Comments
Dear Sir/ Mam
I have Booked a plot of 120 Sq. Yards. / Meter in Vian Ganga Haridwar project From Builder M/s. Vian Infrastructure Ltd in Oct'06.
I have paid 52% Payment & 5% PLC amount till 2008. Still there is no construction work started at the proposed site.
Even Builder has not been received any CLU from Govt. of Haridwar from Uttarkhand Government for the proposed project, hence he is not able to develop the site.
As on date we are not able to contact the builder as they have changed the office and we are not able to get their new offer address & also no phone number is there.
However we have spoken to their Customer department one year back to refund the money but there was no response from them.
I am not able to understand what to do & how I can get my money back. Please advise for the same.
Vian Infrastructure has started some more projects at different sites but non of them is sucessfully completed and are pending.
I hereby request all of you please advise the way to get the refund of the amount paid to them.
Regards
RC PHULORIA
[protected]
I have Booked a plot of 120 Sq. Yards. / Meter in Vian Ganga Haridwar project From Builder M/s. Vian Infrastructure Ltd in Oct'06.
I have paid 52% Payment & 5% PLC amount till 2008. Still there is no construction work started at the proposed site.
Even Builder has not been received any CLU from Govt. of Haridwar from Uttarkhand Government for the proposed project, hence he is not able to develop the site.
As on date we are not able to contact the builder as they have changed the office and we are not able to get their new offer address & also no phone number is there.
However we have spoken to their Customer department one year back to refund the money but there was no response from them.
I am not able to understand what to do & how I can get my money back. Please advise for the same.
Vian Infrastructure has started some more projects at different sites but non of them is sucessfully completed and are pending.
I hereby request all of you please advise the way to get the refund of the amount paid to them.
Regards
RC PHULORIA
[protected]
hi all friends I ravinder kumar also invest in jaipur project and pay full amount in 2006 if anyone hav adress of delhi vian office plz share. i agree with the people who registered their complaints against vian infrestructure. if we share & collaborate all the information against company .May be we can safe our money from this fraud company.
Dear Friends,
i was also booked three plots in neemran area, but till date no-body given any response of our reminders about plot or refund of money,
friends, if there are any ways to recover the deposited money in this company, pls guid me,
RB - [protected]
i was also booked three plots in neemran area, but till date no-body given any response of our reminders about plot or refund of money,
friends, if there are any ways to recover the deposited money in this company, pls guid me,
RB - [protected]
REAL ESTATE COMPANIES ON ASSURED RETURN BASIS IS AGAINST SEBI & RBI ACTS AS PER COURT ORDER DATED 29.08.2012
Division Bench, consisting of the Hon'ble Acting Chief Justice and Hon'ble Mr. Justice Rajiv Sahai Endlaw of the High Court of Delhi, on a public interest litigation WP(C) 5324/2012 filed by an investor, have issued directions to the Reserve Bank of India and Securities & Exchange Board of India to investigate against real estate companies who are inviting booking of property from the public with assured returns. The Hon'ble High has also further issued directions to take further remedial steps not only in restraining inviting booking on assured returns but also to take other action as permissible under law as well.
ORDER / 29.08.2012
1. This petition is filed in public interest. The petitioner has brought to the notice of this court that respondents no. 7 to 10, real estate development companies are inviting deposits from public with assured returns with buy back options. The submission is that the same amounts to banking activity within the meaning of Section 45-IA of the Reserve Bank of India Act, 1934 as applicable to non-banking financial corporations and is without the permission of the Reserve Bank of India as well as SEBI and cannot be undertaken by respondents no.7 to 10. It is further pleaded that not only are the said activity illegal but it is possible that small time investors having limited funds would be duped by such companies.
W.P.(C)5324/2012
2. We find that the petitioner had sent a representation to the Reserve Bank of India and SEBI only on 10.7.2012. Learned counsel for SEBI has appeared on advance notice and has submitted that on the representation of the petitioner, action has been initiated and the matter is under investigation. He has produced copies of letter dated 06.08.2012 addressed to respondents no.7 to 10 asking them to submit required documents to take further action.
3. Since the matter is already under examination by the concerned authorities, it is not necessary to entertain this stage except for directing the RBI and SEBI to conduct and conclude the probe at the earliest and if it is found that respondent no.7 to 10 are not eligible to undertake such activities, take further remedial steps not only in restraining these respondents but also to take other actions as permissible under law as well. Petitioner shall be intimated about the outcome of the proceedings of the SEBI. In case the petitioner remains aggrieved by the action taken by the concerned authorities, he would be at liberty to approach the Court.
With the aforesaid directions, the petition stands disposed of.
Division Bench, consisting of the Hon'ble Acting Chief Justice and Hon'ble Mr. Justice Rajiv Sahai Endlaw of the High Court of Delhi, on a public interest litigation WP(C) 5324/2012 filed by an investor, have issued directions to the Reserve Bank of India and Securities & Exchange Board of India to investigate against real estate companies who are inviting booking of property from the public with assured returns. The Hon'ble High has also further issued directions to take further remedial steps not only in restraining inviting booking on assured returns but also to take other action as permissible under law as well.
ORDER / 29.08.2012
1. This petition is filed in public interest. The petitioner has brought to the notice of this court that respondents no. 7 to 10, real estate development companies are inviting deposits from public with assured returns with buy back options. The submission is that the same amounts to banking activity within the meaning of Section 45-IA of the Reserve Bank of India Act, 1934 as applicable to non-banking financial corporations and is without the permission of the Reserve Bank of India as well as SEBI and cannot be undertaken by respondents no.7 to 10. It is further pleaded that not only are the said activity illegal but it is possible that small time investors having limited funds would be duped by such companies.
W.P.(C)5324/2012
2. We find that the petitioner had sent a representation to the Reserve Bank of India and SEBI only on 10.7.2012. Learned counsel for SEBI has appeared on advance notice and has submitted that on the representation of the petitioner, action has been initiated and the matter is under investigation. He has produced copies of letter dated 06.08.2012 addressed to respondents no.7 to 10 asking them to submit required documents to take further action.
3. Since the matter is already under examination by the concerned authorities, it is not necessary to entertain this stage except for directing the RBI and SEBI to conduct and conclude the probe at the earliest and if it is found that respondent no.7 to 10 are not eligible to undertake such activities, take further remedial steps not only in restraining these respondents but also to take other actions as permissible under law as well. Petitioner shall be intimated about the outcome of the proceedings of the SEBI. In case the petitioner remains aggrieved by the action taken by the concerned authorities, he would be at liberty to approach the Court.
With the aforesaid directions, the petition stands disposed of.
I am Ramesh Rohilla, i have booked a plot at Haridwar before few years in vian city. still there are no development on site.The builder is in thihad jail now and i feel its useless to go in court for refund the money. I request to all peoples who booked his plot in Haridwar project to contact or give me your contact no. so i can talk to you. We would get the approvals from ADA and develop our land by oursef.
Thanks & Regards
Ramesh Rohilla
+91 [protected]
[protected]@rediffmail.com