Non payment of Interest on my Secured Non Convertible Debentures
12-Sep-2023 (In Banking / Finance Law)
I have invested my retirement savings in Reliance Home finance company secured NCDs for annual interest payment to take care of my living. Since one year company stopped payment of interest. And also they are not responding my requests. I am 67 years retired senior citizen. How can I get back my interest and principal invested in Reliance Home Finance. Pl help me.
Hi sir,
There is no NCDs now a day's. Old NCDs are already closed and companies paid the principal amount to the clients.
As per my knowledge Non Convertible Debentures closed 7 years ago. Total principal amounts paid to the clients with interest few years ago. So, there is no Debentures.
I think Reliance Home fin also not paying interest since few years.
Better to consult a senior financial analyst or advisor for more information.
If you want more details , please share your NCD papers through mail or call me.
Have a nice day sir. Good luck.
There is no NCDs now a day's. Old NCDs are already closed and companies paid the principal amount to the clients.
As per my knowledge Non Convertible Debentures closed 7 years ago. Total principal amounts paid to the clients with interest few years ago. So, there is no Debentures.
I think Reliance Home fin also not paying interest since few years.
Better to consult a senior financial analyst or advisor for more information.
If you want more details , please share your NCD papers through mail or call me.
Have a nice day sir. Good luck.
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