Respected sir,
I have invested in an real estate company who has promise to me that they are in the process of comming up with an public issue.
Based on that, i have made an invetment of Rs. 70000/- during 2008. After that they have paid the interest for first year for the investment (2007 - 2008).
However after that there has been no communication from their side. I have personally visited the comapny 2 times to know the status .However both the time their reply was not clear and they say that they have applied for public issue and the issue will come in 3 to 4 months. and regarding interest payment they say that the management has to decide on the same.
Further for the past 3 years I have been in touch with them over phone however the reply is same.
I have sent emails to them, but they are not replying to my emails also.
I have recently sent a registered letter via post asking for their balance sheet in September. Now one month has passed and there is no reply from them.
I wanted to know what could be the course of action for me to recoever my money back from them.
Looking forward for your reply.
Regards,
Rajesh
