The applicant purchased a DDB worth of Rs. 3600/- with a face value of Rs. 1,11,000/- from Sardar Sarovar Narmada Nigam Limited (SSNNL), Block No.12, New Sachivalaya Complex, Gandhi Nagar, 382010, Gujrat, India during 1993 in the name of his daughter being minor that time. The DDB bearing folio No. 568682 and certificate No. 608561, the maturity date of DDB was 11.01.2014. Accordingly, the applicant sent the original bond with the application dated 17.01.2014 for redemption. The Nigam’s Registrar and transfer agents, MCS Limited, 101, Shatdal Complex, Ashram Road, Ahmedabad -380009 (Phone No- 079-26582878, 79, 80) wrote back vide their letter dated 31.01.2014 and wanted certain documents. Alongwith the letter, they sent a notice to DDB holders for redemption of bond dated 03.11.2008 which states that the redemption date has been changed from 11.01.2014 to 10.01.2009 and the face value from Rs. 1,11,000/- to Rs. 50,000/-. The formalities as required were completed and the MCS limited sent a Cheque of Rs. 50,000/-. The applicant’s complaint is why the company did not send the notice dated 03.11.2008 to the applicant at the address mentioned in the bond allotment letter. The applicant was unaware of the fact that the redemption date has been changed and accordingly applied for redemption on the original date mentioned in the DDB. The applicant’s grievance is that , since he was not communicated the change of date, he be paid the actual amount of bond i.e., Rs. 1,11,000/-. The applicant is of the view that the SSNNL has cheated him. Had they informed the applicant, the DDB could have been redeemed five years back.
The applicant request that the balance of payment i.e., Rs. 61,000/- be paid to him immediately.
The applicant is ready to send copy of all the documents, if required.
From:
Mohammed Tahir,
Asst. Director of Fisheries (HQ-I)
Directorate of Fisheries ,
Opp. APWD Petrol Bund,
Mohanpura, POrt Blair,
Andaman and Nicobar Islands
Pin- 744101
Mobile No. 9434263479
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