STC Technologies

I am cannane from chennai, reachable at [protected]@gmail.com. stc technologies (stctek.com) having its registered office at kimbarley towers, #y-222, 3rd floor, 2nd avenue, annanagar, chennai – 600 040 has been referred by one of my friends mentioning they are expanding their “testing training courses” by means of “franchising”. Oct 2013: one mr. vijayakumar ([protected]), a manager in stc technologies told me that mnc banks like “citibank” and many other nationalized banks will provide business loans based on their “franchising agreement”. they also committed that I could earn upto rs. 2, 00, 000/= (two lakhs) per month if I get their franchising. believing their words I continued with further steps. They asked me to make rs. 10, 00, 000/- (indian rupees ten lakhs) along with service tax 12.36% which came around 11, 23, 600/- (indian rupees elevan lakhs twenty three thousand and six hundred) as one time cost for franchising. Dec 2013: I made a payment of rs. 5, 00, 000/- (five lakhs) through cheque. they signed and gave me their “franchising agreement”. when I asked them to pledge the “franchising agreement” for further amount, they told that it can not be done. In the interim, I found an office at solinganallur junction as per their specification. I paid advance and started paying rent as well. attached herewith the email and photos on office premises. By this time they introduced another person named mr. syed ([protected]) who was the “accounts manager”. he said that he could arrange money from private people who lends money for interest. Jan 2014: they asked me to pledge 52 plots of my layout that worth about rs. 60 lakhs for the remaining franchising amount (rs.6, 23, 600/-). I asked why to pledge so much when my outstanding amount is only around rs. 6 lakhs. they told that is the way they do business. initially they promised that they will pledge for rs. 15, 00, 000/ lakhs (for the amount of rs.6, 23, 000/-). I agreed half minded, but in the mortgage document they typed for rs. 25, 00, 000/- in the last minute, just before registration. when I asked about that they said its only for formality and as and when the rs.6, 23, 000/= cleared they will cancel the mod. To my surprise, once I mortgaged the property to one of their guy named mr. rakesh ([protected], [protected]) from arakonam they stopped communicating to me. No response to my calls, no reply to my mails and no franchising business given to me. All these days their intention was to get hold of my land. once it happened they never respond to me. I made complaint on this and they appeared at local station. but till now nothing happened. Jan 2014: they obtained 10 blank cheques from me as part of mod, and started torturing me by means of cheque bounce. they sent me legal notice and gave mental tension without providing any input to me. there was a gentleman named mr. shankar ([protected]) who argued for the stc company mentioning the franchising amount (rs. 11, 23, 600/-) was non refundable. hats off to the whole team as how nicely play their role and trying to grab others money and land by means of so called “stc technologies”. they play around with words by means of a “franchising agreement” and trying to grab other”s money and land. this has to be handled with high priority and such social sickness should be removed out. Stc directors named mr. thirumalraj and mr. saranvel were signed in the franchising agreement. Jul 2017: I may request them to “cancel the mortgage” on priority basis and sort this issue out.