Petition Closed

all investors want their money back with interest from Pancard club india pvt lmtd

This petition had 278 supporters

I am a member of pancard club india pvt ltd since 2011. I have invested 33k from 2011 to 2013. I had to get 49k after my maturity which was completed in 2014. But I have not received any amount plus the interest from 2011 till today's date from Pan Card Club.

There are around 52 lacs investors who have invested in pancard club ltd and they are not getting their money back,.

Pancard Clubs mobilized Rs 7,035 crore from 51,55,516 investors from 2002-03 to 2013-14 through its various holiday schemes.

Pulling the plug on illegal mobilization of funds worth more than Rs 7,000 crore, markets regulator Sebi ordered Pancard Clubs to refund the money raised from public within three months on 29 feb 2016. But still no investor have got their money as well as there is no response investors are getting from company.

Despite Sebi Orders the company is not refunding and at the same time the company is running its business of Hotels and Resorts. The Office in worli also do not respond or attend to any phone calls. It is my hard earned money and I am not aware of the situation and the time to receive my money back.

We want maharashtra government to look into this issue  as this is getting worst day by day.

Please sign this petition to get it considered by Maharashtra government.


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Hemangi Mhatre needs your help with “Government of Maharashtra and SEBI: all investors want their money back with interest from Pancard club india pvt lmtd”. Join Hemangi and 277 supporters today.