1 29.cp.775.01 skt IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.775 OF 2001 Manipal Finance Corporation Ltd. ....Petitioner V/s. Boiwin Pharma Ltd. ....Respondent ..... Mr.S.P.Bharti for the Petitioner. None for the Respondent. .... CORAM : S.J. VAZIFDAR, J. DATE : 15TH DECEMBER, 2010. P.C. :- 1. This is a petition for winding up of the Respondent-company inter alia on the ground that it is unable to pay its debts. 2. According to the Petitioner, a sum over Rs.50 lacs is now due and payable by the Respondent. The claim arises in respect of hire-purchase agreement under which the Petitioner had hired machinery/equipment to the Respondent. The disputes and differences between the parties were referred to arbitration. An award has been made in favour of the Petitioner in a sum of Rs.48,89,951/- together with interest at 21 percent per annum on arrears of Rs.16,32,960/-. The learned counsel appearing on behalf of the Petitioner states that the award has become final. There is no challenge to the same. 2 29.cp.775.01 3. There is no reply to the statutory notice. The Respondent is absent. There is no affidavit-in-reply. There is no defence to the Petitioner’s claim. 4. In the circumstances, the petition is made absolute in terms of prayers (a) & (b). 5. The Petitioner shall also be entitled to costs fixed at Rs. 10,000/- to be recovered in the winding up proceedings. 6. The petition is accordingly disposed of. -