of amount Rs.90775/- into Sterling Tree Magnum Ltd. But now there is no response from the company. I talked with him many times, but they told me that our case is going on in court. Please tell me what i will do know, and how I will get my plot, Value of trees.
i have invested Rs. 10000 and bought 10 Teak Trees.Can anybody help me what should I do to get my returns.
I HAD ALSO PURCHASED TREES FROM STM AND NO RETURNS AS ASSURED HAS BEEN RECEIVED BY US. I HAVE ALREADY FORMED A GROUP OF 20 PERSONS WHO ARE TOGETHER PLANING TO PROCEED AGAINST THE MANAGEMENT OF COMPANY. SEVERAL DOCUMENT PERTAINING TO SAME HAS BEEN COLLECTED BY ME DURING LAST 10 YEARS. IN CASE YOU WISH EVEN YOU CAN JOIN OUR GROUP. MY MOBILE NO. IS [protected]. Seema Poddar
My father also has invested & facing the same prolem, no returns no communication further, Pls revert if someone has got any solution.

Regards
Saravanan K S
[protected]
Dear sir,
i invest the money of your compnay on dated 14.12.1995 of Rs 47925/- vide cheque no 027664 drawn on Bank of Baroda Vashi. So, my certificate is missing pl what the states of my investment and issused duplicate certificate. my new address as follow, as same my brother Priyank Ajit Patel he aslo invest your company of Rs 47972/- . so pl send mail and your contract no

Jaymin Ajit Patel.
C/o Ajay Deep New Town Developers Pvt Ltd.
407, Akshay Deep Plaza,
9, Town Centre, Cidco
Aurangabad ( Maharashtra ) 431003
I had worked in this company for a period of 4 years, company has not paid my final settlement even after lapse of 12 years, believing my words all my family members had invested in this company Rs.25000/- by my brothers and sisters and neighbours too.

Rasheed M A
We have also bought 2 trees from STM in 1994, but till today theres no news from there with respect to the dividends or anything, if any of them have any information please let me know.so please contact me my email id larsil.[protected]@gmail.com and send me contact number and address for communication STM.
ALL WILL GET ORIGINAL THIRUNELVELI HALWA FROM THEM!!!

They are non ethic people!!!
sir,
I have also taken 1 tree from STM certificate no T45498 dtd[protected] application no 41013. pls reply for the same.
My father also deposited Rs 10000.00 on 12/02/1994 and the maturity date is 11/02/2014. for 8 trees in my sisters name
But till now there is no communication.between us
Please let me know the contact address of STM or number
sandeep madhavan
kerala
[protected]
Dear Sir / Madam

My father also taken a FAT teakquity plan application no: A143925 dated 19.12.96 Cert No: 143925 and R63506 dated 31.01.96 Cert No: K 15719 in my grand childrens name, Ayesha and Rauf. Till date we haven't got any returns or compensation for the amount invested.

How to get the compensation?

Thanks
We have the simillar problem, my father had invested Rs.20, 000/- in 1997 RS.but we have neither received a single penny nor we are able to communicate with the concern due to non availability of proper address, if anybody find their adress kindly forward me in following id

tripathy.[protected]@gmail.com
Dear sir,
sir i want to purchase some tree or invest some amount in your company. but due to no proper information about ur address & phone no. i am unable to invest in your company. sir please give me ur valid address so i can invest in your company. sir i am waiting for your response

Thanking you,
PIYUSH JAIN
[protected]

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