Indian Magazine in Melbourne Australian indian magazine in Sydney indian community magazine in melbourne Indian Newspaper Magazine in Melbourne Indian Magazine in Sydney Bollywood News Magazine Australian indian News in melbourne Image Image Image

| December 14, 2019

Why Choose Us We Are An Audited Publication. Advertise With Us.

Scroll to top


No Comments


Jason Lee
  • On January 6, 2016

Travellers who bought tickets from Blacktown-based travel agency, Value World Travel, now find themselves out of pocket when their tickets were cancelled in the last minute without intimation. More than $3 million dollars are said to have been unaccounted for.

It is not a collapse rivalling the size or scale of Enron or Lehmann Brothers, but in the Indian community in Sydney, angry whispers are still being heard of the collapse of Value World Travel Pty Ltd, a Blacktown-based travel agency that siphoned off more than $3 million in booked tickets.

Hapless travellers, most of whom booked their tickets months in advance, found out about the cancellation of their tickets only after they reached the airport on the day of their travel, and by then, last-minute tickets were too expensive to buy.

An estimated 2170 customers, most of them of Indian origin, booked tickets as early as May 2015 to travel home for Christmas and Diwali holidays. The average ticket price was around $1200 – $1400, which means the total potential losses for travellers in total is upwards of $3 million.

Two of Value World Travel’s former directors, Neni Vijayant Tiwary, 42, and Gargi Tripathi, 40, were banned from managing companies by the corporate regulator in January this year over the collapse of two green slip insurance businesses, Value Greenslips Pty Ltd and ICRA Pty Ltd, both of which went into administration in 2012.

The ticket wholesaler, CVFR Travel Group, is also claiming that it is a victim in the whole charade. It maintains that it purchased airline tickets on behalf of Value World Travel, but it never received payment. The wholesaler still has to pay the money to the airline whether he gets paid or not, so they’ve taken a huge loss as well.

When it was clear to the wholesaler that the money was not going to come, they sent messages to the customers informing them that their tickets have been cancelled, in an attempt to recoup at least some of the money that went into booking of the tickets. This left customers thousands of dollars out of pocket.

Many customers were therefore forced to book their tickets again at the last moment, causing them further losses in money and stress. The company has been liquidated, so the Fair Trading commission also is not in a position to mandate the dispute between the two parties.

Mr Tiwary and Ms Tripathi are yet to give their comment.

It will be a huge sigh of relief for the Indian community in Sydney if the lost money can be recouped. But as of now, the chances look bleak.

You may also like:
Fun Christmas Games
Fun Christmas Games To Try With The Whole Family

Want To Make Your Christmas Tree A Stunner? Read On…
The Best Events in Sydney for Christmas 2019
Best Christmas Gift
What’s The Best Christmas Gift? Yes, An Experience!
How To Save Before Christmas
How To Save Before Christmas
Aldi Samosa Maker
Ditch Kmart Pie Maker, Make Your Delicious Cake Now with Aldi Samosa Maker

Submit a Comment

Enquire About Advertising With Us

Read previous post:

There are many things to look forward to in 2016, not least the movies that feature in the Bollywood calendar...