M/s Plethico Pharmaceuticals – did not make payment

I made Fixed Deposit of Rs.10 Lakhs. with the Company M/s Plethico Pharmaceuticals Ltd., based on the recommendations by the Brokers, M/S Bajaj Capital Ltd., My Fixed Deposit R No: 10267 Acct. No: 011172 dt. 02/08/2011 for Rs.10 Lakhs. matured on 01/08/2014. The Principal amount has not yet been refunded by the Company M/s Plethico Pharmaceuticals Ltd.,so far. The Company did not make payment of Rs.84,375/- of interest on FD from 30/06/2014.onwards.The Company is not responding to all my Registered Letters & E-Mail messages.
The Brokers, M/S Bajaj Capital Ltd., are not in a position to help.
I made complaint by Registered Post to …
Sh. J.N. Tikku (ROC Gwalior ) 3rd Floor, ‘A’ Block, Sanjay ComplexJayendra Ganj, GwaliorPhone: 0751-2321907Fax: 0751-2331853 [email protected] But so far no action appears to have been taken on the Company by ROC.

4 thoughts on “M/s Plethico Pharmaceuticals – did not make payment”

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  1. Hi,

    pls share your number or get in touch with me at below cell…i m also investor like you

    Thank, Sunny
    91-8800195868

  2. This is a case of misappropriation of Public money. How can a profit making company in a pharma sector become bankrupt after taking deposits from Public? the company’s share commanded considerable price in the market when we placed deposit. this case should be investigated by financial crime investigation cell. We all depositors should write to the Prime minister, finance Minister and the Minister of Company affairs. the case of Plethico Pharma is similar.all such depositors can come together for common action. Pl.inform your details like address, Deposit details.

  3. This is a case of misappropraition of Public money. How can a profit making company in a pharma sector become bankrupt after taking deposits from Public? the company’s share commanded considerable price in the market when we placed deposit. this case should be investigated by financial crime investigation cell. We all depositors should write to the Prime minister, finance Minister and th Minister of Company affairs. the case of Plethico Pharma is similar.all such deepositors can come together for common action. Pl.inform your details like address, Deposit details.

    1. I agree and my mother also deposited in both Plethico & Elder based on Bajaj Capital’s advice but even after maturity of the FD, both companies are not responding. I can be reached on 09845744668 and we can take a collective action by writing to PM, FM.