Nagarjuna Finance Limited (for short “NFL”)

Hi Team, As we have desposited 1 lakh amount amount in Nagarjuna Finance Limited as we are unable to recover money and as my father filed case as civil offence in district commision on Nagarjuna Finance Limited prmoting directors K.s raju and others got the order favour to us so thy deposied 25,000 and appeled to statecomission then we got order as ask MSFS(Mahalaxmi Factoring services Limited) and we applealed it to national comissions there thy refer the case to district commission and we are unable to find those MSFS service compan address and directors as thy are not tracable and we send notices to them and thy are not received by any one as it is of fake company.Then he got to know in civil we may not get the soln and failed criminal case in tanuku there thy given NBW warrant on k.sraju and other directors but now from highcourt thy got stay order for 3 months,so we need some advise from yours what we have to follow to become successful. And we got some evidence that k.s raju areest i.e on 2008 and some got success in recovering the money.Summary of other cases "The Supreme Court has convicted K S Raju, Promoter Director of Hyderabad-based Nagarjuna Finance Limited (NFL), for contempt of court for not refunding the money to its investors as directed by the Company Law board. A bench of justices Vikramajit Sen and Prafulla C Pant allowed 60 days time to the company and Raju to return the money, failing which he has to undergo imprisonment for six months. It upheld the single bench order of the Andhra Pradesh High Court which had convicted the company and Raju for contempt of court and awarded six months jail term and fine of Rs 2,000. The bench set aside the order passed by division bench of the high court which had set aside their conviction and sentence. “If the amount is paid to the present appellant as directed by this court within 60 days, the sentence shall be reduced to the extent of fine only,” it said. “In our opinion, K S Raju wilfully disobeyed the order of CLB and breached the undertaking given to CLB, and thereby committed Contempt of Court subordinate to HC as such the division bench of the High Court has erred in law in allowing the contempt appeal by Raju and setting aside his conviction and sentence, recorded against him by the learned single judge,” it said. The bench passed the order on plea filed by one of the investors E Bapanaiah, who had deposited Rs 4 lakh with NFL in 1997 after the company promised that the amount would multiply to double within 45 months. Bapanaiah had filed contempt petition in HC after the company failed to return the money alleging there is a wilful disobedience of order passed by Company Law Board, Southern Region Bench, and for breach of undertakings including one filed by Raju before CLB on refunding the money."regards: d.durga