1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.453 OF 2004 Urmila & Co. Ltd. ..Petitioner. V/s. Seatrans Shipping Ltd. ..Respondent. Mr.Shiralkar i/b. Shiralkar & Co. for petitioner. Mr.Ashwin Shankar for respondent. Mr.S. Ramakantha, Dy. O.L. CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J DATE : FEBRUARY 14, 2008. DATE : FEBRUARY 14, 2008. DATE : FEBRUARY 14, 2008. P.C. : P.C. : P.C. : 1. Although this Petition is admitted in terms of the Order dated 3rd March, 2005 and was subsequently disposed off in terms of the Order dated 17th August, 2007, however, in view of the subsequent development Order dated 17th August, 2007 came to be recalled. As a result, the Petition is once again revived, to be considered on its own merit. As aforesaid, on account of settlement, the Petitioners are not interested in pursuing this remedy. The parties were directed to publish advertisement regarding proposed withdrawal of the Petition. That has been done, which fact is stated in affidavit dated 28th January, 2008. 2 2. Office remark indicates that no claim or objection to support or oppose the Petition has been received so far. Similarly, neither the Petitioner nor the Respondent has received any claim inspite of the publication of proposed withdrawal advertisement. 3. In the circumstances, this Petition is disposed off in terms of settlement terms dated 23rd January, 2008, which is signed by the parties as well as their advocates tendered taken on record marked "X" for identification. 4. This Petition is disposed off on the above terms on condition that the Respondent company shall pay costs quantified at Rs.5,000/- to the Official Liquidator within one week from today. Payment of cost is condition precedent. (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J)