City Limouzines Case News: Court Orders Reserved Till Nov.13

Posted on November 9 2009 by Manik Jaiswal
City-Limouzines-India-Limited
City Limouzines Financial Fraud Case News: Court Orders Reserved

City Limouzines chairman S M Masood has moved the Supreme Court seeking relief.

The sessions court heard the heard the arguments for anticipatory bail and reserved its order for November 13.

The defence tried to seek anticipatory bail on the ground of the case being a civil dispute. He remarked that the payment were not initiated as their accounts had been frozen and operations stopped by the police and other authorities.

In prosecuting the argument, later commented that if this was the case then banks would have made a remark while dishonoring the cheques, while the remarks for not honouring the cheques were “insufficient funds and stop payment”

He said that this remark itself proves that company has no money in its accounts and funds have been diverted for which investigation has to be carried out and hence demanded Masood’s custody.

City Limouzines Scam Update, Date :- 10-12-2009

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11 Responses to “City Limouzines Case News: Court Orders Reserved Till Nov.13”

  1. Arindam Pan says:

    please tell us what to do to withdraw our policy.

  2. Arindam Pan says:

    please tell me whats the news of this case. if we want to withdraw our policy what should we do.

  3. Y.D.Chaudhari says:

    Sir,

    Please Update me the Information about City Realcom Ltd. & City Limouzines Ltd., since I have invested in the respective Companies
    My contact no. is 9422284472

  4. k.praveen kumar says:

    tomorrow meeting (21.01.10;4.00PM)is there in hyderabad city office.

  5. a.pitchaiah choudary says:

    pl inform latest position of court case after nov hearing

  6. P. N. Rao says:

    Sir,

    Please Update me the Information about City Realcom Ltd. & City Limouzines Ltd., since I have invested in the respective Companies.

    With Best Regards,

    P.N. Rao

  7. T.parvez says:

    PLEASE SEND ME ALL THE UPDATED NEWS REGARDING CITY LIMOUSIN AND CITY REALCOM.

    REGARDS

    T.PARVEZ.

  8. Manik says:

    Thanks Basha !
    Please check the details in the next news, it shows that a panel of eight members have been formed for unbiassed investigation.

    Please be assured, you will surely get your money back.

  9. PLEASE SEND ME ALL THE UPDATED NEWS REGARDING CITY LIMOUZINE & CITY REALCOM AS SOON AS POSSIBLE ON GIVEN APPROPRAITE EMAIL ID .

    REGARDS

    MONICA CHAWDA

  10. basha says:

    THANKS MANIK SIR. PLS KEEP UPDATING LATEST NEWS OF CITY LIMO. IS THERE ANYTHING GOING ABOUT RETURNING INVESTORS MONEY … PLS KEEP POSTING….

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