Dear ALL INDIA INVESTORS
GOOD
NEWS FOR CITY REALCOM LTD & CITY LIMOUZINES (I) LTD INVESTORS
As you all are well aware that all the FIR's and complaints given to different EOW or police stations and U/s 138 N I Act cases, from all over India ,all have been transferred by Honorable Supreme Court by its order dated 11/5/2015 to Addl Sessions Court, PMLA court Greater Mumbai for trial. so if any body, who has not filed any claim before official liquidator High Court of Bombay, file it. EOW's has no role in this liquidation matter now. Rest your money and your choice.
CLAIMS
ADJUDICATION STARTED AND ADMISSION NOTICES FOR DEBT FROM OFFICIAL LIQUIDATOR IS
STARTED COMING TO INVESTORS, AFTER THIS PROCESS- ORIGINAL DOCUMENTS
VERIFICATION WILL START.
INVESTORS RECEIVED ADMISSION NOTICES FOR THEIR CLAIMS
MAIN
POINTS
1. After receiving Admission Notice, you
have to raise your objection with regard to their calculation of amount
if any within 21 days from receipts of the notice to official liquidator.
2. Basis of claims is receipts and M.O.U., as
per their notice as per there time limit is with in 21 days, amounts
admitted as per receipts.
3. Compensation for balance number of months,
commencing August 2009
4. All applicable rate/s. Mid year rate in
case of annually varying rates
5. No Compensation beyond the months
immediately preceding the date of winding up.
CITY REALCOM LTD
Example
: As liquidation order for City
Realcom Ltd 09 March 2012 so compensation up to 28/2/2012 only means 31 months.
CITY
LIMOUZINES(I) LTD
Example: As liquidation
order for City Limouzines (India) Ltd 09 Dec 2010 so up to 30/ 11/2010 so
compensation will be only for means 16 months only, plus your preference
shares value if any.
6. Interest at 24%p.a on admissible amt. till
date of winding up on your monthly rental.
7. Additional compensation as per M.O.U will
be admissible only if it becomes due before the date of winding up.
8. Subject to Surrender of original copies of
M.O.U., Receipts, Preference shares to this office and also subject to
condonation of delay by the Hon’ble High Court if your claim has been filed
after 30th April 2013.
9. And take further notice that subject to
the power of court to extend the time, no application to reverse or vary my
decision in rejecting either in full or in any part, any of your claim as
aforesaid will be entertained after the expiry of 21 days from the date of
service of this notice.
These Admission of claims is according to your claims and receipts and MOU/ Agreement provided by you, with your claim petition.
Number of Investors received Admission Notices of their claims from all over India and hope within 6 months all claimants will receive Notices.
----------------------------------------------------------------------------
Sum of Rs.180 Crores
released to Official liquidator as per 23 Sep 2013 order of high Court of
Bombay. Order copy also available on this blog. Other Money held up with
Enforcement Directorate (Property Value Rs. 133 Now Approximately Value
Rs. 250 Crores ,
EOW Chennai As per their Website Data:
1. 18
immovable properties worth about Rs. 31 Crores
2. Cash Rs.5,000/- is available
with DRO.
3. Freezed 11 banks amount Rs.
74 crores
4. Movable properties worth Rs. 3,61,370/- ,
and other Place Like EOW Hyderabad and EOW
Bangalore will be Released to official liquidator soon.
THOSE WHO HAVE NOT SUBMITTED HIS OR HER CLAIM PETITION TILL DATE AND WANTS TO SUBMIT EITHER TAKE CONDONED DELAY PERMISSION FROM HIGH COURT OF BOMBAY FOR SUBMITTING CLAIMS IN TODAY DATE.
LAST DATE IS OVER on 30/4/2013 FOR SUBMITTING CLAIMS , ANYBODY WANT TO SUBMIT HIS/ HER CLAIM WHO HAS NOT SUBMITTED TILL DATE all instruction written below , SUBMIT AS EARLY AS POSSIBLE TO OFFICIAL LIQUIDATOR OFFICE BY SPEED POST OR THROUGH COURIER.
COMPANY PETITION NO. 234 OF 2010
Order Date for Liquidation: 3rd Dec 2010
COMPANY PETITION NO. 236
& 326 OF 2010
Order date for Liquidation : 9th March
2012
Address of Official Liquidator:
Official
Liquidator
(Attached
to High Court of Bombay)
Bank of India Building, 5th Floor,
Bank of India Building, 5th Floor,
Mahatma
Gandhi Road
Mumbai-400 023
Mumbai-400 023
Phone.
No. 022- 22670024,022- 22675008
File your Claim
petitions if not filed before official Liquidator attached to High Court of
Mumbai,
Everybody (All India
Investors) have to submit his/her claim petition to official liquidator
attached to High Court of Bombay Only.
The petition is to be
drafted in the form of Court petition. On each claim petition you have to put
required Court fee as specified by official liquidator and it is to be drafted
on Green legal paper and to be duly attested by Notary Public of Government of
India below before Me on main claim petition After due date to accept the
claim or not, it is the discretion of official liquidator or you have to file a
petition to high Court of Bombay for permission/ or to issue Direction to
submit claim after due date.
It is individual
investor money, if you will claim, you will get something whatever amounts it
may be. when you will get that you can lision with official liquidator attached
to High Court of Bombay, above given address, If you do not put claim you will
not get anything. Your money, your choice.
Thanks
Dr.Zulfiqar
Ali Khan, M.Phil(Law),Ph.D
Advocate
& Commissioner of Oaths
No.
462, Addl Law Chambers
High
Court of Madras
Chennai-104
MB;
9884102961 / 9444412961
Mail:
zulfiqar1971@gmail.com
hello sir I am city realcom investor from Delhi I have invested 260000 in CITY GROUP.. I have not filed the claim for refund can I file the claim now and can u please guide me the procedure and where can i get this form and how much it will cost.my email address is divit1811@gmail.com
ReplyDeleteProcedure I have written fully on my this blog please go through.and as you send query to my Id also, so I have already replied through mail.
ReplyDeleteHello sir. As I have filed the claim but my doubt is to get the money back should we have to join in any association to get priority. Kindly reply me.
ReplyDeleteDear Investor No need to join any association. all will get their claims disposed who has submitted his claim with official liquidator.
DeleteSIR,
ReplyDeleteI ALREADY SUBMIITED XEROX PAPERS ALL VIA POST BEFORE TWO YRS..HOW I KNOW THAT MY DOC SUBMMITED WITH LIQUIDETOR OR NOT..ANY LIST..WITH U..PLS...
I SAW MANY ANSWERS FROM U ON BLOG...VV THNX FOR UR COPERATION..PLS..
HOW I KNOW WHEN LIQUIDETOR RELEASE MONEY TO INVESTORS..PLS..THNX..
GAGAN ARORA,MUMBAI
dear you should have submitted xerocx copy of papers duly notarised with claim petition or Form-66, any registered post or speed post can be checked through post office website within two months.
ReplyDeleteDear Investor High Court has orderde these companies for liquidation means selling their properties and releasing their money to official liquidator. Official liquidator is authorized to liquidate all the property of these two companies and dispose the claims of investors who have filed claims before him. you should have submitted xerocx copy of papers duly notarized with claim petition or Form-66, by registered post or speed post to official liquidator attached to High Court of Bombay. Go through the procedure written on this blog by me.
ReplyDeleteResp. Sir
ReplyDeleteI m also investor in above firm who not file any complaint & want to file claim petition. Please tell me where & how can i file a complaint/case. Thanks a greatfull.
Rajesh Kumar Ambala City Haryana 94165-46024
Dear Investor, if you would have gone through questions and reply on this subject. you should have got your answer.
ReplyDeleteBoth the Companies has been ordered for Liquidation and if you want to claim your investment money , you should have submitted you claim to official liquidator attached to High Court of Bombay. Last date for submission claims was 30/4/2013. But still you submit your claim petition to official liquidator as early as possible. Already Rs. 180 Crores has been released to official Liquidator by order of High Court of Bombay.
Dear Sir,
ReplyDeleteI had File my Claim petition before official Liquidator attached to High Court of Mumbai on 23 july 2012(inward no 2821), when do I expect for my claim,
Thanks,
Madhav Gole
Dear I hope within one Year
DeleteDear Sir,
DeleteIt is almost almost one year & four months over after submitting my petition, I will have to wait for another one year?
Thanks,
Madhav Gole
Dear whatever possible on my part, i am doing . I have told you estimated time as per status of cases and money released and has to be released. You can directly inquire from official liquidator office,
DeleteThanks
Dear go through latest order copy is available on my this blog in which already Rs. 180 Crores has been released to official liquidator as per order of high Court of Bombay on 23 Sep 2013 and other money also hoping to be released in short period to official liquidator.
ReplyDeleteDear go through the order copy of 23 Sep 2013 put up on this my blog. some Rs.180 crores released to official liquidator.
ReplyDeleteDear file it as early as possible by making in back date means getting attested claim petition and documents xerox copy in B Date.
ReplyDeleteAs salamualiakum bhai, Am Fiyaz (Chennai), we submitted some document at the time of fraud declared but not sure how effecttive the document or file registered and therefor we haven't receive any communication and we are constantly on track with the affected people. I just gone through the message mentioned above so can you get us the latest update on it & let us know if any formalities or still to be given on.
ReplyDeleteThe money is very essential for us so please help, Inshallah allah may reward you in Akhirah for any kind of favor you did for us in this regards.
Thanks
Fiyaz.
walekum salam There is liquidation order from High Court of Bombay for Both companies City Limouzines and city Realcom ltd, If you want to claim your investment money, you have to submit claim petition with Xerocx copy of documents duly attested by Notary Public including claim petition. Though last date for submitting claims was 30/4/2013 as per paper publication notifications.
ReplyDeleteFirst Submit your claim petition to official liquidator attached to High Court of Bombay by making in back date. means before 30 Apr 2013 date only, as early as possible, if you want to claim your money. for making claims take the help of Local Advocate.
if you can not do than second option to you, take direction from high Court of Bombay to submit your claims. whichever is easy for you , do it accordingly.
Already Rs. 180 Crores released to official liquidator, First submit your claims
where you have submitted your documents, you can ask them what is to be done. I have clearly written in this topic. without putting claim petition , you will not get any penny because distribution and disposal of claims is under single window system to all India Investors that is official liquidator.
thanks
Thanks
Dear Walekumsalam just recently only some rs. 180 crores released to official liquidator and hope that other property and money will also be released soon and disposing of claim will start with in year. official liquidator staff is on their work in this regard.
ReplyDeleteThanks
Dear Sir, Needed some clarification. The original documents which we received from City realcom (in chennai) have been misplaced in transit when shifting to a different city. We however have the bank statement confirming the original amt paid to City Realcom Ltd by cheque. Pls let us know if there is any way to retrieve the original documents. Regards
ReplyDeleteFirst you put your claims than search your documents it is misplaced only as per your statement. At the time of disposal of claims you have to take originals to Official liquidator office.
ReplyDeleteSir, 1st of all I heartly appreciate ur great efforts towars this issues. I am from mumbai and having two file in City group and made all formalities of claim for outstanding dues. Sir message had come that some of Rs. 180 crores released to official liquidator of mumbai and other property and money will also be released soon in respect of disposing of claim. But I didn't receive anything. I have quarries that how can I came to know? Where should I do inquiry? If u have information then pl guide me. regards.
ReplyDeleteDear Order Copy on this blog is available. another movement they will start disposing claims they will give notice to you as per your claim address and for 6 months no distribution of money is going to take place. It is High Court of Bombay order. to start other formalty High Court has passed an order to Official liquidator in this matter. go through Order copy or personally go and visit official liquidator office at Mumbai.
ReplyDeleteDear Sir,
ReplyDeleteI just now got this news about disposal of the investors money. I am an ex service man and have invested about 3 lakh. Kindly guide me , now what should i do in order to file the claim.
sadanand Singh Kushwaha
Bangalore
Mob : 9448803087
Email: sadanand.kush@rediffmail.com
Dear Investor
DeleteLong back both the Companies has been ordered for Liquidation and it was published in different language news papers for depositing claims on 29 March 2013 even on T.V also it came and if you want to claim your investment money , you should have submitted you claim to official liquidator attached to High Court of Bombay. Last date for submission claims was 30/4/2013. But still you submit your claim petition to official liquidator as early as possible. Already Rs. 180 Crores has been released to official Liquidator by order of High Court of Bombay.
Hello
ReplyDeleteThere is one Form-66, template you will get on Ministry of Corporate Affairs website , that is to be drafted in the form of court petition, with this you have to attach your documents xerocx copy duly attested by Notary Public. Last date is already over so make the documents in back date and send it to Official liquidator attached to High Court of Bombay by post. Go through the procedure written on this blog by me and make your documents and send as early as possible.
Thanks
Dr.Zulfiqar Ali Khan
Advocate
High Court of Madras
Chennai- 104
Dear I do not hold anybody documents, you might have send your documents to official liquidator attached to high Court of Bombay. I have nothing to do with your investment. you contacted me for claims. some Rs. 200/- crores already has been released to official liquidator, you can contact official liquidator at above given numbers. I have no role in your money, I have contested numbers of cases against these companies from my pocket. latest order is also available on this blog. It will take minimum one year
ReplyDeleteThanks
sir, i am Hemanth kumar from Bangalore, can i submit my calim now.. please guide me.. Mobile No. (9886002182)
ReplyDeleteTAUFIQ ALI, I HAVE ALSO INVESTED MONEY IN CITY REALCOM AND NOT CLAIMED SO FAR NOT ANY THING PLEASE TELL ME WHEN CAN I CLAIM NEXT
ReplyDeleteDear submit your claim petition as early as possible by making in back date, there is no extension of date for submitting claim from High Court of Bombay, rest it is your investment money, you know better what to do . accordingly take steps.
ReplyDeleteRespected Sir,
ReplyDeleteI've had submitted my claim in June'2013 ( not back dated) even though when the last date for the submission for the claims was 30th April'2013. My claim form was delivered to the official Liquidator on 10th June'2013 according to Bluedart courier but I haven't received any official receiving confirmation from the liquidator yet. Is there any hope in my case of getting the claim when I've submitted the claim form late.
Dear do not worry, It is delivered to their office that is sufficient no need to send again.
ReplyDeletethanks
Dear sir, I have invested 100000 in citi limousines. can i submit the claims now
ReplyDeletesubmit
ReplyDeletesir any idea as to how much more time will it take for disbursement
ReplyDeleteDear Sir
ReplyDeleteMy Self anwar shaikh . sir i was claimed in 2010 in mumbai .should i claim again please guide me.
thank you
anwar
if you have submitted in 2010, where you submitted as I know in Dec 2010 order came for city Limouzines and March 2012 liquidation order came for City Realcom. If submit before order or after order you see that and do accordingly.
ReplyDeleteDear sir, I have invested in two cases in citi limousines approx 3 Lacs. can i submit the claims now
ReplyDeleteDear submit your claim petition as early as possible by making in back date, there is no extension of date for submitting claim from High Court of Bombay. Procedure is written above.
DeleteDear Sir,
ReplyDeleteI came to know about it today only,I know it is too late now .Can I submit my claim now also,is there any possibility to get my money back.I invested approx. 3 lacs.
Regards
Rakesh Prasad
Dear submit your claim petition as early as possible by making in back date, there is no extension of date for submitting claim from High Court of Bombay. Question of possibility I am no one to answer. But as I know Sufficient money available with Govt Agencies. You claim or not , it is your money and your choice, for investors welfare I have written on this as I contested number of cases against these companies. I have nothing to do with any individual claim.
DeleteThanks
Dear sir,
ReplyDeleteMy self Radhika Tandon m from Faridabad, Haryana I have not file any claim can I fill now where do I get the claim form and what is the procedure. Reply soon .. my email id is: roopkishoretandon@yahoo.com
Dear submit your claim petition if you want to claim your money, there is no extension of date for submitting claim from High Court of Bombay. Procedure is written above. you can go through Topic everything is clearly written.
ReplyDeleteThanks
Dear Sir,
ReplyDeleteWe have submitted the claim form on 27th April 2013. we have a receiving copy.
pls you have any update after this date. I mean what is the current status of liquidation order.
Regards
Mukesh
latest order copy is also available on my this blog, go through.
ReplyDeletesir, i have invested in city real com in 2008. only one chq got cleared. i have submitted the claim form on 09-06-2010. please guide me with the updates and what i have to do now to get the money back.
ReplyDeleteyou are the only hope now
Dear Sir,
ReplyDeleteI also invested in City Realcom & City Co-opeartive Credit Society and submitted all the document notorized as well with the application ( this application is already sent to EOW in 09 ) stating claim amount, but not used form 66. Am i eligible for the claim ?
EOW has no role in this liqudation order passed by High Court of Bombay and official liquidator is appointed by High Court of Bombay.so you should have submitted your claim to official liquidator if you want to claim your money. still submit your claim to official liquidator
DeleteDear sir,
ReplyDeleteI have invested in City Real com in 2008 & I have already submitted the claim form in June 2010. Could you please help & guide me how to get back my hard earned money.
Just now heard about the further claims procedure, do I still need to send my claim once again to Bombay High Court? Please guide me, you are the only hope now
Sir Please help me
Thanks
Dear in June 2010, there was no order from Court first order came in Dec 2010 for city limouzines and another order of liquidation came on City Realcom ltd came on 9th March 2012. how you deposited your claims and where you deposited claims before official liquidator attached to High Court of Bombay. where and when you submitted your claims ???
DeleteI have given you answer clearly to your question. your complaints in the City Commissioner Office & Economical Crime Branch in Chennai in 2009 has nothing to do with your claims. Liquidation has been ordered by High Court of Bombay. if you want to claim your money submit the claim to Official liquidator attached to High Court of Bombay. rest it is your money, your choice, I have replied your question clearly first time itself.
ReplyDeleteSir, We just came to know about your article. I had deposited around 2 lacs in city Limouzines Ltd. Please guide us how to claim it now. It looks like we are way past the deadline, but can we do anything about it. Kindly help us here.
ReplyDeleteDear submit your claim petition as early as possible , there is no extension of date for submitting claim from High Court of Bombay. Procedure is written above. though official liquidator still accepting the claims.
ReplyDeleteDear Sir,
ReplyDeleteHappy Holi. I have submitted my claim on 22 Apr 13 after consulting with you on phone to Official Liquidator through speed post. But till today I did not get any information regarding the received of subject document. In one envelop, I have submitted two claim. I shall be thankful if any information regarding receipt of document and progress of the case in positive direction be intimated. My speed post no ED696532588IN dated 23 Apr 13.
Dear thanks for Holi wishes same to you. You should have checked from Speed Post website for its delivery. I am Advocate , give suggestions not doing post office work, so get it checked from Post office for its delivery and take delivery slip from Post office that is sufficient.
ReplyDeleteThanks
Dear Sir,
ReplyDeleteI surf this page today on 18-03-2014 and came to know regarding solution after fraud by M/s Realcom, is there with you. My case as I invested RS 1,29,010.00 dated 03-02-2008 and get return back monthly @ Rs 7775.00 for 15months to Rs1,16,625.00. So, May i approch you for get refund for balance principle.
Balbir Singh
Dear sir you submit your claim petition to official liquidator. I have no role in individual investment.
Deletesir ,, what's the progress of the city realcom case ? . i had submitted the file but i don't know about my file,whether it will be selected or not ? . please tell me how can i check my name in claim list ...
ReplyDeleteabheysinghrao@gmail.com
If you send your documents by way of speed post, registered post and through Courier, you can check for its delivery. If you want to check your name than go to official liquidator there is one register from which they gives inward number you can check in that register, no such list on internet.
DeleteDear Sir,
ReplyDeletewe have to fill form 66 for all 3 companies i.e. city limouzines , city realcom & City co-operative credit society in one form or all 3 forms separately ? Moreover I just want to confirm do we need to mention all share certificate numbers. folio number , and issue date and due date etc on form 66 or we just need Xerox copy of those papers duly certified by notary will suffice ? there is no wind up petition against co-operative society so in which case number we have to claim that money ?? Moreover as mentioned on form 66 that it has to be filled by advocate or authorised person on investor behalf not by investor himself. Please clarify. Also can u post one sample duly filled form 66 for guidance ?
Regards
Investor has to file his claim, Advocate or authorised person not required in this matter. you have to submit claim for city limouzines and city realcom ltd, rest meet any local Advocate he will draft petition as per your documents. details are given here above with regard to Company petition number and order date. I do not provide any drafted petition.
DeleteDear Sir,
ReplyDeleteThanks for your guidance, I have submitted my claim to the Official Liquidator.
Do I need to do anything more?
Regards
Balaji K
one time only claim to be submitted that is sufficient on part of investor.
DeleteDear Sir,
ReplyDeleteI didn't know any information regarding this?
Can i claim it now?
submit claim
ReplyDeleteSir any idea in case of shriom sainath car on rent pet :343/11 pls let me know. Sunil Shanbhag mob :9821310063 email: sunildoc2002@yahoo.com
ReplyDeleteDear I am going a write on this matter with in one or two days because this Company is under liquidation and i have lot of information in this matter.
Deletesir.....if Rs 180cr realesed to official liquidity then when we supoosed to get our claim money back?pls kindly replay
ReplyDeleteTill all the money and property released to official liquidator, which is held by different agencies and at different places. it will not be distributed to claimant.How much time it will take, can not say , but hope for early disposal.
ReplyDeleteDuring Jan-Feb.-13 I shifted my residence to another place & during transit I misplaced my documents & hence couldn't submit claim. Now after more than a year
ReplyDeleteI managed to get the docs. Is it possible to submit a claim now? How can I submit the claim with backdated stamp paper? Please advise.
Dear Investor I have not mentioned any where Stamp Paper. Stamp paper is not required at all in this. One Petition is to be drafted in the Court Affidavit Format or in the Form of Form-66 of Company Liquidation claims. It is to be Made on Simple Green Legal Paper. Submit claims, If wants to Put Claim.
Deletesir could you please brief on how to submit form no.66.what all things i should do to put on a claim. it would be very helpful of u if u would advise me what to do and where to go,i reside in mumbai(virar) and spend my life's hard earning in this. please sir help me out
ReplyDeleteDear Investor you are from Mumbai, Visit official Liquidator office they will help you and taken claim petition format from them.
Deletesir i went to the official Liquidator office,took the form from there and asked them the format to fill it. now my question for you is that, i have invested in 4 realcom and 2 city limouzine scheme.so shall i file the petition differently as in fill 6 forms n do notary differntly or just fill two forms, one for the 4 realcom and one for the two city limouzine .. i asked this to the person over there also, and and they said i can file all the ralcom in 1 form but other one said file it differently... and one person said that, if i file the petition now toh i will have to hire an advocate, and will have to pay the late submission fee whatever that the court orders for as claim submission last date was 30/4/2013.... and if i don't want to go through this then get an old dated notary done which should be befor the last date of submission and for this he said he will charge rs1500 per file......... please help with your advise what should i do
DeleteSeparate claim to be made for each file with covering letter all files can be deposited
ReplyDeletetogether, Other things correctly written, with regard to charges I can not say anything , It depends Advocate to Advocate
sir i have alredy send my all docu issued by city realcom ltd by regd post and write an application to high court date mar 2014 sir now i read your blog please advise me now what i can do? date is over.please help me.
ReplyDeleteIf you have Submitted your claim petition before official liquidator attached to High Court of Bombay.
ReplyDeleteplease waite some more time when process will start of disposing claims, they will inform to you at your address which you have given in claim petition.
Dear
ReplyDeleteNo both are different company. City Limouzine and City Realcom Ltd has nothing to do with AIM LIMOUZINES INDIA.
dear sir,
ReplyDeletei have invested the amount of city limouzine an city realcom ltd in 2009.how to claim the money. please tell me the processor .
sps nirwan
IS THERE IS AVAILBLE TO FORM 66
ReplyDeleteThis Ready made Form -66 may be available with the office of OFFICIAL LIQUIDATOR attached to High Court of Bombay. Template is available at Ministry of Corporate Affairs website. Procedure for claiming is written on this blog you can go through.
DeleteSir, Pls Tell Us When Will Get our Money Back
ReplyDeleteDear Sir,
DeleteIt within will take time, I hope within 9 to 12 Months time frame, Investor should get their money back, those submitted their claims.
I am one of those who lost hard earned money in City Limouzines India Ltd. by way of debentures.When the company failed to pay their investors, The Economics Offence Wing of the Police dept,Govt Of Tamil Nadu started action; and I submitted my claim to the EOW . Shoukld I again submit cliam toi the OL at MKubbai now.
ReplyDeletehere is liquidation order from High Court of Bombay for Both companies City Limouzines and city Realcom ltd, If you want to claim your investment money, you have to submit claim petition with Xerocx copy of documents duly attested by Notary Public including claim petition. Though last date for submitting claims was 30/4/2013 as per paper publication notifications.
DeleteFirst Submit your claim petition to official liquidator attached to High Court of Bombay by making in back date. means before 30 Apr 2013 date only, as early as possible.
EOW Chennai or any EOW has no role in liquidation and disposing of claims.
Dear Sir,
ReplyDeletei was searching this kind of procedure from very long time. my dad invested more than 2 lakhs in this scam and he is IAF and due to his job was reluctant in filing the claim or pettition. Is it still possible that i can file the claim with back date and submit the same as advised by you . Can you please send me the FORM 66 and other format . my mail id is rakesh8403@gmail.com
thanking you in anticipation
Dear your father serving in Air Force, Who stop him from depositing claims. It is your money if you want to claim, Still you can submit by making claim petition in back date means before 30/4/2013 date. This Form template is available on Ministry of Corporate affairs website, get it drafted in the form of court petition format. I do not send any draft petition to any investor.
ReplyDeleteassalam wa alaikum,
ReplyDeleteDear Sir, i have come to know about this just now only. i had invested for three accounts in city limouziness, and regarding claim procedure i was not aware and didn't got any information how to do the claim, please sir can you help me out in this matter, as your blog showing last date of file petition is already over, After the scam found, i have inquired to city's office but didn't got any response and after that office also closed ( grant road office ) please suggest me what to do in this should i contact to above mentioned Official Liquidator, or Should i have to give any petition to mumbai high court? Today only i saw this blog and saw the option of giving petition to high court. Please guide me what steps i will have to now to get the money. or may i contact you on your mail. please do the needful.
jazakallah shukran
Walekum Salam
DeleteDear I think you are from Mumbai, You can visit official liquidator office at MG ROAD, My opinion there are two ways Either you take permission for condoning delay in filing claims from High Court of Bombay or make your Claim petitions in back date and get notarized all documents and Claim petitions from Notary Public of Govt of India before 30/4/2013 date and send it by Speed post / Registered post to official liquidator attached to High Court of Bombay. Whatever feasible to you , you can proceed.
When the money will get back i hv submitted petition form in last 2 yrs back reply sir...
ReplyDeleteYou go and ask to official liquidator, he can tell you estimated time, but in my opinion it should take 8 to 12 months maximum. Rest official liquidator only can tell.
DeleteHello Zulfiqar sir,
ReplyDeleteFirst of all thank you very much for all your supports and dedications to thousands of inverstors who has lost their hard earned money.
I too had invested 3 Lakhs in City Realcom, and had lost the hope whether i got the money back and only today i got to know from souces that there are still some hopes where will get our money back.
I request all of you, if any one can suggest me the local advocate in Mumbai who has already associated with this cordination so i take his help to submit my claim in backdate as suggested by Zulfiqar sir.
My email: amit_2478@rediffmail.com
Mob: 7774079400
Thank you in advance.
Best Regards,
Amit Kumar
dear sir,
ReplyDeletei have invested the amount of city limouzine an city realcom ltd in 2009.how to claim the money. please tell me the processor .Sunit jain M;- 09873414862
Dear investor in starting itself Procedure is written and another topic is also written on this blog , Please go through
DeleteOne more question. I had visited the office of the liquidator during 2011 and when the official liquidation for city realcom was not effected. I had collected a green form from them., but there is no mention of the form no. on the same. Do I use the same one. The form 66 you mention says Highcourt Chennai whereas the one I have refers to high court Mumbai. I am confused which form I should use. Kindly advise
ReplyDeleteThanks so much for the very prompt response. Can you please share the link to download the correct form 66. Would really appreciate that. I plan to visit a local lawyer to process it tomorrow itself with a back date if he agrees. The form I received from the official liquidator was taken in 2011 and am not sure if it is current.
ReplyDeleteHi sir this is kiran from hyderabad as we came to know that the mumbai high court has finally given an order on city limouzines and city realcomm comapanies to the official liquidator to claim the amounts of the investors
ReplyDeleteas they have recovered 180Cr from the companies is this statement true please give us the information and do the needful.
Dear Investor, High Court of Bombay passed an order of liquidation and appointed official liquidator attached to High Court of Bombay and released cash and other property and another cash of approximately 350 crores is pending due to Bombay High Court not having jurisdiction that also I hope it will be released to official liquidator after that those who have submitted claims that will be disbursed as per High Court of Bombay order.
ReplyDeleteDear I think you are from Mumbai, You can visit official liquidator office at MG ROAD, My opinion there are two ways Either you take permission for condoning delay in filing claims from High Court of Bombay or make your Claim petitions in back date and get notarized all documents and Claim petitions from Notary Public of Govt of India before 30/4/2013 date and send it by Speed post / Registered post to official liquidator attached to High Court of Bombay. Whatever feasible to you , you can proceed
ReplyDeleteDear Sir i have filed the documents but on 15th June 2013 so do i need to file again with back date please advice. Also the place where i use to stay is under redevelopment so i dont get any documents on that add so please advice what shall i do to change add.
ReplyDeleteDear No need to file another claim. with regard to address if you have docket number than you can send application for change of address.
ReplyDeleteHello Zulfiqar sir,
ReplyDeleteFirst i would like to you say thank you very much for all your supports and dedications to thousands of inverstors who has lost their hard earned money.
i have invested the amount in city realcom .i have filed my documents .but just i want to know when will going to complet this process and when we will get back our money
Thank you
ganesh bodake
Respected Sir, I would like to know a rough idea about how much of amount has been released to the official liquidator till yet and what amount has been claimed by the investors in total.
ReplyDeleteDear sir approximately rs.300 crores and 150 acres of land at Pune has been released to official liquidator another some rs. 350 crores pending hope to get it released within 3 months. How much amount have been claimed by investor that I do not know.
DeleteThanks
ReplyDeleteHello Sir,
ReplyDeleteI am also one of the investor who have lost money in City Limouzines. as the time went on we lost the track of this and just came across this blog today. I have registered a complaint in EOW with chennai branch regarding the same in 2010 . I would like to know where i can submit my proceedings to claim . You advise would be of great help.
All have to submit their claim petition to only
DeleteOfficial Liquidator
(Attached to High Court of Bombay)
Bank of India Building, 5th Floor,
Mahatma Gandhi Road
Mumbai-400 023
Dear sir,
ReplyDeleteI am Shoaib Mohammed from Hyderabad, I have invested my money in 5 scheme in city limouzine among 3 persons in the same family. I had invested from the year 2007-2009, from 2009 my cheques have been bounced. I also have the documents and share certificates issued by them.
I want to ask you that how to claim for the one, should I file a single claim for all the five investment or partially and should send one form 66 or multiple.
Is there any fees to be send by the courier along with the form 66 or not, if it is then how much?
I have downloaded the form from the below given link please check it,
"http://www.mca.gov.in/MCA21/dca/downloadeforms/Download_eForm.html".
If the above shown form is not correct please notify me in your reply,
I also wanted to ask you that whether I can file the claim on mu own or should I take any help from a local lawyer.
Please give me your opinion it's very much valuable for me.
Thank you
Khudahafiz
Shoaib Mohammed
Dear this is not form-66 it is for company returns, it has to be drafted in the format of court petition . Last DATE was 30/4/2013 so if you want to submit your claim you have to make your claim petition before 30/4/2013 date and all the supporting documents has to be attested by Notary public before 30/4/2013 date including your claim petitions. seprate claim petition has to be made for each file , with covering letter you can send all files together. court fees rs. 5/ to be affixed on petition and rs. 10/- notary stamp on each petition. rest any doubt send mail to my id zulfiqar1971@gmail.com
Deletehe south Mumbai district consumer forum in its recent orders directed the directors of two finance companies -- City Realcom Ltd and City Limouzines Ltd, to pay back the invested amount to 10 investors, after the complainants had approached the consumer forum. The forum has ordered the two finance companies to pay approximately Rs4.5 lakh along with the compensation cost of Rs8,000 toward the delay and litigation cost of Rs2,000 to the investors.
ReplyDeleteThe two finance companies were in news from 2009, when the firms had allegedly duped investors by floating Ponzi schemes. The Economic Offence Wing (EOW) arrested the two directors, Gita Rajaki and Masud Khan, in 2012 and both are behind bars.
In 2011, 10 investors from Mumbai and Nasik, had approached the consumer forum pleading them to direct the firms to pay back the promised amounts along with the compensation for the lapse. According to the complainants copy, the firms had promised the investors to pay huge amount of returns if the investors engage their money with the firm.
The consumer forum in its orders maintained, "According to the complainants, they had engaged their hard earned money and accordingly, had invested in the schemes, however, the company duped their money."
The forum after going through the complaint has issued a notice to the two directors and had asked them to file their replies, however, none of them responded to the notice. Hence, as the complaints were unchallenged, thus the forum ordered the two firms and their directors to pay an approximate amount of around Rs4.5 lakh to the complainants along with compensation of Rs8,000 towards the delay. The forum also directed the firms to pay an additional amount of Rs2,000 towards the complainant's litigation costs.
Dear Investor, I know these orders very well and order copy is also available on this blog.
DeleteConsumer Forum orders directed the directors of two finance companies -- City Realcom Ltd and City Limouzines Ltd, to pay back the invested amount to 10 investors, after the complainants had approached the consumer forum. The forum has ordered the two finance companies to pay approximately Rs. 4.5 lakh along with the compensation cost of Rs.8,000 toward the delay and litigation cost of Rs 2,000 to the investors.
Whether any director have the capacity to pay the money. Money is under the custody of court.
Whether Consumer Forum can force its order against closed company. Consumer form is not a Court. Once Liquidation order passed by High Court of Bombay against these Companies and these Companies are under liquidation, Only Official liquidator is authorized by High Court of Bombay to disposed the claims. As order passed by High Court of Bombay to handover the money which is with EOW Bombay approximate Rs. 180 crores to official liquidator.
What you want to do next filing complaint before Consumer forum or not and other places, It is your matter, take advise from your Advocates that will be better. I give advise on those matter where I have contested the matter or dealing with matter.
Thanx for sharing information. This blog is very informative. and I would like to see some more blogs on this topic.
ReplyDeleteProperty Matters Advocate
Thanks Dear Brother Advocate, you are welcome
DeleteDear Mr Zulfiqar,
ReplyDeleteFirst and foremost I would like thank and appreciate your dedicated and sincere efforts to enlighten all the concerned investors in the case. I am also one of the investors in this company from Hyderabad. I would like you to update us the present status of the case. Does the properties attached with EOW Hyderabad and Chennai transferred to Official Liquidator? Please enlighten with whatever updates you have.
Regards
Dear investor what information i have providing, can you name any investor with mobile number of Omsainath who got cheque, because i have number of known people who invested in Om sainath. thanks
ReplyDeletesir i had submitted my claim to liquidator in 2012 but i had not received any message
ReplyDeletetill now, please advise me what to do now . my mobile no. is 9496521341
Have you submitted your claim before order or after order. If before order than it is not valid , if after liquidation order you have submitted than it is valid, need not to do anything just waite some more time. Hope claims will be disposed early.
DeleteSir,
ReplyDeleteWe have submitted our claims on 29.04-2013, no reply or information is received till date? Shall we send it again?
Waite some more time, there will be early disposal of claims hoping within 6 to 9 months Maximum.
DeletePlease help me sir my no. 9881998053
ReplyDeleteWhat help you want from me you can mail me zulfiqar1971@gmail.com
DeleteThank you sir, I was lisson that in hyderabad some people have got notices.
ReplyDeleteSir, need to change my correspondence address then what was submitted in the claim form
ReplyDeleteHI MR ZULFI KINDLY LET ME KNOW IF WE FILE AN RTI TO KNOW THE LATEST UPDATE ON EXECUTION OF INDIVIDUAL CLAIM BY OFFICIAL LIQUIDATOR MUMBAI. SECONDLY THE CLAIM I HAVE FILED ,THE ACKNOWLEDGEMENT CARD HAS NOT BEEN GIVEN ANY INWARD NUMBER. JUST THE STAMP OF THE REGISTRY IS PUT ON THE SELF ADDRESSED POSTCARD. IN THE ABSENCE OF THE SAME HOW DO WE TRACK OUR CLAIM. ANXIOUSLY WAITING FOR UR REPLY. AN AGREIEVED INVESTOR
ReplyDeleteDear sir
Deletei am in Delhi due to death of my mother, I will reply you through mail after getting time.
Do not worry . Still forms are accepted. The procedure is as stated by our advocate friend. Go ahead and file your claim for each file separately
ReplyDeleteDear Adjudication Started to claimant investors, and what you said that forms are accepted, they have not stopped receiving claims , but you have to get your delay condoned from High Court of Bombay, so better make your claims in back date before 30/4/2013 date and after Notary Public signature you send by speed post. As per Adjudication Notice, I have copy of Adjudication Notice, official liquidator clearly states that subject to condonation of delay by High Court if your claim has been filed after 30/4/2013.
DeleteSo I suggest make claims in back date get attested from Notary public, Put Rs. 5/- court fees on that and send by speed post with A/D card and one post of self address inside cover by pasting Rs. 5/- postal stamp.
Hi Sir,
ReplyDeleteMy dad is Investor of City Realcom can I raise claim now and what is the procedure?
Please assist me.
Dear submit your claim petition (Form-66) or affidavit of proof of debt (Court Petition) along with documents xerocx copy duly notarised by Notary Public and send by speed post to official liquidator High Court of Bombay.
DeleteDear Zulfiqar,
ReplyDeleteAccept my heartfelt condolences. May Allah bless your mother & grant her the highest place in Jannah & patience to the deceased family members.
You are doing a very great job by assisting & replying to queries of all the city limousine investors. May you be rewarded for this in the hereafter.
I am from Bangalore, working in KSA. Even I had invested in city limousine scheme. Recently I came across your blog through google. So far I haven't submitted any claims. Due to work contract, I will be in India in last week of July-15. How can I submit my claims from Bangalore? what documents required? Should I process the papers ( notary) from Bangalore or should I go to Bombay?
Kindly advise as am already late in this matter.
Your reply in this regard is highly appreciated.
regards,
Naseem Pasha.
Sukriya Janab
ReplyDeleteNow Admission Notice process is going on. You can make your claim from any part of country or through any Advocate/ Legal office. you can send your claims by speed post. Better you send me mail,zulfiqar1971@gmail.com, I will reply all your points.
Sir,
ReplyDeleteGreetings to you, Your blog is very informative and helping all the Investor in a Right Direction.
My query is I am holding two investment form of City Realcom @ Rs.139010 and enchased only two cheques each. So need to know from you that what claim amount should I mention in the affidavit.
Secondly I got all the photocopies of the Post Dated Cheque / MOU / Receipts etc. not able to trace the Original, Will it be a issue further . Need to have your opinion on these two points.
Dattatray Redekar
IN THE SUPREME COURT OF INDIA
ReplyDeleteCRIMINAL ORIGINAL JURISDICTION
CRLMP. 3182-3197/2015 & 3198-3213/2015 IN &
TRANSFER PETITION(S)(CRIMINAL) NO(S).425-440/2014
SAYEED MOHD. MASOOD @ SAYYED M. MASUD --- Petitioner(s)/
Applicant(s)
VERSUS
STATE OF MAHARASHTRA AND ORS ---Respondent(s)
O R D E R
Crl. M. P. Nos.3198-3213/2015 (Applications for impleadment) are allowed.
Heard the parties.
Having regard to the stand of the respondent No.1/State of Maharashtra and Respondent No.5/Directorate of Enforcement and taking note of the fact that in all the pending cases, which are pending in different States, namely, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh and Rajasthan and New Delhi, where the petitioner is facing trial in numerous cases, we notice that the parties are in ad idem that all cases pending in the States other than Mumbai can be consolidated and transferred to the Court of Principal Sessions Judge, PMLA Special Court, Bombay City & Civil Sessions Court, Greater Mumbai.
Sir
ReplyDeleteToday only I got to know about City Luminous claim of Money. I know it's too late but is there any chance I can claim my money back. reply as soon as you can Sir, and do guide me through the same.
Dear Investor
DeleteSubmit your claim petition as early as possible , still you can file irrespective of last date.
Sir
ReplyDeleteToday only I came to know about City Luminous claim of Money. but till date I am not submitted any claim document, Please let me know is there any chance to claim now ?
I will very grateful. My Mobile No 99640 23849 .M y email Id is nagaraj.ts22@gmail.com. Thanks
Dear make your claim petition by making documents in backdate and submit as early as possible.
DeleteDear Sir,
ReplyDeleteIs it true that all investors in City Realcom and Limouzines will get the full refund of their investments in the preference shares of these companies and nothing will be deducted?. Kindly reply.
Dear It is not all investors, Those who have submitted their claims to official liquidator office, high Court of Bombay , only will get there claims disposed by official liquidator High Court of Bombay.
DeleteThose not submitted their claims, official liquidator has nothing to do with those investors.
Then when we will get claim of money it was too late i filled the petition from at 2years back..
ReplyDeleteDear Where you submitted your claim petition , you ask them , They can only answer your question, I have nothing to do with anyones claim, only legal advise i can give you on this subject.
DeleteSir, any latest update, already tired of this bindings...
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteDear Sir
Deletewait some more time, I myself have not received admission notice till date but i hope it will come within 2 to 4 months time. i am sure, I understand your problem very well, I also come from defence background.
Sir I and my relatives have invested in city limousine and realcom in different schemes in the mid of 2007 and in the year 2009
ReplyDeleteand because of the closure in 2009 we have suffered badly. We recently came to know through your blog that we can still submit the claim form to the lquidator office and subsequently obtain condonation of late submission from the homourable High court. We have approached a local high court advocate, he is asking for Rs 5000 per application to get condonation of late submission from high court and he expects to get the condonation within 4-5 months. Kindly advice is the cost per file and time frame genuine?
Hello I wrote two options one to make documents in back date that option you should have tried.In a family if three four members are investors than minimum 20000 gone. if both the companies you invested than two petition has to be filed for each investors one city limouzines and one for city realcom ltd. you ask the Advocate whether he can file petition for an association in same amount. I have registered association. Time it will take minimum 4 to 6 months but no surety. Per file it is very costly as per me if you have 10 files than 50000 is gone. Better make the documents in back date and submit by speed post, if any problem in making documents in back date contact me, I can arrange from here Chennai. Rest your money and your choice. Now Adjudication of claims is in last phase.
ReplyDeletehello I in simple language written make your documents in back date and get notarization of documents including claim petition before 30/4/2013 date. if any problem send me mail to my id zulfiqar1971@gmail.com. you need to worry with regard present date of receipt, main is date in side your documents and notarization of documents. rest your choice. every thing possible.
DeleteSir
ReplyDeleteI m mani Sharma. I invested in the city group in 2009. Now only I m coming to know that there are chances to recover my money. How to do it and pls help me as my hard earned money is stuck
Dear Investor
DeleteThere is liqudation order from High Court of Bombay for Both companies City Limouzines and city Realcom, If you want to claim your investment money, you have to submit claim petition with Xerocx copy of documents duly attested by Notary Public including claim petition.
First Submit your claim petition to official liquidator attached to High Court of Bomaby by making in back date. means before 30 Apr 2013 date only.
if you can not do than second option to you.
Or
take direction from high Court of Bombay for condone delay of 2 years 10 months period to submit your claims as last date was 30 Apr 2013, which is easy for you , do it accordingly.
Thanks
Dear Sir, I invested money in Delhi Nehru Place Office in 2008 - 2009 got some money back also. I also send claim application with notarized attested all papers via registered post but my application returns after 1 months. Is it possible to file claim application and any hope to get some or any money. Atul Pandey Adv. Mainpuri U.P. 205001 email id gcgdipa@gmail.com 09411061626 Thanks
ReplyDeleteDear Adv Atul Pandey, when you send your claim petition duly notarised to official liquidator and it came returned after one month time. It can not be because it is government department as you also know. No problem again you send claim petition to official liquidator (ATTACH to High Court of Bombay) , 5th Floor, Bank of India Building, Mahatma Gandhi Road, Fort, Mumbai- 400 023. If you submit your claim , sooner or later you will get money back.
Delete