We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Manage Cookies
Resources for Businesses My BBB
Share
Business Profile

Retirement Communities

ShantiNiketan-FL, LLC

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Retirement Communities.

Complaints

Customer Complaints Summary

  • 1 complaint in the last 3 years.
  • 0 complaints closed in the last 12 months.

If you've experienced an issue

Submit a Complaint

The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

Sort by

Complaint status

Complaint type

  • Initial Complaint

    Date:03/05/2024

    Type:Product Issues
    Status:
    Unresolved
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    Date of transaction: March 4 2019 Amount I paid to the business: $20,000 What the business committed to provide me: This business had planned an IPO offering. They collected lot of money but did not go IPO. In May 2022 they informed their IPO plan was shelved. They asked me to fill a form, get it notarized and send it to them. They were planning to return the funds and close down the company. I have that letter with me and proof that I sent it to them.After that, they have been just pushing the dates to return the money.Now, I am not even getting a response to my emails and phone calls.I trusted them and invested $20,000. Now I am left hanging with no response from them. Nature of dispute: Following up for my money to be returned that was not used for the purpose that it was intended for. Whether business tried to resolve the problem: They are not responding to my emails and phone calls anymore. I have no faith in them.Account/order/tracking number: Shareholder number: ****** I have the copy of the certificate with all details. Please contact me and I can share it with you.

    Business Response

    Date: 03/13/2024

    Hi,

     

    This complaint relates to an investment in the equity of a company SHANTINIKETAN INTERNATIONAL CORPORATION.

    The company has been defunct for the last 4 years. All the original employees have left the company.

    However, as a group company we are working towards buying back the shares of this company (at 50% value) from our other businesses in our group.

    The only other choice we have is to bankrupt the company which we do not want to do. However if we are unable to have sufficient funds for the doing what we want to do this would be the last resort.

    This is not a PURCHASE from us. This is a share investment in a company. Share values varies based on business environment. It could possibly go to zero also. I am surprised this is a complaint to Better Business bureau. If someone loses an investment in the shares of a company, would BBB be able to resolve the issue.

     

    *********************

    Customer Answer

    Date: 03/19/2024

     
    Complaint: 21375930

    I am rejecting this response because:

    - The business entity is claiming that the investment company and they are different. The busines entity is the one that promoted the share offering.

    - On Aug 9, 2022, the business entity emailed me that Disbursements were on the way and that I should be receiving my check in a few days after that. 

    - It is March 19, 2024 and I am still waiting for the check. Were they just lying to me on Aug 9, 2022?

    Sincerely,

    *********************************

ShantiNiketan-FL, LLC is NOT a BBB Accredited Business.

To become accredited, a business must agree to BBB Standards for Trust and pass BBB's vetting process.

Why choose a BBB Accredited Business?

BBB Business Profiles may not be reproduced for sales or promotional purposes.

BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.

As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.