Oct 14, 2009 04:00 PM
7108 Views
All the inestors, I just came from the meeting. I present you in brief---
- the initials-- meeting venue suddenly changed from gymkhana to high school, chairman didnt come, there were sea of people and only around half of them were able to get accomodated inside the campus of the school.
2.people who were present- chairman of the meeting appointed by high court- nirmala bhosale, accountant of city group kaisar baig, a retired justice of high court.
3.what happened-- nirmala proposed on behalf of company to return the balance principal amount with 7% interest in 12 equal installments with bank guarantee. many of the people demanded that the initial amount should be considered as the principal amount and there should be no deduction of the monthly paid amount but she didnt accept and she assured that those investor will be considered after the class A investors, the company is going to run but with new schemes which will be different from the previous. voting didnt take place and it was obviously not possible for such a huge crowd in such a small place- there were fear of law and order problem and the police were angry that they were told only last night about the meeting and they were unable to do proper bandobast in such small time span. the investors who were able to catch the mike- a lawyer from chennai- Piramal, Prasad Mhatre and few others.
4.final outcome- no voting took place, the representatives assured about principle amount, nirmala requested to cooperate and let them open their offices and let them work. she told initially that there were five schemes of arrangament but she explained only one, majority of people gave their consent by raising hands for the scheme of principle amount getting back but many queries remained unclear. let us see what happens tomorrow
