1 MSS IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE APPELLATE SIDE APPELLATE SIDE WRIT PETITION NO. 1248 OF 2004 UNIMERS INDIA LTD. & ORS. .. PETITIONERS VS. UNION OF INDIA & ORS. .. RESPONDENTS Mr. Modi i/b Pankaj Savant with L.A. Ruben & Mr. Sujit Survyawanshi i/b Vigil Juris for petitioner Mr. Y.S. Bhate for R-1 to 4 CORAM: SMT. RANJANA DESAI & SMT. R.S. DALVI, JJ. DATE: 23-1-2008 P.C. . In this petition constitutional validity of Section 274(1)(g) of the Companies Act, 1956 is challenged. In Snowcem India Ltd. & Ors. v. Union of India & Ors. decided on 24/9/2004 by Division Bench of this court (Dalveer Bhandari, CJ. & Dr. D. Y. Chandrachud, J.) the constitutional validity of this section is upheld. That challenge, therefore, does not survive. 2. In the circumstances, the learned counsel for the petitioners seeks permission to withdraw the 2 petition. Petition is allowed to be withdrawn with liberty to the petitioners to file fresh petition on any other grounds, if such a remedy is available to them in law. 3. The petition is disposed of as withdrawn. In view of the above, civil application is also disposed of. JUDGE JUDGE