Sterling Tree Magnum India Ltd, chennai Reviews & Complaints

Reported By: D.satyanarayana

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Sterling Tree Magnum India Ltd, chennai

Purchased 4 trees @975/eachin 1993 under certification nos T48686,T48667,T46662 and T46663 in 1993 and expired on 2013 and value after 20 years Rs62000/each. They have not paid till date and no reply for Regd letters .we have written letters in the years 2000,2001 and 2012 before expiry date. They are supposed to inform us 3 months in advance esp (end of schedule)and Rsp(Realized sale proceeds) but not received both. In terms and conditions it was mentioned that each Tree yields 37.5 cft and value will be Rs 62000 per each Tree for 37.5 cft. Interim benefits also not offered.