Future Group FD not paid to the depositor after maturity

Name of Complainant Gauri Menon
Date of ComplaintNovember 17, 2022
Name(s) of companies complained against
Category of complaint Investments
Permanent link of complaint Right click to copy link
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Text of Complaint by Gauri Menon:

Future Group has not paid me the matured amount of the FD. The maturity date was November 7, 2022. The email id and the contact number in the FD receipt are not working. An email sent to investorrelations@futuregroup.in requesting them to pay back the money but received no response yet.

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Future Group FD not paid to the depositor after maturity

106 thoughts on “Future Group FD not paid to the depositor after maturity

  1. Hi Gauri,
    Even I have not received the amount deposited in FD with Future Group. May I have your email or contact number so that we can connect and discuss on this for further course of action.
    my email address is classes0101(at)gmail(dot)com. Kindly drop me a email.

    Regards,
    Nicky

    1. Hi Nicky / Gauri,

      Even I have deposited in FEL but there is no response on any of the contacts available or on emails. Hope you might have also undergone same situation. What is your next step of approaching, let me know, I’ll also be part of it.

      1. I am facing same issue with FEL .my FEL FD got matured in DEC 2022 but my money not credited to account and there is no way email or contact number where I can call to get status. Please let me know if you get any updates

      2. Please include me in ur group of complainants as I have not received proceeds of my fd with fel.
        From
        S C Mehta
        9313541708 & 8743035726

      1. I am also deposited fel still not I didn’t get any amount from futures group

      2. I am also in same situation. Does any body got replay ??

        I Have also invested some money in future group FB but not received the maturity amount even after matured on Dec’2022. Does any body have the details whom to approach and hove to proceed further to get maturity amount.

      1. I am also facing same situation. No response from any fel nos. Maturity amount also not recd.fd matured on23.01.23

      2. Today I have filed complaint with my nearest police station for further investigation. I request everyone to do the same and if feasible file FIR against company and responsible officers.
        Please add me too! in whats app group for further action by all of us against company to receive our hard earned money. My contact number is 9933082726 (Whats app only)
        regards
        Santosh Chandan

    2. received this mail from FEL. hope it will be helpful for all of us so sharing ….


      Dear Fixed Deposit Holders,

      Please find an intimation letter for filing online claim and appointment of Interim Resolution Professional for your kind perusal and necessary action.

      Please follow the instructions and file an online claim in Form CA for each Fixed Deposit Receipts with separate email ID.

      Please follow the below link for attachement :-

      https://drive.google.com/file/d/1VM0dweE3WAmG-hNAhkKA_6VR-FtyB2IM/view?usp=sharing

      Thanks & Regards

      Jitender Kothari
      Interim Resolution Professional of
      Future Enterprises Limited (under CIRP)
      Appointed as the IRP vide Hon’ble NCLT Mumbai Bench, Court-III order dated 27th February 2023
      Reg. No.: IBBI/IPA-001/IP-P00540/2017-18/10965
      AFA No. AA1/10965/02/210923/104532 Valid upto 21/09/2023
      Reg. Address with IBBI: 702, Orchid A Wing, Evershine Park CHS.,
      Off Veera Desai Road, Andheri West, Mumbai – 400053 Maharashtra
      Reg. Email ID with IBBI: jitenderkothari@rediffmail.com
      Project specific email ID for correspondence: irp.future@gmail.com

      1. Sir, have you received the maturity proceeds?

        Please include me in ur group of complainants as I have not received proceeds of my fd with fel.
        From
        S C Mehta
        9313541708 & 8743035726

  2. Hi all,
    Me Poonam jauhari has also not received any response,nor the quarterly intrest ,nor the deposit back on Maturity 19/12/2023.I am with you all for any further action.Please advice

  3. Same here friends. Maturity was on 06 Dec 2022. Neither phone numbers nor email ids of future group responding. We all should unite and take bold step against the company. Then only some positive result will come out. Else it’s very difficult for any individual to get back money.

    1. I mailed to FD department at Ahemdabad several times, but there is no response from them. The customer care no also is not working. I am really hopeless, it is my hard-earned money. Yes We all should unite and take bold steps against the company.

    2. I have raised one grievance in pm grievance site in corporate affairs section regarding this. Once any reply comes I will inform u all friends. Don’t loose hope. Be united and we will win.

      1. let us start filing cases in nearest consumer court. Also write to Finance Ministry, PMO office to escalates the situation! This is pure looting of money from innocent hardworking people who helps such corp-orates at the time of their need

      2. Same situation is here too. I sent a friend to the FEL office at Ahmedabad. It was all locked and nobody was there. The nearby shops said that this closed 8-9 months ago.
        Please include me if any what’s app group has been formed on it. My number is 9934835629.

      3. The National Company Law Tribunal (NCLT) has ordered Insolvency Resolution Process against Future Enterprises, the company said in its exchange filing.

        The Mumbai bench of NCLT has also appointed Jitender Kothari as the interim resolution professional (IRP) in the case.

        NCLT said, “This Tribunal has already granted more than two and half months’ time to the Corporate Debtor to settle the amount. However, the Corporate Debtor has raised its hands. In view of the above facts and circumstances, this Bench has no option except to admit the above Company Petition.”

        The bench admitted the petition filed by Foresight Innovation, which has said that Future Enterprises has defaulted on payments worth Rs 1.58 crore.

        Operational creditor Retail Detailz India has filed another petition claiming a default of Rs 4.02 crore.

        Last September, Central Bank of India appointed J C Kabra and Associates to do a forensic audit of the accounts of Future Enterprises.

        Another Future Group firm, Future Retail was also admitted under Section 7 of the Insolvency and Bankruptcy Code.

        The Kishore Biyani-led retailer then said in a stock filing last week that Future Retail failed to get a plan for revival and no resolution plans were received by the RP.

        Future Group had signed a deal with Reliance Retail to sell its retail, wholesale, logistics and warehousing business for Rs 24,713 crore in August 2020. The deal fell through in April of last year.

        Future Enterprises also said in its filing that the management of the affairs of the corporate debtor vests in the IRP and the powers of the board of directors stand suspended and are to be exercised by the IRP.

        It also said that the officers and managers of the corporate debtor shall report to the IRP and provide access to such documents and records of the corporate debtor as may be required by the IRP.

  4. Hi all

    My fd is also matured in Dec 2022 but no maturity amount received. And no contact is working. Please advise what to do

  5. I am facing same issue with FEL .my FEL FD got matured in 10/09/2022 but my money not credited to account and there is no way email or contact number where I can call to get status. Please let me know if you get any updates

      1. Request you to please share some more information as lot us are really worried and being waiting for our money.

    1. Hello Mamta,

      Can you please let us know how it was resolved? Did you get the money in your account already?
      Kind request to please respond.

      Thanks
      Akash

      1. LOL! We know you received your money back . What you did to get your money back that process we want to know . You can mention in Hindi if English is an issue

      2. Hi Akash,

        i am Shubham from Bangalore even i am in the same situation as you and others are in. its hard earned money. my fd got matured in Dec 2022 and since then i have been trying every thing mailing them every week, trying whatever phone numbers i get online but no response. please add me to the group if there is one such created.

        +91-7019959945

      1. It’s very disheartening that I am subjected to such acquisitions.
        I informed the details of my process to help everyone. If I were the part of any such horrendous things then why should I come back to this platform again? I understand your pain. I pray with all my heart that you also get your money back.

      2. what is the maturity amount . One of my friend received on 17th Jan 23 . amount was less than 50k.

      3. @Rake Mohan, So people who have amount less than 50k are getting there amount back?
        This is a new news to me. Most of us here have amount in lakhs and matured in sept/oct 2022 and waiting since then.
        So we just sit and wait and keep emailing them like Mamta Mohanty did.. and which i have been doing since OCT every week one reminder.. Lets see ! We have raised it on Twitter and tagged govt authorities..!

      4. Today, in view of Delhi High Court’s order, the Govt. has ordered Sahara India to payback the Investors money immediately. Lets file a joint case against FEL if all of us are the victim of the same fraud.

      5. Madam ,my FD matured on 28/02/23 but till today I haven’t received my money back and not be able to contact with them. Kindly suggest me how can I get my money back ?

    1. Hi all

      My fd is also matured in Dec 2022 but no maturity amount received. And no contact is working. Please advise what to do ?
      My contact number is 9454636361

  6. My FD matured from November 22 and did not get back my money yet . Not sure i will get back my money or not.

  7. I am facing the same issue. My FD got matured on 1st January ’23. No replies as of now and all the phones are not working.
    Can anyone suggest, what steps we should take?

  8. I also haven’t received any response to my email to FD Central. Ours also got matured but no response yet from the company. Its frustrating.

  9. I am facing the same issue. My FD got matured 3 month earlier. No replies as of now and all the phones are not working.
    Can anyone suggest, what steps we should take?

    1. Hi! we are all in same boat!! Therefore actions should be similar by everyone!!
      I am going to take following actions if they do not response in next 10 days time.
      1) Going to nearby police station and lodge the FIR against concerned directors/Official/President of company for cheating/duping case. Because all of sudden everyone from company absconding, office address , contacts and emails are no More valid.
      2) File case with District consumer court
      3) Inform CLB (Company Law Board ) and other actions should include write on social media like twitter, facebook, and PMO office, Finance Ministry office, RBI etc.
      if all are of same opinion please suggest which action will be more helpful to get our hard earned money back from company.
      Let us create a whats app group to unite and update each other(No Spam please).

      1. Thanks Santosh, Please update on the whatsapp group on the proceedings you have taken on your end so far and response from the FIR

      2. The National Company Law Tribunal (NCLT) has ordered Insolvency Resolution Process against Future Enterprises, the company said in its exchange filing.

        The Mumbai bench of NCLT has also appointed Jitender Kothari as the interim resolution professional (IRP) in the case.

        NCLT said, “This Tribunal has already granted more than two and half months’ time to the Corporate Debtor to settle the amount. However, the Corporate Debtor has raised its hands. In view of the above facts and circumstances, this Bench has no option except to admit the above Company Petition.”

        The bench admitted the petition filed by Foresight Innovation, which has said that Future Enterprises has defaulted on payments worth Rs 1.58 crore.

        Operational creditor Retail Detailz India has filed another petition claiming a default of Rs 4.02 crore.

        Last September, Central Bank of India appointed J C Kabra and Associates to do a forensic audit of the accounts of Future Enterprises.

        Another Future Group firm, Future Retail was also admitted under Section 7 of the Insolvency and Bankruptcy Code.

        The Kishore Biyani-led retailer then said in a stock filing last week that Future Retail failed to get a plan for revival and no resolution plans were received by the RP.

        Future Group had signed a deal with Reliance Retail to sell its retail, wholesale, logistics and warehousing business for Rs 24,713 crore in August 2020. The deal fell through in April of last year.

        Future Enterprises also said in its filing that the management of the affairs of the corporate debtor vests in the IRP and the powers of the board of directors stand suspended and are to be exercised by the IRP.

        It also said that the officers and managers of the corporate debtor shall report to the IRP and provide access to such documents and records of the corporate debtor as may be required by the IRP.

        please contact the interim insolvancy agency to submit claim form…
        i am waiting for the claim form links….

  10. am facing the same issue. My FD got matured 8 month earlier. No replies as of now and all the phones are not working. Can we complain SEBI & RBI . If yes can you share e mail address.
    Can anyone suggest, what steps we should take?

  11. I am facing the same issue. My FD got matured 8 month earlier. No replies as of now and all the phones are not working. Can we complain SEBI & RBI . If yes can you share e mail address.
    Can anyone suggest, what steps we should take?

  12. Hello,

    I have also taken 1 FD from FEL. It got matured on 31st Jan 2023, no response from FEL. No calling numbers are working. All the emails are bouncing back.

    Please suggest a way forward.

  13. Even I have not received the maturity amount. Kindly include my whatsapp number 9159380413 if any whatsapp group exist regarding this issue

  14. If one PIL is to be filed in the supreme court, everything will fall in line. Those who are in Delhi can initiate the case and we can contribute money to fight against the Future Company. Reliance is equally responsible.

  15. I think the complaint should be made to ROC. Corporate deposits by companies are governed under Companies Act

    1. Dear Friends

      I am also face the same issue, FD matured in Dec,2022, I wrote 100 of mails, all bounce-back then I wrote to DEEPAK TANNA company secretory, he ha resigned,
      I got generated mail contact to roc.info@futuregroup.in, mail is reaching but no any response, how to get our money back.
      Please if anybody have contact detail please share

      Regards

      Athani

    2. The National Company Law Tribunal (NCLT) has ordered Insolvency Resolution Process against Future Enterprises, the company said in its exchange filing.

      The Mumbai bench of NCLT has also appointed Jitender Kothari as the interim resolution professional (IRP) in the case.

      NCLT said, “This Tribunal has already granted more than two and half months’ time to the Corporate Debtor to settle the amount. However, the Corporate Debtor has raised its hands. In view of the above facts and circumstances, this Bench has no option except to admit the above Company Petition.”

      The bench admitted the petition filed by Foresight Innovation, which has said that Future Enterprises has defaulted on payments worth Rs 1.58 crore.

      Operational creditor Retail Detailz India has filed another petition claiming a default of Rs 4.02 crore.

      Last September, Central Bank of India appointed J C Kabra and Associates to do a forensic audit of the accounts of Future Enterprises.

      Another Future Group firm, Future Retail was also admitted under Section 7 of the Insolvency and Bankruptcy Code.

      The Kishore Biyani-led retailer then said in a stock filing last week that Future Retail failed to get a plan for revival and no resolution plans were received by the RP.

      Future Group had signed a deal with Reliance Retail to sell its retail, wholesale, logistics and warehousing business for Rs 24,713 crore in August 2020. The deal fell through in April of last year.

      Future Enterprises also said in its filing that the management of the affairs of the corporate debtor vests in the IRP and the powers of the board of directors stand suspended and are to be exercised by the IRP.

      It also said that the officers and managers of the corporate debtor shall report to the IRP and provide access to such documents and records of the corporate debtor as may be required by the IRP.

      please contact the interim insolvancy agency to submit claim form…
      i am waiting for the claim form links….

  16. Everyone of us are in same situation. Request if anyone of you found a way to get back the money, please share with others. I have also joined the whatsapp group using the invite link

    1. This is the latest information for us
      Against Future enterprise limited insolvency procedure starts as per Mumbai court order..
      So we submit claim forms to the insolvency company..
      Any body know more details please reply here for us…
      Thanks
      Jothi basu
      selvastar2000@gmail.com

      A Mumbai bankruptcy court on Wednesday acted on a petition by a trade creditor and began corporate insolvency proceedings against Future Enterprises (FEL).

      The National Company Law Tribunal (NCLT) has appointed Jitendra Kothari as interim insolvency professional (IRP) for company, an order issued by the tribunal said. The division bench comprising Madhu Sinha and HV Subba Rao directed the operational creditor Foresight Innovations to deposit ₹5 crore toward initial corporate insolvency and resolution process (CIRP) costs.

    1. My FD matured 5 th Nov 22 and submitted the required documents and filled claim form etc but no response. Please add me also in the group

  17. My FD matured 5 th Nov 22 and submitted the required documents and filled claim form etc but no response. Please add me also in the group

  18. My FD with FEL matured on 31/12/2022 and I haven’t got my matured amount till now. I Sent a registered letter to their Ahmedabad office but it returned. Please add me to your group for further action against FEL.

      1. Hi there. Can you please share link of that website. As I filled complaint but nothing happened. Just want to crosscheck that I had complaint on right place.

        Thanks in advance

  19. This is Latest Information received for FG

    The National Company Law Tribunal (NCLT) has ordered Insolvency Resolution Process against Future Enterprises, the company said in its exchange filing.

    The Mumbai bench of NCLT has also appointed Jitender Kothari as the interim resolution professional (IRP) in the case.

    NCLT said, “This Tribunal has already granted more than two and half months’ time to the Corporate Debtor to settle the amount. However, the Corporate Debtor has raised its hands. In view of the above facts and circumstances, this Bench has no option except to admit the above Company Petition.”

    The bench admitted the petition filed by Foresight Innovation, which has said that Future Enterprises has defaulted on payments worth Rs 1.58 crore.

    Operational creditor Retail Detailz India has filed another petition claiming a default of Rs 4.02 crore.

    Last September, Central Bank of India appointed J C Kabra and Associates to do a forensic audit of the accounts of Future Enterprises.

    Another Future Group firm, Future Retail was also admitted under Section 7 of the Insolvency and Bankruptcy Code.

    The Kishore Biyani-led retailer then said in a stock filing last week that Future Retail failed to get a plan for revival and no resolution plans were received by the RP.

    Future Group had signed a deal with Reliance Retail to sell its retail, wholesale, logistics and warehousing business for Rs 24,713 crore in August 2020. The deal fell through in April of last year.

    Future Enterprises also said in its filing that the management of the affairs of the corporate debtor vests in the IRP and the powers of the board of directors stand suspended and are to be exercised by the IRP.

    It also said that the officers and managers of the corporate debtor shall report to the IRP and provide access to such documents and records of the corporate debtor as may be required by the IRP.

    if any of us (Victim) arranged any further information please share here..

  20. The company said in its exchange filing that the National Company Law Tribunal (NCLT) has ordered insolvency resolution process against Future Enterprises.

    The Mumbai bench of NCLT has also appointed Jitendra Kothari as the Interim Resolution Professional (IRP) in the matter.

    The NCLT said, “This tribunal has already granted more than two and a half months time to the corporate debtor to settle the amount. However, the corporate debtor has raised its hands. In view of the aforesaid facts and circumstances, this Bench has no option but to allow the aforesaid petition of the Company.”

    The bench accepted the petition filed by Foresight Innovations, which states that Future Enterprises has defaulted in payment of Rs 1.58 crore.

    Operational creditor Retail Detailz India has filed another petition claiming default of Rs 4.02 crore.

    Last September, the Central Bank of India appointed J C Kabra & Associates to conduct a forensic audit of Future Enterprises’ accounts.

    Future Retail, another firm of Future Group, was also admitted under section 7 of the Insolvency and Bankruptcy Code.

    The Kishore Biyani-led retailer said in a stock filing last week that Future Retail failed to receive the plan of revival and no resolution plan was received by RP.

    Future Group had signed an agreement with Reliance Retail in August 2020 to sell its retail, wholesale, logistics and warehousing businesses for Rs 24,713 crore. The deal fell through in April last year.

    Future Enterprises in its filing also said that the management of the affairs of the corporate debtor is vested in the IRP and the powers of the board of directors are suspended and will be exercised by the IRP.

    It also states that the officers and managers of the corporate debtor shall report to the IRP and provide access to such documents and records of the corporate debtor as may be required by the IRP.

  21. Please share me the WhatsApp group link so that I too can join and fight together.

    Dr. S A SELVAN

  22. My Future Group Fixed Deposit was due to mature on November 11, 2022, however, the maturity amount has not yet been credited.
    Please suggest a solution

  23. Pl can you update me on how I can join all of you – whatsapp group or email. I have lakhs invested as well

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