IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION APPEAL NO.100/2008 IN COMPANY PETITION NO.1016/2000 Nego Holdings Ltd. Appellant/ Vs. National Stock Exchange of India Limited and Anr. Respondent Mr.Rakesh Dubey i/b Mr.S.K.Dubey for appellant Ms.Neelam Goenka ,Ex-Director of Appellant Company . Ms.RozminLakhani i/b M/s S.Satpute & Co. for Res.no.1 & 2 Ms.Deepa Pai for O/L CORAM: S.B.Mhase , & Prasanna B.Varale , J.J. DATED : August ,7,2008. P.C. 1] Yesterday learned advocate for the appellant was absent . It was reported by Mr.Rakesh Dubey that he has gone for festival to his native place,therefore, the matter was kept today .Today the learned counsel appeared and submitted that advocate Shri.S.K.Dubey has 2 gone to Dindoshi, Goregaon Court instead of coming to this Court and he submitted that the brief is also not traced . Therefore, having found that the appellant is present in the Court we called upon the appellant to argue the matter . Our brief was handed over to the appellant . 2] The only submission which was made is that there are no dues of National Stock Exchange. However, National Stock Exchange has filed a Company Petition . We propose that the appellant may deposit the amount in this Court during pendency of the appeal and that amount will be deposited in Nationalised Bank and the Company petition will be stayed with further liberty to the appellant to file appropriate proceeding for adjudication of amount in between National Stock Exchange and the appellant. However, the appellant reported that they do not possess money.This statement itself shows that the company is not in a position to run and it has indulged in act of liquidation . 3] We refrain to entertain the appeal . The appeal is accordingly rejected. (Prasanna B.Varale,J.) (S.B.Mhase, J.)