Plethico Pharmaceuticals – Non Payment of Matured FD’s

I am finally planning to take up legally by filing case against Plethico Pharma non payment of FD. Any body interested in joining can contact Balaji at 01142870318

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  1. http://pkpandya.com/section-74-repayment-of-deposits-etc-accepted-before-commencement-of-this-act/

    If a company fails to repay the deposit or part thereof or any interest thereon within the time specified in sub-section (1) or such further time as may be allowed by the Tribunal under sub-section (2), the company shall, in addition to the payment of the amount of deposit or part thereof and the interest due, be punishable with fine which shall not be less than one crore rupees but which may extend to ten crore rupees and every officer of the company who is in default shall be punishable with imprisonment which may extend to seven years or with fine which shall not be less than twenty-five lakh rupees but which may extend to two crore rupees, or with both.

    Chief Judicial Magistrate at District and Sessions Court at Gwalior, Madhya Pradesh Prosecution filed under section 74(3) vide case number 1627/15 dated 05.03.2015

  2. mk sridharan

    WHY ROC GWALIOR APART FROM FILING IS SIMPLY KEEPING QUIET.
    CJM GWALIOR IS ALSO NOT REPLYING TO LETTERS.

  3. Is there anyone who can take up with CJM Gwalior with regard to this.
    Anyone in Gwalior or nearby can enquire or ROC Gwalior can be contacted in person and let everyone know the detail. It is not known why ROCGwalior is not proceeding and insisting on the case filed by them.

  4. Hi, I have two deposits With Plethico pharmaceuticals. which have not been refunded from 2013 .
    What is the best course to take?

  5. Dear Balaji,

    Yes. I would like to join hands in filing case against Plethico Pharma for non payment of Fixed Deposit amount.

    By the way, I registered a complaint with Ministry of Corporate Affiairs few days back. They “closed” the case with the following remarks:

    Prosecution filed under section 74(3) vide case number 1627/15 dated 05.03.2015 and for further information you are requested to approach Chief Judicial Magistrate at District and Sessions Court at Gwalior, Madhya Pradesh.

    Prem Prakash / 09324297848