1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 682 of 2009 IN COMPANY PETITION NO. 253 of 2009 Valia Impex Pvt. Ltd. ....Petitioners v/s. Maniyar Plast Ltd. ....Respondents Mr. Santosh Shetty for the petitioners. Mr. Upadhye i/b. Madhuri Deshpande-Ravuri for the respondents. CORAM:- A.M.KHANWILKAR, J DATED:- July 17, 2009. P.C. Heard Counsel for the parties. 2. By separate order, Company Petition has already been admitted. As a matter of fact, one more Company Petition has been admitted against the Respondent company being Company Petition No. 360/2009. In the said Petition, the claim against the Respondent Company is in the sum of Rs. 55,76,357.84. Out of that amount, the Company was willing to offer only principal amount which was not acceptable to the said Petitioner. In the present proceedings, the Respondent Company has admitted its liability to pay 2 atleast amount of Rs. 1,32,26,696/-. There is nothing on record to suggest that the Respondent company will be in a position to discharge its obligation. On that prima-facie opinion, I have already admitted the Company Petitions. The liability of the Respondent Company is quite substantial even if the claim of only two creditors is to be reckoned. 3. Taking over all view of the matter, therefore, it will be just and proper to accede to the request of the appointment of Provisional Liquidator. Accordingly, this Application deserves to be allowed in terms of prayer clauses (a)&(b). Ordered accordingly. (A.M.KHANWILKAR, J)