Will government act before Jaypee Group becomes the next Sahara or Kingfisher?
This petition had 302 supporters
Jai Prakash Associates Limited, Jaypee Group raised thousands of crores of deposits from ordinary retail investors in the form of guaranteed company fixed deposits till 2014. The company has failed to pay back the maturity sum of money to the investors whose fixed deposits have already matured.
It has been 2 years that the fixed deposit investors are waiting for the company's response and payment of the maturity amount of their respective fixed deposit investments.
Many investors have already written to the Prime Minister's Office, Ministry of Corporate Affairs, Company Law Board, Reserve Bank of India and other government agencies. However no action has been taken against Jai Prakash Associates Limited, Jaypee Group so far and with each passing day the hope for economic justice is becoming thinner and a distant dream.
Your sincere support by signing up this online petition will ensure and enforce the Indian central government agencies to take a strict action against the likes of Jai Prakash Associates Limited, Jaypee Group in view of the ordinary small investors' rights protection. This will surely give immense fillip in resolving the ongoing issue of delayed economic justice to those who invested in the company fixed deposit of Jai Prakash Associates Limited, Jaypee Group. Without your valuable support it will not be possible to enforce the Indian central government, administration and judiciary to take cognizance of the financial stress which the ordinary company fixed deposit investors are going through. Government of India should not only resolve the current ongoing crisis in this space but also come up with improved legal framework for faster economic justice for small retail investors.
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Shankar Mazumder needs your help with “Can Narendra Modi's pro-business government save the ordinary retail investors who have put their life savings into Jai Prakash Associates company fixed deposits?”. Join Shankar and 301 supporters today.