Investors can now file their claim forms: Madras HC

Chennai, March 17 The Administrator appointed by the Madras High Court has urged the investors who have lost their savings in Anubhav Group of Companies to file their claims before April 21, 2008.
Senior Lawyer M Ravindran had been appointed as the administrator by the Madras High court which had ordered the liquidation proceedings of the company.
In the year 2000, 265 firms of Anubhav finance along with Anubhav Plantations Limited, Anubhav Homes Ltd, Anubhav Foundations(P) ltd, Anubhav Green Farms and resorts(P) ltd, Anubhav Plantation Teak Schemes were ordered to be wound up by the Madras High Court. The assets of the company, both movable and immovable were sold by an open auction under the supervision of the court and the claims were called from investors and depositors in the year 2004 through paper publications.
About 30,000 investors filed their claims and about Rs 45 crores was disbursed as the first instalment, which was 50 per cent of the amount invested in teak and finance schemes.
The High Court is now considering the payment of second instalment out of the funds available to them. Though the last date of filing the claims was June 30 2005, the court had extended its date to April 21 2008.
The claimants are advised to file their claims before April 21,2008 to Mr M Ravindran, Senior Advocate and Administrator, at Anubhav Group Of Companies, G-131,Basement, Anna Nagar East, Chennai-600102.
Mr Ravindran had also urged all those claimants who have changed their addresses to intimate them at the above address.
Chennaionline; Published: Tuesday, March 18, 2008