1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi COMPANY PETITION NO. 810 OF 2009. Clear Channel Communications India. ..Petitioner. vs. Essel Sports Pvt. Ltd. ..Respondent. .... Mr. Sumit Rai, i/b. Madhur Baya, for Petitioners. Ms. Pooja Tidke, i/b. ALMT Legal, for Respondent. .... CORAM : S.J. KATHAWALLA, J. DATE : 11TH MARCH 2010. P.C. The following order is passed by consent of the parties :- (i) The respondent company shall pay an amount of Rs.1,35,00,000/- to the petitioner in full and final settlement of the petitioner's claim against the respondent company, as follows :- (a) A sum of Rs.1 crore shall be paid by a Demand Draft drawn in the name of the petitioner and forwarded to the Advocates for the petitioner, on or before 15th March 2010; (b) The balance amount of Rs.35,00,000/- shall be paid by a Demand Draft drawn in the name of the 2 petitioner and forwarded to the Advocates for the petitioner, on or before 30th April 2010. (ii) In the event of the respondent company committing default in payment of any of the above two installments, the company petition shall revive without reference to this Court; the entire claim of the petitioner shall become due forthwith; the petitioner shall stand admitted and made returnable within six weeks from the date of default and advertised in two local newspapers, namely “Free Press Journal”, “Maharashtra Times” and in the Maharashtra Government Gazette. The petitioner shall deposit an amount of Rs.10,000/- with the Prothonotary and Senior Master towards the publication charges, within one week from the date of default, with intimation to the Company Registrar failing which the petition shall stand dismissed for non-prosecution. (iv) The company petition is accordingly disposed of. [ S.J.KATHAWALLA, J. ]