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Complaint against M Tech Developers Limited for Cheating and Fraud

Location/place: New Delhi

Name of company/service: M Tech Developers Limited

Mr. Mahender Sharma
(Managing Director)
M Tech Developers.
ANS house, 144/2 Ashram,
Mathura Road, New Delhi-110014.

SUB- Complaint Against M Tech Developers Limited for non refund of payment.

Dear Sir,

This is to bring to your notice that I Brigadier S.K Aggarwal is a 70 year old senior citizen. I had invested my hard earned money to book a flat of 1500 sqft. @ 1250/- per sqft on 17th April 2006 with M Tech Developers. In this regard I had paid 5.25 lacs which include the booking amount, first and second installment. The details of the payments are as follows.

a. Booking amount of rs 1, 50,000 paid vide cheque no 628373 DT 17th April 2006 drawn on Punjab National Bank. The above payment is acknowledged vide receipt no 214 DT 24/04/06.

b. The first installment of rs 1, 87,500 was paid to M.Tech Developers vide cheque no 515168 DT 14/03/07 drawn on Syndicate Bank towards the project in Camellia Garden Bhiwadi. The receipt of the payment is acknowledged vide receipt on MY/CG-001/19/1801 DT 23/03/2007.

c. The second installment of rs 1, 87,500 was paid vide cheque no 709418 DT 01.07.08 drawn on the ICICI bank. The above payment is acknowledged vide receipt no 18615 DT 14/07/08.

I had received a fake provisional allotment letter from M Tech developers allotting a flat no 704 on 7th floor measuring 1500 sqft in tower beeta-5 at Camellia Garden-I Bhiwadi. The said tower beeta-5 at Camellia Garden Bhiwadi has not been planned, no documents have been submitted for approval and no construction has started for the said tower. As on today the project is abandoned. This is cheating and fraud.

I had submitted the refund form with all the required documents as requested by M Tech developers on 12/12/11. I have been regularly following up with M.Tech developers (Mr. Amit Jha & Mr. Arvind Aggarwal) for the refund of the money. But they refuse to pay the money.

On account of your aforesaid non allotment of flat no 704 on 7th floor measuring 1500 sqft in tower beeta-5 at Camellia Garden-I Bhiwadi. M Tech Developers are hereby liable called upon to –

Refund my deposited amount of rs 5.25 lacs with 18% interest.
Pay compensation for the mental agony/injury suffered and financial loss due to your negligence in sum of rs 1,00,000.

I request the Economic offences Wing and Competition Act commission to take strict action against the M Tech Developers Limited for this cheating and fraud.

Best regards
Brigadier SK Aggarwal.

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