1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.654 OF 2006 M/s.Suryoday Metal Corporation .. Petitioners Vs. Reynolds Chemequip Pvt.Ltd. ... Respondents Ms.Nita G. Solanki for the petitioners None for the respondents CORAM : S.J. VAZIFDAR, J. DATED : 19th JULY, 2010 P.C.: 1. This is a petition for winding up the respondent company inter alia on the ground that it is unable to pay its debts. 2. According to the petitioners, the Company is indebted to them in the sum which exceeds Rs.3.0 lacs. The claim arises on account of goods sold and delivered by it to the respondents on the terms and conditions contained in the invoices. There is no affidavit in reply. The Company remained absent throughout. The Company is absent today. 2 3. The Company Petition is therefore, made absolute in terms of prayer clause (a) and (b). The petitioners shall be entitled to costs of Rs. 5,000/- which may be recovered in the winding up proceedings. 4. Till the Official Liquidator takes possession, the respondent company shall not dispose of, alienate, encumber, part with possession or create any third party rights in respect of its properties except payment of wages, salaries and statutory dues.