Originally Posted by Unregistered

what happen to the 2 cases on city realcom?
any one know about this?

i have invest the amount in city real com in delhi office with my two freinds. But we have recd only one contract with 6 pdc monthly cheques and two contract and pdc still awaited what can i do ?

if any information about city real com pls give me

Hitesh

Hi,

Can anyone update regarding the proceedings of the case with City group? i have invested some amount in City realty and agreement is still not made and i dont know about my amount invested status? every day i hear i new story ? can anyone update on the same ASAP

i have invest the amount in city real com in delhi office . But we have recd 06 pdc monthly cheques and after one cheque 02nd bounce back and now no reverting from same office no one picksup phone/no email revert still awaited what can i do ?

if any information about city real com pls give me

harish kumar

Dear Sir,

You can get any information regarding these Companies only through the Registrar of Companies. Send a written request to ROC to know about the present status of such Co.

sir,
v hav invested a huge amount in realcom can u plz let me knw abut the resent update of this company..abut wat's hapng .

Dear Sir,

My wife invested Rs.127010 ans supposed to get Rs.7775/- per month for 5 years, and Rs.50000/ shares were to be cashed at the end of 05 years.Till July 2009 all the cheques were encashed. But after July 2009 cheques are bounced.

Her File No. is R26539.

Could any body help


NS Teotia
9313100566

Hi! this is vidya i have invested Rs.127000/- in my mother's name. I was promised of getting Rs.7775/- every month for 5 years and plus Rs.50000/- after the completion. I got 6 cheques on time, after that i got three cheques which is still lying in my house since I came to know that the company is fraud i have not put my cheques in bank, my almost Rs.86,000/- is pending. Kindly help me in this matter. I am the only earning member in my house. ctc no -97697888503/9870004665

Hello friends,

This information is in regards to the meeting which was scheduled on 14 Oct'09 at Wilson High School.

There were thousands of investors who had come down that day.
The area was jam packed.
I was not able to get in the school premises as it was alread over-flowing with people along with thousands of them who were waiting outside.
There were a large no. of police personnel who were present there.

I was told that there was also a judge present, who was appointed by the court.
It was indicated in the meeting that only the principal amount will be returned with 7% reducing balance.

Incase the principal amount of investment has already been covered in your cheques, then you stand to gain nothing. Nothing will be given then.

Incase the principal amount of investment is partially paid, hen only the balance left from the principal amount will be given back with 7% interest on reducing balance in 12 installments.
For eg.
1) If u have made an investment of 1,50,000/- and nothing has been given by City Limo/Realcom then the amount given back to investors will we Rs.1,50,000/- with 7% interest on reducing balance in 12 monthly installments.

2) If u have made an investment of 1,50,000/- and suppose you have already received 10 cheques of Rs.5000/- amounting to a total of 50,000/-) all cleared, then the balance amount given back to investors will we only Rs.1,00,000/- with 7% interest on reducing balance in 12 monthly installments.

3) If u have made an investment of 1,50,000/- and your amount has already been covered in previous cheques, nothing more will be given by City Limo/Realcom. That means, if u have received some amount more than Rs.1,50,000/- its is ur good luck. if u have received just Rs.1,50,000/- you stand to gain nothing more.

There was another proposal whether the investors want to continue the scheme. as such there will be voting. and we will be getting a letter by post and we need to decide whether we need to money back or continue with the scheme. There is some discrepancy on this because some people present said that City Limo will first clear off all the pending pay outs (to current investors) and then start with fresh schemes after that and if some one ones to re-invest he will have to make fresh investments so the continuity of present schemes is not the option, according to this version all current schemes will be terminated and fresh schemes will be launched

The process will take a period of 3 months and the above mentioned resolutions will be done only after 3 months. Meanwhile they said that they will utilize the period of 3 months for voting. and City Limo offices will reopen after Diwali.

Some say that the director of City limo also added that incase the police continue to harass them and any further arrests take place then he will discontinue with the payments to all.

There was supposed to be another meeting at 3:30 pm and many people were waiting for that but later on it was continuously announced by the police that the meetings in the afternoon were cancelled. On further inquiry they said that the meeting on the next day (15th October) as well have been cancelled and for any further developments we need to look for news in the News papers.

Infact there was an article in the DNA newspaper the next day on 15 October, wherein it was mentioned that it is required to take prior Police permission to hold such meetings and City Limo had applied for the same but were denied permission but still they went ahead with the meeting and hence some 5 of their executives were arrested and further meetings on that day n the next day as well were cancelled.

As of now this is the current scenario. If anyone has more updates kindly share the same.- Najeeb
(Mail id – snajeebr@rediffmail.com)

Last but not The Least!!!!
May the divine light of diwali spread into your Life peace, prosperity, happiness and good health. Happy Deepavali

I invested Rs 144010 to city realcom ltd. I got six cheques of Kotak Mahindra Bank of Rs 8700/- each cheque. The cheque was bounsed. I don not know how the invested amount will be recovered. If any pers have any latest news about the company please contact me with my mobile number 9252673298 or mail to me in in e-mail id <sekhgiasuddin1966@rediffmail.com> or <sekhgiasuddin1966@yahoo.co.in>

Dear Sir,

I have invested 132000/- in city relcom scheme and 09 cheques have been cleared but after that cheque started getting bounced and there is no update.Hence please tell me what should i do now?

Regards,
Vinod Gharge
9930146683

Dear Sir,
I have invested 1,27,000 rs in City realcom, my payment also get stuck, all cheques gets bounced, if any one have latest info of this company , please call .
regards
Pramod sharma
9324358565

I have invested Rs 1,32,000/- in city realcom and they assured to pay Rs 7735/-pm however the cheques given by them have dishonoured. Please let me know whether the city realcom will liquidated or not

I have spend my share of rupees 129000 but i have received money from only 5 cheques please tell me about the reason and what should i do

I have also invest money in city realcom. Please help us to get our money back. Please inform me what is happening in this case.