Golden Forest Land Set To Change Hands

In what could lead to one of the biggest land transactions in the country, the Supreme Court will hear on September 16 two companies who have put in bids to acquire the entire land assets of the infamous Golden Forest India (GFIL) which is under liquidation. These two companies are Vavasi Group promoted by National Knowledge Commission chairman Sam Pitroda, and the Delhi-based real estate firm Chadha Group.

“We have received applications from these two companies for the takeover of all the assets of Golden Forests. As long as we manage to raise Rs 2,000 crore, which would benefit GFIL investors, we have no objection,” Justice RN Agarwal (Retd), chairman of the Supreme Court-appointed committee to sell Golden Forests assets told from Chandigarh. GFIL’s land assets are spread across Punjab, Haryana, Uttarakhand, Madhya Pradesh, Orissa and Andhra Pradesh.

“We have forwarded these applications to the Supreme Court, which is expected to take up the matter in its next hearing on September 16,” Mr Agarwal said. The bids are far more than Rs 2,000 crore of current liabilities which includes interest of the defunct company, Mr Agarwal said.

The former judge said that nearly 110 companies, which were floated by GFIL to buy land across the country, will need to be merged with the parent company first so that a bidder can take over the land bank. “This is quite complicated… a lot of legal formalities need to be completed first,” he added.

Analysts said the land bank of around 12,000 acre is approximately valued at Rs 5,000 crore. “We have managed to sell some small portions of GFIL’s land and have received part payment. This will also need to be ratified by the Supreme Court, along with Vavasi and Chadha groups’ applications,” he said.

Golden Forest India made news in the mid-nineties when the company raised funds worth Rs 1,000 crore from over 22 lakh investors across 11 states to invest in plantation schemes. But it soon defaulted on payments to the investors. So, Sebi — which bought all plantation schemes under its purview in 1997 — moved court and initiated proceedings against the company’s promoters led by its chairman R K Syal.

As the case against the company was heard across various courts, the matter was finally transferred to the Supreme Court. Four years ago, the apex court appointed a committee under the chairmanship of retired chief justice RN. Aggarwal, with two members, one each from the Reserve Bank of India and Sebi, for the purpose of taking into custody all the assets of Golden Forest and calling for claims of creditors and scrutinizing them. The court later asked the committee to auction all the assets of the company so that the investors could be repaid.

A banker told that Vavasi is doing a due diligence of GFIL’s assets and talking to various banks to raise funds required for taking over GFIL’s assets. A questionnaire sent to Mr Pitroda went unanswered.

69 Comments

  1. Roshan Lal Sharma
    Posted September 10, 2008 at 4:30 am | Permalink

    I put my hard earned money 40,000 in the Golden Forest India Ltd. Can I get it back woth interest?

  2. Roshan Lal Sharma
    Posted September 10, 2008 at 4:32 am | Permalink

    I put my hard earned money 40,000 in the Golden Forest India Ltd. in 1995 Can I get it back with interest?

  3. Posted September 11, 2008 at 5:49 am | Permalink

    Millennium Spire Limited, an ‘Alternative Strategies Fund’ under the UK-based Millennium Global Umbrella, has entered the Indian realty sector unveiling its maiden platform for developments in the Indian market, Spire World. It is a platform that would drive development of mainstream green projects of Millennium Spire in the country. This has also marked the launch of the company’s first ‘Mainstream Green’ project in India, Spire Edge, a sprawling 1.6 million sq ft of scalable eco-office complex with an energy saving capacity of up to 30 percent, costing Rs 400 crore. The project is a joint venture between Millennium Spire and A.N. Buildwell, a company with over 25 years of experience in real estate development. The project would be located in the emerging IT hotspot, IMT Manesar along the Delhi-Jaipur highway.For more view- realtydigest.blogspot.com

  4. VINOD KUMAR
    Posted September 16, 2008 at 2:38 am | Permalink

    Really i cant understand if company is worth aprox Rs.5000 crore and liabilities is Rs.2000 crore, then why company is in trouble. If assets worth is Rs.5000 crore, This clearly shows company is not fraud. I feel this is all a very big political and land mafia is involved. Even today hand over the company to the chairman or directors i hope definitely they do well, I dont think they carry the lands n runaway…..

  5. Rajesh
    Posted October 1, 2008 at 10:44 pm | Permalink

    when will people get back their money and when wil it ome to an end

  6. Manvesh Shah
    Posted October 6, 2008 at 4:32 am | Permalink

    Dear Miss Rajni,

    I have read your article and i happy to read this but afer that not find any information ragarding this deal. Please let me know what is the dicision on 16th September regarding these deal.

    Because I the little investor & if is it true it will be helpful in my life.

    Thanking you

    Manvesh Chechani

  7. gajanand patidar
    Posted October 10, 2008 at 12:40 am | Permalink

    Dear Sir,
    Regards, Nice post fromyou for all those unlucky investors. Kindly send me the latest news regarding the new update of 16 th sept 08. I will be great ful to you.
    thanking you
    G N. Patidar
    Indore

  8. sujit
    Posted October 21, 2008 at 1:10 am | Permalink

    dear sir,
    i am agent of goldenforest india i invested my ownmoney and also the commition and invester money in this company around 6 to 8 lakhs please give me the suggestion when we gave the money to our investor
    i hope that u wil give the suggestion on my email adress
    thanking u
    sujit patel
    Balasinor
    Gujarat

  9. jeebajyoti das
    Posted October 22, 2008 at 7:49 am | Permalink

    gfil was doing well in my view before legal tangle imposed on the company. i was unlucky investor as well as sales member in the company. I not only need back invested money but also a scope for earnings and employment. lets not ride on capitalistic crafts and be grounded firmly on a realistic facets of human life-khana, karma, etc

  10. Zubair Ahmad
    Posted October 22, 2008 at 6:08 pm | Permalink

    Dear Sir,

    My question is that what our Government is doing regarding this case I mean (Golden Forest of India Ltd) when it would be possible that the investors can get back their money.Kindly send me the latest news regarding the same.

    Many Thanks
    Zubair

  11. Mrs.Aruna, P.R
    Posted October 24, 2008 at 4:56 am | Permalink

    Dear sir:

    I too invested around 45.000 in GFIL. This money was invested keeping in view my daughters higher education. But i had to borrow money on loan for that purpose inspite of my hard money invested. I do not know how many such investers like me are there. I am working in private company with no pension facilities. I am going to superannuate in another 3 yeras. My concern and worry is will this case get settled atleast in another yeras time. Can I get back my money invested. I feel ashamed to say that we live in Gandhian ideal independent India with due care for human beings and upholding the truth.

  12. Sutap Chakraborty
    Posted October 31, 2008 at 2:30 am | Permalink

    I really want my money back very badly. Even the agents of GFIL have disappeared.

  13. Sutap Chakraborty
    Posted October 31, 2008 at 2:31 am | Permalink

    When it will end?

  14. Dr Rakesh Saxena
    Posted November 4, 2008 at 11:09 pm | Permalink

    India always awakes after the passage of time. First it were finacial companies , who siphoned the poor investors hard earned money and then Plantation companies. The value of Rs 5000/- is arbitrary, as the land value depends on various factors.Why the Committee would agree for Rs 2000 crores against a much higher claim , from a 5000 crore company is any body’s guess

  15. jayant banerjee
    Posted November 15, 2008 at 10:59 pm | Permalink

    Nice reading your comments. Pl give us updates when we are going to get the money back as we have invested and we badly need the money back.

    Thanks

  16. samarendra nath dasgupta
    Posted November 18, 2008 at 3:09 am | Permalink

    sir,
    my father have invest a sum of rs 1,20,000 in golden forest in the year 1997 but till now i and my family get that said amount. my father late nirmal kumar dasgupta have died in the year 2003. as i am my father’s son i am requesting you that when i and my family going to get my money in my family my mother is there and i have my elder brother who is mentally disturb. so sir i need that money as soon as early.

    thanking you
    samarendra nath dasgupta
    son of late nirmal kumar dasgupta
    residence: – bandel, hooghly, west-bengal
    712123
    ph no: – 9339681226

  17. laxmidas ahuja
    Posted November 23, 2008 at 10:55 pm | Permalink

    D/Sir,
    It is heartening that a very positive efforts are being made by the Liquidator and Supreme Court for realizing the value of the lands held by GFIL.
    All concerned Lawers and eminant persons are requested to help achieve the difficult task of merging of various different companies of Golden Group of Companies to one Entity as early as possible so that all the investores who are eagerly waiting for the repaymnet ,may get get long awaited relief.
    Though stated that it is difficult job, but I am sure that these eminant persons with vast knowledge of company affairs and looking to the grievances of large numbers say 11 lakhs investors will get relief and I am also sure that these investors once get their dues will be able to part some legal expenses to the Eminant Lawers who would be doing the job of mergers.
    Thankin you,
    Yours sincerely,
    Laxmidas Ahuja

  18. Prakash B. Patel
    Posted November 23, 2008 at 11:13 pm | Permalink

    sir,

    maine mera aur mere investaro ka gfil me invest mony ka orignal copy company ko bheja hai kya vah documant sahi jagah par pahucha hai ya nahi use hum kaise jan payenge? agar online janna hai to kaise? pl. krupa karke muze jankari dijiye.

  19. laxmidas ahuja
    Posted November 25, 2008 at 1:34 am | Permalink

    D/Sir,
    I, alongwith my family members and friends have invested large amt in the gfil with a hope to get the money more than investment in various govt instrument as these investment by and large were higher. But to my surprise the company though collected more than 1200 Crores, could not re-pay the even the maturity amount money. Had we invested in Post office or any govt owned banks, we could have got money back in right time. Now that more than 6 lakhs have blocked we now hope to get the money with interst with at lease 10% pa as the Liquidator is expected to get 5000 croes as against the total liability of 1200 croes plus interest.
    My collegues are requested to let me know through e mail or any other source the latest development of the case.
    Thanking You,
    Yours tuly,
    Laxmidas Ahuja

  20. ASHISH JAIN
    Posted November 25, 2008 at 3:09 am | Permalink

    I too invested around 30000 in GFIL. This money was invested keeping in view of my childrens studies.Iam in a great need of money please let me know how and when can i get the money that i have invested and what bout the descion.My concern and worry is will this case get settled atleast.

  21. amarjitchopra
    Posted November 29, 2008 at 6:37 am | Permalink

    i want to know when I will get my money back from gfil. I had invested rupees one lac twentyfive thousands during 1995 to 2000.

    amarjitchopra

  22. Bali
    Posted December 1, 2008 at 10:22 am | Permalink

    Dear Rajani,

    Kindly update about hearing of 16 Sep

  23. kamal kuthyal
    Posted December 3, 2008 at 7:47 am | Permalink

    hello sir i am kamal kuthyal from jalandhar
    i have invested 1 lac in G.F LTD i want to know i can i refund my money….with interest
    if any information u have to get then plz sir inform me plz ……it’s a request…..
    i have no internet then u understand ..
    plz kamalkuthyal@gmail.com this is my e-mail id plz inform me plz…………………

  24. P.RAM KRISHNA RAO
    Posted December 11, 2008 at 3:22 am | Permalink

    Dear Sir / Madam, DT-11.12.08

    I am an investor of GOLDEN FOREST INDIA LTD.
    I have invested about RS-20,000/- in the year-1995-2000.

    Pls suggest how & when can i get back my investment.

    Regards,

    RAM KRISHNA
    JAMSHEDPUR
    JHARKHAND
    Cell- 09905308523.

  25. ramesh
    Posted December 13, 2008 at 12:11 am | Permalink

    hello sir,
    what further doing on gfil-commite ,i want to know when i will get my money back from gfil, plz.. send any information to my mail, how much time of you, what give latest statement either supreme court (or) your gfil-commite
    and your commite follow investors list in my name have or not,i have bonds papers of gfil,
    thanking you,
    k.Ramesh
    from
    Hyderbad..

  26. RATNAPRABHA LAAD
    Posted December 22, 2008 at 12:02 am | Permalink

    Dear Rajni

    Thanks for your article. I had invested Rs. 60000/- in GFIL in the year 2000.
    When we will get our money back. Do we have to send our claims again? Please send your reply & any further news of GFIL to my email.

  27. versha seth
    Posted December 28, 2008 at 12:19 am | Permalink

    Dear Sir ,

    We have an urgent need of money and our 6-7 lacs rupee is blocked with the company Golden Forest India ltd. I have heard that the company is sinking .Can you please help us withdrawing that money .We are general people , took a loan of 5 lacs for our house but at this time of financial crisis when our business has declined we are pressurised by others to pay up all the loan amount .Our 50 lacs worth house is sold of just Rs 25 lacs .And the house we are living in is still on loan .It will be so kind of you if you suggest me any way to retrieve that amount as soon as possible.

    Thank you
    versha seth
    mobile 09936390520

  28. r bhaskara naidu
    Posted December 31, 2008 at 12:30 am | Permalink

    Sir,
    I was invested Rs.5000/- in the year of 1996/97 in may daughter’s name i.e R.swathi for aperiod of 20 years but as per order of court i was submitted all original documents to hon”ble court in due date but there is no reply either from Golden ForestIndia Ltd/or from Hon’ble court. pleae finalise my amount at an earliest please.

    RASINENI BHASKARA NAIDU
    CELL NO.09986112996
    BANGALORE ( KARNATAKA)

  29. ROSHAN LAL SHARMA
    Posted January 3, 2009 at 4:13 am | Permalink

    Dear readers,

    I have gone through the 26 comments, almost all the questions when the money will be paid back, I would like to highlight that, since H’able Supreme Court has taken the case in their hands and asked the standing committee to sell the properties as soon as possible, we should hope for a good tomorrow, when the money will be paid, either in pricipal or with interest.

    We must have a good hope.

    Roshan

  30. gurminder singh
    Posted January 10, 2009 at 6:50 pm | Permalink

    thanks for giving information

  31. L.D.Ahuja
    Posted January 11, 2009 at 5:25 am | Permalink

    Sir,
    I may mention that more than 3 months have passed no body could get the latest development after 16.9.08 hearing of the case. I shall request all the investors living near the work place of the committee to see the date of the next hearing and results.
    Yours truly,
    L.D.Ahuja

  32. sachin Sahu
    Posted January 14, 2009 at 4:33 am | Permalink

    Dear Sir,
    Regards, Nice post fromyou for all those unlucky investors. Kindly send me the latest news regarding the new update of 16 th sept 08. I will be great ful to you.
    thanking you
    Sachin Sahu
    Lucknow(UP)

  33. srinivas
    Posted January 15, 2009 at 3:17 am | Permalink

    Hi all this is srinivas, We have invested of amount 3,00,000 own and 5,00,000 of my neighbours and relatives.Now they are asking their money back from me But that much amount is not there what i have to do iam not understanding,Please give me exact details wether this money will come back or not….

  34. amarjitchopra
    Posted January 15, 2009 at 11:04 am | Permalink

    I am still waiting for my money to be rceived back from gfil. what are recent developments in the case

    amarjitchopra

  35. amarjitchopra
    Posted January 15, 2009 at 11:08 am | Permalink

    please reply me through my email
    amarjitchopra

  36. abhishek
    Posted January 25, 2009 at 10:27 am | Permalink

    Dear sir
    I am writing on behalf of my father who has invested Rs 80000 in GFIL . MY father wanted to know when the money will be paid back, he would like to highlight that, since H’able Supreme Court has taken the case in their hands and asked the standing committee to sell the properties as soon as possible, we should hope for a good tomorrow, when the money will be paid, either in pricipal or with interest. PLZZ provide me exact detail.
    Thanks

  37. haji md shafi
    Posted January 28, 2009 at 5:41 am | Permalink

    sir
    i had invested Rs:5,00000 in GFIL in year july 1998.i want to know when our money back.plz send me any reply & further news of GFIL my email.when will get final decision.

  38. ISHWAR SINGH
    Posted January 28, 2009 at 7:38 am | Permalink

    Dear Sirs/Madams,

    Can any one help me get back my hard earned money from GFIL?. I,have already submitted my all original documents in 2003 to committee headed by honorable Agarwal saheb. No responce thereafter. What is next ? No Idea ?

  39. Abhijeet
    Posted February 16, 2009 at 9:08 am | Permalink

    Dear Sir,
    My name is Abhijeet Kumar Srivastava. I just want to know when GFIL returns the money. Because we are in bigger problem. Actually my father was an agent in this company at that time he was earning arround 1 lac per month. But due to closing of the company he have to sell all his property and each and everything what we have now we are on road. We have to disappear due to public pressure.We have no home our carrer is sploit due to this. We have a problem of fooding and lodging. And also we are fighting with poverty and also we have to save our life from the investors. Because no one is ready to believe on us that we have no money. Every one is demanding money from us. And also i would like to know that what court think about the agents who are working with gfil. Because their career is sploit and now a days they are jobless. Now they cannot generate their business in their area.
    What court thinks about the agents about their employment and many more.

  40. Lokesh Khatri
    Posted February 23, 2009 at 9:34 am | Permalink

    Dear All,
    Thanks for sharing your thoughts if you have any information on how to claim the money back from GFIL pls share .
    Regards
    Lokesh

  41. Posted March 4, 2009 at 4:08 am | Permalink

    Dear Sir,
    I am investing Rs80,000 in GFIL & GPIL. It is matured on or before 2003 but still now I am not receiving my maturity amout due to the problem arises by SEBI & Company. Kindly suggest me where & how can I get my maturity money. Kindly send me office address & mail Id for contact them to settle my GPIL & GFIL problem.Waiting for your reply.
    Thanks
    S.N.Swain
    Jamshedpur
    Contact No:0 9334044060
    Mail id : swain93@gmail.com

  42. amarjeet singh
    Posted March 4, 2009 at 9:47 am | Permalink

    dear sir
    i am agent of golden forest india.i invested my own money and invester money in this company around 15 to 20 laks.when we gave money to our invester.i hope u will give the suggestion on my email.
    plz reply. thank u.

    amarjeet singh
    hoshiarpur
    punjab
    dharamvirsingh99@yahoo.co.in
    tel.009198154-49715
    00911884-257402

  43. kirankumar
    Posted March 10, 2009 at 1:20 am | Permalink

    sir,
    my father have invest a sum of rs 2,22,000 in golden forest in the year 1995 but till now i and my family get that said amount. my father late sreekonda Ravi Chandra sarma have died in the year 2008. as i am my father’s son i am requesting you that when i and my family going to get my money. In my family my mother is there and i have two elder sisters. so sir i need that money as soon as early.

  44. kirankumar
    Posted March 10, 2009 at 1:25 am | Permalink

    sir,
    my father have invest a sum of rs 2,22,000 in golden forest in the year 1995 but till now i and my family get that said amount. my father late sreekonda Ravi Chandra sarma have died in the year 2008. as i am my father’s son i am requesting you that when i and my family going to get my money. In my family my mother is there and i have two elder sisters. so sir i need that money as soon as early.

    my address: s.kiran kumar,c/o k.sethupathy,
    H.no:49-50A-87-E,lakshmi nagar,
    kurnool.pincode:518003,
    ANDHRA PRADESH.

  45. Yogesh Kumar
    Posted March 11, 2009 at 10:20 pm | Permalink

    please provide the latest updates on refund of investers money and what is being developed after court hearing held on oct 2008
    thanks a lot

    regards

  46. mahesh rai
    Posted March 15, 2009 at 1:40 am | Permalink

    mahesh rai BANGALORE

    SIR,
    I have deposited my money after seing certificate giving to Mr Chairman Bral by them Finance Minister Chidamberam in 1997 in newspaper panjab Kesary of Ambala.But there is no efforts are being made either by central or State Govts for quick settlement of investers grivences. please help me. I have already sent my original documents to commettee in 2004,but no information about that so far.Thank you sir again for showing a ray hope once again.

  47. a.k. mahanta
    Posted March 19, 2009 at 3:04 am | Permalink

    I was invested Rs. 1000/- in golden forest in name of my child and date of maturity is August 09. please suggest me how I can get money from golden forest. A.K. Mahanta, New Delhi

  48. rasun purkayastha
    Posted March 26, 2009 at 11:15 pm | Permalink

    am still waiting for my money to be rceived back from gfil. what are recent developments in the case

    Thanks & regards
    Prasun purkayastha
    9231692496

  49. palas purkayastha
    Posted March 26, 2009 at 11:22 pm | Permalink

    hello sir,
    what further doing on gfil-commite ,i want to know when i will get my money back from gfil, plz.. send any information to my phone number, how much time of you, what give latest statement either supreme court (or) your gfil-commite.

    Thanks
    Palas Purkayastha
    0341-2013328

  50. Mir
    Posted April 1, 2009 at 9:58 am | Permalink

    Sir,
    My fixed deposits in GFIL (and its sister concerned company Golden Projects India Limited) matured in 2002. I could not claim properly as I was un-aware where to apply for it.
    I do have all original Certificates of fixed deposit in 1997 and 1998.
    Kindly advice me how can i proceed now.
    Ishall be extremely grateful to you for your suggestion.

  51. akash aggarwal
    Posted April 2, 2009 at 11:46 am | Permalink

    i hav invested a huge amount of my hard earnings when shall i get it back …………..

  52. akash aggarwal
    Posted April 2, 2009 at 11:49 am | Permalink

    please provide me the latest updated news of the company…

  53. Haridas R. Gaonkar
    Posted April 4, 2009 at 10:51 pm | Permalink

    I& my brother invested Rs One lac and more in GFILCO.Kindly let us know when we get our money back.

  54. Haridas R. Gaonkar
    Posted April 4, 2009 at 10:53 pm | Permalink

    my adress is CORLIM ILHAS GOA 403110

  55. gurminder singh
    Posted April 5, 2009 at 2:30 am | Permalink

    what is the latest position of gfil.

  56. prabha mamgai
    Posted April 6, 2009 at 2:31 am | Permalink

    Sir,
    I invested 40,000 in Golden Forest Company in 1997. By the orders of supreme court original documents were submitted in 2004. what is the latest development in the case? I am not aware of anything about the case. Will the investors get their money back ? Please inform about the latest development and also whom to contact about this?

  57. binay kumar
    Posted April 10, 2009 at 9:14 pm | Permalink

    I would be grateful if anybody kindly tell me the final decision of supreme court GFIL and the process through which the deposited amount can be got back

    with thanks

  58. reddy
    Posted April 15, 2009 at 5:33 am | Permalink

    what is the latest comments of this

  59. Jag Ram
    Posted April 21, 2009 at 3:36 am | Permalink

    i have invested lacs of ruppees of varios investors. in GFIL. but unfortunately i am anable to do anything. kinldy tell me about recent activities/actions taken by Apex Court and by the comeetee organised by Apex Court for the settlement of gfil. my Email id is as follows:
    jagramraj@yahoo.co.in
    thanking you
    your’s
    Jagram
    From- Basti (U.P.)

  60. Avanish kumar
    Posted April 22, 2009 at 5:39 am | Permalink

    Dear Sir ,
    We have an urgent need of money and our 2-3 lacs rupee is blocked with the company Golden Forest India ltd. I have heard that the company is sinking .Can you please help us withdrawing that money .We are general people , we are pressurised by others to pay up all the deposite amount because my father is agent,through whom money of others is depositted, of that GFLI .
    It will be so kind of you if you suggest me any way to retrieve that amount as soon as possible.

    Thank you
    Avanish kumar
    mobile 09235096576
    E-mail:avanishkumar10@gmail.com
    e-mail:avanish.rajput@gmail.com

  61. AVANISH
    Posted April 22, 2009 at 5:49 am | Permalink

    Sir/Ma’m

    Plz,tell me that_

    1. when will come payment information?

    2. and latest news about GFLI.

    plzzzzzzzzzzzz

  62. VIPIN KAPOOR
    Posted April 24, 2009 at 3:32 am | Permalink

    I claim for payment of my deposit amt Rs 12000 . i want to see the list of passed / non passed claim member list.
    how can i know that my claim is pass or not or under rejected clams. because of any document mistake

  63. AVANISH KUMAR
    Posted April 25, 2009 at 9:19 am | Permalink

    dear sir
    i am agent of golden forest india.i invested my own money and invester money in this company around 15 to 20 laks.when we gave money to our invester.i hope u will give the suggestion on my email.
    plz reply.

    thank u.

  64. Kalyani
    Posted April 29, 2009 at 1:54 am | Permalink

    Dear Sir,
    I just want to know when the investors will get their money back?When it will come to an end?How much time the court will take to give the final decision?

    please provide me the latest updated news about this matter.

    Thanks,
    Kalyani

  65. Tej Singh Rajput
    Posted April 29, 2009 at 9:37 am | Permalink

    how can i get back money from GFIL

    plz tell me current status of GFIL

    dear sir
    i am agent of golden forest india.i invested my own money and invester money in this company around 3 to 4 laks.when we gave money to our invester.i hope u will give the suggestion on my email.
    plz reply. thank u.

  66. Posted May 4, 2009 at 3:54 am | Permalink

    Hi,
    You all get the Golden forest case information on following link

    http://courtnic.nic.in/supremecourt/caseno.asp

    and select the following options on the link:
    Case Type:Tranfer Case(Civil)
    Case No :02
    Year :2004

  67. M. BHASKAR
    Posted May 12, 2009 at 9:04 am | Permalink

    Sir,
    I have deposited my hard earned money with GFIL amounting to Rs.1,10,500/- in view of my daughter’s marriage. Even after a long time the deposited amount could not be got back. It is my humble request, let me know the way to get back my hard earned money so that the same can be utilised for the welfare of my children.
    Y/f
    M.BHASKAR

  68. uttam agrawal, timarni
    Posted May 16, 2009 at 5:40 am | Permalink

    Dear sir,
    i am agent of golden forest scheme, i deposited around Rs. 10,00,000 in the scheme i dont have any information about return of this amount i could not file the claim also, kindly suggest me the appropriate way to get the money back. kindly inform me updates for the same ither on this mail id or on given postel address.
    regards
    Uttam Sinhal
    Om Medical,
    Sheetla Mata Market,
    Timarni
    Disstirct- Harda (M.P.)

  69. sahadeb mati
    Posted May 18, 2009 at 11:11 am | Permalink

    sam pitroda is the culprit. which party he belongs to can you let me know. why you people’s are takeing advantage of electronic media.
    i am also investor , but i have not received money back.
    People’s are faceing problem but they are doing politics.
    Please any body give committee’s contact no. in details….
    thanks

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