Jaiprakash Associates / Jaypee Group – Non payment of FD amount upon maturity

Jaiprakash Associates / Jaypee Group Reviews & Complaints

Reported By: juhi.loud

Contact information:
Jaiprakash Associates / Jaypee Group

I purchased two fixed deposit as detailed in attached file. The same was produced /deposited in their office on 28.07.2015 for repayment. We did not receive the repayment so far. As per fixed deposit terms and conditions, accruing of interest @12.5% ceases on 31.07.2015 and amount was due for repayment on 01.08.2015. Since they failed to repay me on 01.08.2015 due to their own financial constraints not attributable to me in any manner, I’m entitled to get interest on my maturity amount for the period exceeding beyond 01.08.2015.
It is therefore requested that they kindly repay me Rs 81, 322/ -(Maturity Amount) along with Interest @12.5% on amount 81, 322/- for the period beyond 01.08.2015.
From 01.08.2015 till date numerous reminders through e-mail and phone calls made for repayment. Every time we called their office via phone for repayment date we were told some future dates that never realised. they never committed any thing in writing, neither about date of repayment nor about rate of interest on maturity amount. Due to this long delay and repeated failures of their own commitment, we started losing confidence in you.

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