I am also a investor with the City Limo.... since Feb 2005 and I am reading all the reviews posted by fellow investors on this very useful site. Kindly go through the below news on City Limouzines appeared in TOI (Mumbai Edition) on 08 Oct 09 (Today). May GOD give strength to all of us to come over this crisis
Thanks & Regards,
City Limouzines meetings put school in a tizzyC Unnikrishnan , TNN 8 October 2009, 02:56am ISTMUMBAI: The City Lim-ouzines scam is proving to be a headache for staffers of a south Mumbai school. Although there is no direct link between the two, Wilson High School is the venue of creditors’ meetings to be held next week by the company management. City Group has arranged meetings of City Realcom and City Limouzines’ creditors on October 14 and 15, respectively, to finalise the repayment pattern.
The clerical staff of the school, which is located a little away from V P Road police station, is furious at the number of calls received every day besides having to reply to queries from investors who drop by. "We do not have any information about this meeting. We are fed up of the queries from the public. Exams are going on, ’’ one of the staff members said. Although the company inserted ads in newspapers about the meeting weeks ago, there has been no initiative to make arrangements, investors alleged.
The school has been receiving calls from Kolkata and Bangalore. "Our sympathies are with them. But we are helpless, ’’ said a staff member said. Initially the staff used to be more responsive to the calls. "Now the moment we hear the word meeting, we reply `wrong number’. At times we disconnect the telephone line.’’ The security guard too has kept himself abreast of the developments that the moment a stranger enters the school premises, he promptly asks, "You want to know about City Limouzine meeting?’’
On Wednesday, at least two investors visited the school. One of them, a retired railway employee, had travelled all the way from Badlapur. "A part of my retirement benefits was invested in the company, ’’ he said.Many investors called TOI asking whether they stand a chance of getting the money. "The repayment scheme is not clear. Does it make any sense to travel all the way from Kolkata for the meeting?’’ one of them asked.