Sterling Tree Magnum Ready Cash Teakquity : Non Receipt of returns

I had purchase teak trees at a total value of Rs.6,330/- vide application No.T 61346, Certificate No.R134 on 16 Nov 93 on my daughter’s name (Ishita Raksha). The maturity date of the same is on 15 Nov 13. As per the equity certificate, I should have also received interim returns of Rs.4,000/- and Rs.18,000/- at the end of 6th year (15 Nov 99) and 12th year (15 Nov 05) respectively, which has not been received till date.

For the same, I had sent a registered letter in the name of M/s Sterling Tree Magnum (India) Lt 154, Eldam Road, Teynampet, Chennai – 600018, which has been undelivered stating the address is not correct. Even I had tried to contact the above mentioned firm’s Hyderabad office at Surya Towers, SP Road, Secunderabad which was also found to be closed. Thereafter a complaint has also been lodged through an email and no reply has been received till date for the same.

Request to do the needful.

IP: / August 20, 2012 / 9:11 pm

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