Heera Group issues circular inviting interested parties to contact
New Delhi (Report: Mutiur Rehman Aziz) Heera Group of Companies has announced the settlement of its investors through properties by issuing the IBG membership disbursement schedule on January 23. After talking to sources close to the official, it was learned that through the Supreme Court’s guidelines, in which the Supreme Court had said that if someone converts their money into properties, the court will register such people and provide relief to both the company and the investors, keeping in mind transparency. According to sources close to CEO, Dr. Nowhera Sheikh, the company is currently providing more facilities in properties, as far as cash is concerned. Therefore, it will be a good initiative for those who convert their money into properties through one, two or more people, this will not only be a relief for the company but investors will also be able to get relief by registering their names. The text with which Heera Group of Companies approached the public is something like this: First of all, we express our heartfelt gratitude for your trust and continued support in Heera Group. Your sacrifices and hard work have helped us successfully make payments to thousands of IBG members since 2018. It is the strength of your support that we have overcome difficult situations and worked with transparency all these years. Today, in the same spirit, we are happy to announce that we are launching the IBG Disbursement Schedule for Active TCNs. We are committed to completing the payments of all eligible members by December 2025. This schedule will not only be transparent for all people but will also ensure your convenience.
1) Payment Options: The payment process has been designed to be easy for members and tailored to their needs. In this regard, the following three options are offered, from which you can choose any one as per your convenience: 1. Payment in lieu of land : Members will be given plots of land of equal value. Under this option, the details of the land will be provided at the time of discussion. This is the best option for those members who are interested in investing or want to own property. 2. Lump sum payment : Under this option, the members will be provided with the full amount in one go on mutually agreed terms. This is best for those who want to make a quick payment and want to avoid complications. 3. Buyback within one year: Under this option, the payment will be made within one year as per the agreement. This option is suitable for members who can wait but want to be sure of their payment. All three options provide flexibility to members and provide convenience as per their preferences. 2) Payment Process: To make the payment process easy, transparent, and efficient, we have laid down the following steps: 1. Application Submission : Members are required to submit the application form for their chosen option within the stipulated time. This is the first step and failure to follow it may lead to delays. 2. Verification : Each application will be checked in detail to ensure that the applicant is eligible. The aim of this process is to maintain transparency and accuracy. 3. Final Approval of Option: We will contact each member individually via email or helpline and confirm their chosen option. 4.. MOU-based Process: All payments will be made under the Memorandum of Understanding (MOU) agreed with the members. This will make all the terms and conditions clear and avoid any kind of dispute.
Why are these steps necessary? All these steps are very important as they ensure transparency, prevent errors, and also ensure that every eligible member is paid his/her dues in an orderly and timely manner. 3) Payment Rules and Regulations: In order to treat all members equally and complete the payment in a timely manner, we will follow the following rules: 1. FIFO (First In, First Out): The applications submitted first will be processed first. 2. LIFO (Last In, First Out): TCNs of 2018 will be processed first so that older cases can be completed quickly. 3. Completion of MOU: Each member will have to sign an agreement before receiving their payment. This agreement ensures transparency and legal protection. 4. Personalized updates: Each member will be provided with updates according to the timeline of his application so that he is not left unaware at any stage. Why are these regulations necessary? These regulations not only ensure fairness but also enable timely and transparent payments. 4) Communication Rules: The following rules will apply to regulate communication between members and maintain privacy: 1.. Contact for yourself: Members cannot contact on behalf of anyone else, except if they are the legal heirs of a deceased member. 2.. Each membership is separate: Each IBG membership will be contacted separately to avoid any confusion.