Elder Pharmaceuticals – COMPANY NOT RETURNING PRINCIPAL NOR PAYING THE INTEREST ON FDs

I HAVE 2.1 LAKH OF FDs due for redemption besides outstanding interest. THE INTEREST WARRANTS HAD BOUNCED IN OCT 14 .There is no word from the company since on the payments of outstanding interest.One FDR was submitted for refund nearly a year back through the broker INTEGRATED ENTERPRISES BUT THERE IS NO ACKNOWLEDGEMENT FROM THE COMPANY.The GOVERNMENT IS NOT CONCERNED OVER THE PLIGHT OF THE DEPOSIITORS OF FDs,the RBI should have allowed a phased stoppage of borrowings and refund of fdr /NCD money to investors.


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