1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 649 OF 2002 R.K. Plastomech ... Petitioners Vs M/s. PEC Valves Private Limited. ... Respondent Ms. Megha Mohite i/b Manoj Bhatt for the Petitioners. None for the Respondent. CORAM : S.J. VAZIFDAR, J. DATED : 7TH JULY, 2010. P.C. : 1. This is a Company Petition for winding up the Respondent- company on the ground that it is unable to pay its debts. 2. According to the Petitioners, the Respondent is indebted to them in the sum of Rs.2,85,157.88 with further interest at eighteen per cent per annum. The claim arises in respect of the goods sold and delivered by the Petitioner to the Respondent under various invoices 2 between the period 9th January, 2001 and 29th March, 2001. 2. There is no affidavit-in-reply. The company was absent when the petition was admitted. The company is absent even today. There was no reply to the statutory notice dated 21st February, 2002. In the circumstances, it is clear that the company is unable to pay its debts. 3. In the circumstances, the Company Petition is made absolute in terms of prayer (a), which reads as under :- “(a) This Hon’ble Court be pleased to order and direct that the said Company viz. M/s. PEC Valves Pvt. Ltd., be wound up under the provisions of the Companies Act of 1956 and that the official liquidator of this Hon’ble Court or such other fit and proper person be appointed as Liquidator of said company;” 4. The Petitioner shall also be entitled to costs, fixed at Rs.5,000/- which the Petitioner shall be entitled to recover in the winding up proceedings.