Thursday, 10 April 2014

Update on Sardar Sarovar Nigam deep discount Bond

HELLO DEAR ALL FRIENDS,



THIS BLOG HAS MADE 35000 PAGE VIEWS.

AS YOU ALL KNOW THE MATTER IS MOVED TO HIGH COURT NOW.

I WAS WAITING , WAITING AND WAITING TO HEAR FROM HIGH COURT WHEN CASE WILL BE LISTED.

BUT EVERY DAY I HEAR UPDATE THAT, STILL CASE IS NOT LISTED IN HIGH COURT. IT'S ONLY WHEN LISTED IT WILL PROCEED.

JUSTICE DELAYED IS JUSTICE NOT DELIVERED IN MY OPINION.

 I CALLED UP SEBI TO KNOW THE LATEST, THEY SAY CASE IS MOST FAVOR IN GOVERNMENT AND IT'S BETTER YOU GET THE AMOUNT WHATEVER THEY GIVE NOW THAT IS 50,000.

I TOTALLY PITY ON SARDAR SAROVAR NIGAM DEEP DISCOUNT WHO HAS CHEATED ALL OUR BOND HOLDERS HARD EARNT MONEY.



SEBI AHMEDABAD OFFICER SAID IT IS BETTER YOU GET THE AMOUNT WHATEVER THEY GIVE NOW.


I WILL UPTO YOU TO DECIDE SENSIBLY.
POST QUERIES IN COMMENTS IF ANY.

AT END OF THE DAY, I FEEL VERY SAD ON THIS MATTER.
Posted by at

55 comments:

  1. Unknown17 April 2014 at 08:13

    can you please provide me sebi's number(whom you have contacted)

    ReplyDelete
  2. Unknown18 April 2014 at 01:06

    How can i contact SSNL for refund??

    ReplyDelete
  3. VIKRAM19 April 2014 at 13:30

    This comment has been removed by a blog administrator.

    ReplyDelete
  4. VIKRAM19 April 2014 at 13:31

    This comment has been removed by the author.

    ReplyDelete
  5. VIKRAM19 April 2014 at 13:33

    Sorry, that is Rs: 50000/- per bond

    ReplyDelete
  6. Pradeep Narayan Tripathi20 April 2014 at 03:00

    Dear friends!
    Is there any to contact MCS Limited via email or phone

    ReplyDelete
  7. me23 April 2014 at 03:31

    SEBI contact numbers.
    http://www.sebi.gov.in/sebiweb/stpages/contact_us.jsp

    ReplyDelete
  8. Unknown23 April 2014 at 04:58

    So it is not sure that when the case will stand in Gujarat court,
    this is really confusing, what to do in this scenario

    ReplyDelete
  9. Unknown12 May 2014 at 07:04

    FRIEND JUST WAIT TILL THE END OF THIS YEAR AND REDEEM IT NEXT YEAR
    DINESH CHAUHAN

    ReplyDelete
  10. Unknown14 May 2014 at 05:12

    Hi,
    This blog is very helpful to get the relevant information regarding SSNL. Thanks. I have send the requisition letter 2 months back but I didn't received any form or any reply from MCS. I am afraid, if I will send the original bond, there may not be any action on it. Is there any number of MCS or mail id, on which we can send the query or followup after sending the original bond certificate. My mail id is pranavprasant6@gmail.com

    ReplyDelete
    Replies
    1. Unknown19 May 2014 at 05:13

      This comment has been removed by a blog administrator.

      Delete
    2. me20 September 2015 at 22:05

      please read http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      Delete
  11. Unknown17 May 2014 at 02:40

    As Forthcoming government is of Mr Modiji..
    let us try or can we take this issue/matter till him...
    do u guys think that will it work...or any suggestion for anyone..
    we have really waited a long for our money..
    i think it should not go in waste..
    anyone have any idea...please suggest

    ReplyDelete
    Replies
    1. Anand Gupta18 May 2014 at 22:22

      How do we do that and approach Mr. Modi? in fact now he is moving out of Gujrat to Delhi so will he able to intervene in this matter?

      Delete
    2. Unknown19 May 2014 at 05:26

      It's Modi ji whose Govt decided for the premature closer of SSNNL bonds. He knew how to reach the common man for their votes but did not inform the bond holders appropriately about their decision to premature closer; most of whom are not Internet users.
      I felt it was only my dad who didn't learnt Abt the 2008 verdict of Gujraat govt but I learnt through this blog that there are thousands of holders still awaiting their money. And this is the only page giving you latest on SSNL bonds. :(

      Delete
    3. me20 September 2015 at 22:05

      verysad dear friends.

      Delete
  12. Anand Gupta18 May 2014 at 22:20

    Does anyone have any idea about how long these bond can be redeemed before they got to the treasuary? What I have heard is that it becomes even a bigger problem in getting the money from them.

    ReplyDelete
  13. Unknown24 May 2014 at 22:04

    Anand check here
    check bolg archive of january comments (91)
    please go throuch reply by aarth infotech on 12 march 2014

    ReplyDelete
  14. Unknown24 May 2014 at 22:06

    I hope waiting for results will be wasting our time
    we should go for redemption.

    ReplyDelete
  15. Unknown29 May 2014 at 09:02

    have anyone recently redeemed their bonds

    ReplyDelete
  16. Unknown30 May 2014 at 10:29

    As the maturity date which was originally fixed to 11th Jan 2014, though Gujrat Govt under the Hitlary dictate of state Govt redeemed compulsory in 2009. s such you will not receive any appreciation after 11 Jan 2014, Only 2009 to 2014 appreciation is possible due to Court Decision. Hence lodge your Bonds for under protest claim to what they are giving , reserving your rights to claim the balance not paid after the favorable decision comes from the Court .

    ReplyDelete
    Replies
    1. me20 September 2015 at 22:04

      Dear Dinesh ,, please explain how to lodge under protest claim. is there any form needs to be filled. we don't no how to do protest claim.please help understand everyone. it will be really helpful.

      Delete
  17. Unknown4 June 2014 at 09:15

    Respected dinesh chauhan
    i am little bit confused, what u want to say with ur comments,finally what we suppose to do from ur comments..
    means lodging bonds for under protect claim....what we need to do on this ?

    ReplyDelete
  18. Unknown5 June 2014 at 21:53

    Please indicate procedure as to how to lodge bond under protest and still claim the amount of 50K, and wait for the court verdict to reclaim balance in case verdict in favor

    ReplyDelete
    Replies
    1. me20 September 2015 at 22:01

      I'm trying to get latest proceedings update, but i don't have update. So far I don't have update on the court proceedings.recently, i redeemed my bond and posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      Delete
  19. Amit18 June 2014 at 03:34

    Wait,wait and you will be rewarded. We will have to visit together to Mr.Modiji's office in Delhi. If need be we can do that. Don't give up.
    Be positive. Don't listen to any bad news and have faith.

    Amit Kulkarni

    ReplyDelete
  20. Unknown20 June 2014 at 10:24

    Hi amit its really great to read your comment..
    is it really possible & how we can proceed.
    lets have more comments & suggestions on this..
    lets hope somthing good comes out of this

    ReplyDelete
  21. Unknown2 August 2014 at 01:36

    hi amit
    how r u
    no reply since 18th june...

    ReplyDelete
  22. Unknown23 August 2014 at 09:18

    Dear Sir/Madam I have purchased one no. deep discount bonds issued on 07.01.1995, matured on 11.01.2014. The details of the bonds are as under:- Name of bond holder : PRAMOD KUMAR SINHA Regd. Folio No. SN 577872 Certificate Nos. 620111 Issue Price Rs. 3600/- Face Value Rs. 1, 11, 000/- Date of Issue 07.01.1995 Date of maturity 11.01.2014 . Till the date no response received. Now please guide and tell me what to do and how get the amount of the above said bonds. Thanks Regards email: pramodsinha1@gmail.com Phone no 9204755532. Pl convey the payment status.

    ReplyDelete
  23. maulik19 September 2014 at 10:39

    Hi,
    I am Maulik Vakhariya , Advocate Gujarat High court .
    I study this matter and order of Supreme court . I am of opinion that a holder of bond must file writ petition before Gujarat high court with the prayer that the petition will be heard with old pending petition.

    fill free to contact me for guidance and help
    e-mail me on maulik.v7@gmail.com or call me on 09714011089

    ReplyDelete
    Replies
    1. me20 September 2015 at 22:01

      I'm trying to get latest proceedings update, but i don't have update. So far I don't have update on the court proceedings.recently, i redeemed my bond and posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      Delete
  24. sudhirkumarverma23 September 2014 at 10:44

    Dear friends please guide me When and What to do with the BONDS?
    mail at

    ReplyDelete
  25. sudhirkumarverma23 September 2014 at 10:46

    sudhirkumarverma33@gmail.com

    ReplyDelete
  26. sudhirkumarverma26 September 2014 at 11:39

    Dear friends, please ask help from Sri ARVIND KEZARIWAL (AAM AADMI). He is real fighter of INDIAN public, he can take us up to any level and win the game of our RIGHTS.

    ReplyDelete
  27. Unknown12 November 2014 at 04:05

    Dear Friends,

    Please let me know the process of en-cashing the bond. The bond was purchased by my deceased brother in the name of his SON. We have necessary death certificate and required identity proof of his son.

    Please mail me at shirshendu.majumdar@gmail.com

    ReplyDelete
    Replies
    1. me20 September 2015 at 22:00

      I'm trying to get latest proceedings update, but i don't have update. So far I don't have update on the court proceedings.recently, i redeemed my bond and posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      In your case looks like you need to talk to 9327055153 - Mahesh. you can write him email . he will reply mcsahmd@gmail.com. you need to be bit clear and crisp while writing email to him. he's from the same office what i have given in above link.
      hope this helps.

      Delete
  28. sridhar25 November 2014 at 03:24

    hi

    ReplyDelete
  29. sridhar25 November 2014 at 03:27

    Hi Frienda,
    What is the latest position of this bonds.....we are also victims...and whrere is it pending...in SC or HC?

    Regards
    Sridhar

    ReplyDelete
    Replies
    1. sridhar25 November 2014 at 03:28

      Kindly Help:My mail ID: advdhar@gmail.com

      Delete
    2. me20 September 2015 at 21:58

      I'm trying to get latest proceedings update, but i don't have update. So far I don't have update on the court proceedings.recently, i redeemed my bond and posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      hope this helps.

      Delete
  30. Unknown12 January 2015 at 21:26

    Pl. guide regarding redemption of DDB of ssnnl .whether there is any hope to get full redemption amount as assured after 20 yrs. kindly intimate the details of the case pending in the Gujrat High Court such as case no., petitioners and respodents , advocates etc . so as to see the progress of the case on line

    ReplyDelete
    Replies
    1. me20 September 2015 at 21:58

      Dear Govind,
      I'm trying to get latest proceedings update, but i don't have update. So far I don't have update on the court proceedings.recently, i redeemed my bond and posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      hope this helps.

      Delete
  31. Unknown27 January 2015 at 04:58

    Please update fresh status of ssnnl bond

    ReplyDelete
    Replies
    1. me20 September 2015 at 21:56

      Dear Anil,
      So far I don't have update on the court proceedings. but, i have posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      Delete
  32. Unknown17 February 2015 at 18:22

    sardar sarovar Narmada nigam limited ka maturity amount kab and kaha se receive karna his,please guide me. my self vijay shankar Pradhan mob.8737074163

    ReplyDelete
    Replies
    1. me20 September 2015 at 21:57

      Dear Vijay

      So far I don't have update on the court proceedings. but, i have posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      Thanks

      Delete
  33. rohit singh20 March 2015 at 02:18

    any update on this issue?

    ReplyDelete
    Replies
    1. me20 September 2015 at 21:56

      So far I don't have update on the court proceedings. but, i have posted how to redeem the bonds. but if we redeem now we get only 50,000/. read here http://sardarsarovernigamdeepdiscountbond.blogspot.in/2015/09/redeem-sardar-sarovar-nigam-deep.html

      Delete
  34. Unknown25 June 2015 at 00:03

    I wrote to MCS Ahmedabad that I have 2 Nos. DDB of Sardar Sarovar Narmada Nigam Ltd.and I have not redeemed til Date.23/06/2015, I want to redeeme it after Court Judgement of High Court Gujarat (as the case is pending ) or may i redeeme DDB for Rs. 50000/- with objection & subject to Court Judgement ?

    To
    Bharat Shah
    Jun 23 at 2:13 PM
    Sir,
    You may redeem the bond subject to court judgement.
    Jagdish Patel
    --
    MCS LIMITED
    AHMEDABAD
    -------------------------------------------------------
    Tel No. :- (079)26582878 / 79 / 80
    (079)26584027
    Fax No. :- (079)26581296
    Email :- mcsahmd@gmail.com

    ReplyDelete
    Replies
    1. me20 September 2015 at 21:55

      Hi Bharat Shat,
      Thanks for post. I also redeemed and got 50,000/- amount.
      but, one thing is not clear to me in your post. how should we redeem with object and subject to court judgement. is this applicabel to already redeemed bond person also? can you please explain. so it helps others.

      Delete
  35. Unknown25 June 2015 at 00:11

    Redeemption Process -
    DEEP DISCOUNT BOND OF SSNNL. – FOR DDB BOND
    Please note that the scheme is under redemption w.e.f.10/01/2009 i.e. at the end of 15 years with redemption amount of Rs.50000/- per bond certificate, instead of 20 years. Please send original Bond certificate /s of face value of Rs.3600/- OR Letter of Allotment duly discharged by all bond holders on the back side of the certificate ( any where, colomn does not concern) along with copy of pan card and bank details of 1st bond holder and Form No.15 G in duplicate copy as amended (new) from 01/04/2013 for redemption. Further please note that if you do not submit copy of pan card, 20 % tax will be deducted . If you submit copy of pan card no. and Form No.15 G, tax will not be deducted subject to the holding up to 4 DDB Bonds under one folio. If you are holding more then 4 bonds under one folio, Form No.15 G will not be applicable and 10 % tax will be deducted, subject to submission of copy of pan card no.. Redemption amount is Rs.50000/- per bond certificate, subject to deduction of tax. After receipt of documents fro redemption, redemption warrant will be sent to you in physical form at your address within one month. Please send all documents only at MCS Share Transfer Agent Ltd, 201, Shatdal Complex, Opp. Bata Show Room, Ashram Road, Ahmedabad – 380 009. Please note that copy of pan card no.of 1st bond holder is compulsory. If there is any change in your address, please attached address proof. Please upload procedures and forms from our website www.mcsdel.com.
    Jagdish Patel- (as per mail reply from MCS on 23.6.2015)

    ReplyDelete
  36. Unknown17 September 2015 at 10:28

    I have purchased10 ssnnl bonds in year 1993. I have send the bonds in original at your office i.e. NARMADA BONDS SERVICES PAYMENT DEPARTMENT C-2476, SL-1 GURGAON-122009 for payment on 14-08-2015 by speed post . I have not received the full maturity amount, only a sum of rupees 42, 000 has been credited into my bank account through icici clearing on 20-08-2015. kindly inform us the actual maturity amount of our bonds to be credited to our account.
    My DDB Certificate no- 521662
    Distinctive no of 3 bonds are 548798 to 548800 [Bimal khanna]
    Distinctive no of 2 bonds are 548792 to 548793 [Renu khanna]
    Distinctive no of 5 bonds are548801 to 54805 [Tripti khanna]

    ReplyDelete
    Replies
    1. me20 September 2015 at 21:53

      Dear Tripti Khanna,

      I'm bondholder like you who has maintained this blog to share the information and to help ourselves.

      I had sent my bonds to address MCS Limited, 101, Shatdal Complex, Opp. Bata Show Room, Ashram Road, Ahmedabad – 380 009 and i also got the money within one month.

      But looks like you sent to some other agent which i'm not aware. It's unfortunate that he has sent you only one bond money. you need to contact his office by taking his office number. I read in internet this person whom you have sent the bonds have not sent the money. hope you are not cheated. Please try to call them by taking their office phone number. if nothing works you should visit their office.

      Overall per bond you should receive 50,000/- rupees.
      since you are saying 10 bonds, that means 5Lakhs rupees. If you submit copy of pan card no. and Form No.15 G, tax will not be deducted subject to the holding up to 4 DDB Bonds under one folio. If you are holding more then 4 bonds under one folio, Form No.15 G will not be applicable and 10 % tax will be deducted, subject to submission of copy of pan card no. ATLEAST YOU SHOULD GET 4,50,000/- RUPEES.

      hope this information helps you.

      Thanks

      Delete
  37. Unknown24 September 2015 at 09:50

    can anybody help me out in filling form 15G

    ReplyDelete
  38. M Jason15 January 2016 at 22:12

    16th Jan 2016

    Act allowing premature redemption of SSNNL bonds illegal: HC

    http://indiatoday.intoday.in/story/act-allowing-premature-redemption-of-ssnnl-bonds-illegal-hc/1/571826.html

    The court further directed the petitioners as well as investors, who have already redeemed their bonds, to approach the civil court to collect the amount of loss they have incurred due to the Act.

    ReplyDelete

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