HOW TO FILE CLAIM OF STERLING TREE MAGNUM (INDIA)LTD HOW TO FILE CLAIM OF STERLING TREE MAGNUM (INDIA)LTD

7 months ago

I PURCHASED TWO TREES ON 28.11.94 VIDE CERT. NO D6951 APP NO G113976 WITH ITS MATURITY DTD 27.11.2014 ,TILL DATE NO RETURN PARTED WITH I UNDERSTAND MATTER GONE TO LIQUIDATION. HOW TO LODGE MY CLAIM

Anik

Responded 7 months ago

View All Answers
A.Dear Client,

I understand your concern regarding the two trees you purchased on November 28, 1994, as evidenced by Certificate No. D6951 and Application No. G113976. It appears that the maturity date for these investments was set for November 27, 2014, and you have not received any returns on your investment. If the matter has gone into liquidation, there are certain steps you can take to lodge your claim:

Review Investment Documents:
Start by reviewing all the documents related to your investment, including the purchase certificate, investment agreement, and any other relevant paperwork. Ensure that you have all the necessary details and records of your investment.

Contact the Liquidator:
Find out who the appointed liquidator is for the entity or scheme in which you made your investment. This information may be available through public records or by contacting the relevant regulatory authority, such as the Securities and Exchange Board of India (SEBI) or the concerned state government authority.

Submit Your Claim:
Prepare a formal claim submission to the liquidator. The claim should include all relevant details of your investment, such as the certificate number, application number, date of purchase, maturity date, and the amount of your investment. Attach copies of all relevant documents to support your claim.

Follow Liquidation Proceedings:
Stay informed about the progress of the liquidation proceedings. The liquidator will evaluate all claims and assets of the entity or scheme in liquidation and distribute the proceeds to the claimants according to the established order of priority and the available assets.

Seek Legal Advice:
If you encounter difficulties during the claims process or if you have concerns about the fairness of the distribution of assets, consider consulting with a legal advisor who specializes in financial and investment matters. They can provide guidance on protecting your rights and interests.

Stay Informed:
Keep yourself updated on any developments in the liquidation process by regularly checking for announcements or notices from the liquidator or the relevant regulatory authority. It's important to be aware of deadlines and requirements for filing claims.

It's essential to act promptly and diligently in pursuing your claim in a liquidation scenario. The outcome of your claim will depend on various factors, including the assets available for distribution and the order of priority for claimants. Seeking professional legal advice can be beneficial in navigating the complexities of the liquidation process and ensuring that your rights are protected.

Please note that the specific procedures and regulations regarding investments and liquidation may vary depending on your jurisdiction and the nature of the investment scheme.
Thank you.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 7 months ago

View All Answers
A.Dear Client,

I appreciate your gratitude and trust in seeking legal advice. Based on the information you have provided, I understand that you are facing a complex situation regarding a will deed executed by your late brother, which was allegedly changed by his family in 2002. This has led to disputes among the beneficiaries, including yourself. I will provide some general guidance:

Challenge to the Will Deed:
It appears that you are challenging the validity of the will deed executed by your late brother in 2002. To do so, you will need to follow the legal process prescribed in your jurisdiction. Generally, this involves filing a legal suit or petition to contest the will. You mentioned that a civil suit was filed in 2002, and it's important to ensure that this matter is actively pursued in court to protect your interests.

Beneficiary Payments and Lok Adalat Settlement:
If the beneficiaries have already received payments and there was a settlement in a Lok Adalat in 2006, it is essential to determine the terms of that settlement and whether it was legally binding. If you believe that the settlement was not conducted properly or was obtained under duress, you may need to challenge its validity.

Notices to Legal Heirs:
It is crucial to ascertain whether proper notices were served to all legal heirs when the will was executed, and during any legal proceedings or settlements related to the will. Failure to provide proper notice to legal heirs can have legal implications.

Forgery Allegations:
You mentioned concerns about forged witness signatures. If you suspect forgery, you should gather evidence to support your claim. You mentioned applying for documents under Section 76 of the Indian Evidence Act, 1872. This can be a useful step in obtaining relevant evidence for your case.

Legal Representation:
Given the complexity of your case and the potential legal issues involved, it is strongly recommended that you engage the services of a qualified attorney who specializes in estate and property law. They can review the specifics of your case, advise you on the best course of action, and represent your interests in court.

Stay Informed:
Stay actively involved in your case by regularly communicating with your attorney, attending court hearings, and providing any additional evidence or information that may be relevant to your case.

Please remember that the legal process can be lengthy and complex, and outcomes can vary depending on the specific facts and circumstances of your case.
Thank you.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconUnfreeze
Dear Client, Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
question iconFor bank loan
Dear Client, the loan amount must be repaid by the legal heirs of the deceased or the nominee by the deceased if the assets would be frozen by the bank. there is no other legal remedy to non payment
question iconBankruptcy and Debt
Dear sir, You may join any reputed NGO and render your personal service where you can get at least free accommodation and boarding.
question iconStrong Legal Notice--Recovery of amount
Dear Client, Unfortunately, there are no legal remedies for illegal issues. A contract for an illegal purpose is void from the beginning and in case such an illegal act is revealed from any source, bo...
question iconBajaj Fin Overdraft loan default
Dear Client, A borrower of a loan or debt is held liable personally for his or her debt for non-payment of the outstanding amount of the loan. Once the repayment of the loan stops or bounces for cons...