1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH : NAGPUR OLR NO. 10 OF 2009 IN OLR NO. 47 OF 2003 (In the matter of M/s. Sanjeevani Savings & Investments (I) Ltd.) Office Notes, Office Memoranda of Coram, appearances, Court's orders Court's or Judge's orders or directions and Registrar's orders. CORAM : B.P. DHARMADHIKARI, J. FEBRUARY 27, 2009. The advertisement was already issued and investigation has been carried out. The interested claimants have also been paid. The Official Liquidator has pointed out that dividend to the extent of 40% was declared in 2003 and about 8000 claimants have so far not turned up for collecting the cheques. According to him, therefore, the entire amount in balance cannot be stated to be the amount which needs to be deposited with Government as unclaimed/ uncashed cheques in terms of Section 555 of Companies Act. The Official Liquidator is, therefore, seeking direction to enable him to issue one more advertisement under Rule 276 of Companies Rules, as according to him, there are other claimants also. The persons having claims have every right to raise the claims and the claims can be 2 considered as and when raised. It is apparent that for last six years the so called 8000 claimants have not turned up to claim their amount. In the circumstances, I do not find any propriety in keeping the amount of Rs.35,43,000.40 paise in suspension account with Official Liquidator. The provisions of Section 555 of Companies Act are very clear. The Official Liquidator to transfer the amount to government accordingly. OLR is disposed of. JUDGE *GS.