Morepan Laboratories
Prem Dhawan
(Querist) 11 December 2009
This query is : Resolved
Hi,
Does anyone know about Fixed deposit holders' case related to Morepan laboratories?
I am one of the deposit holders and haven't received the refund yet. I came to know that court has directed Morepan to issue equity shares but I haven't received the shares yet.
Is anyone in same boat?
Has anyone received the shares?
Thanks for sharing and guiding.
adv. rajeev ( rajoo )
(Expert) 12 December 2009
You would receive the answer from the members who are sailing in the same boat. ;My suggestion is that you issue a legal notice to the company, if they didn't reply then move to the consumer court.
Raj Kumar Makkad
(Expert) 12 December 2009
Open the site of High Court of your state wherein liquidator/arbitrator might have been shown appointed. You must contact him or you may file a direct complaint to Company Law Board.
Prem Dhawan
(Querist) 12 December 2009
Thanks for the replies so far.
In the order issued by HC Himachal Pradesh, Morepan was directed to issue equity shares but I don't if shares has been issued already. I haven't received them as yet.
Link to the court order: http://www.morepen.com/pdf/High-court-order-and-petition.pdf
More than 2 months ago company replied to my email query tell me that shares will be issued shortly but there was no clear timeline given.
So I would like to know from other members and experts about my next steps.
