IN THE HIGH COURT OF BOMBAY AT GOA WRIT PETITION NO. 737 OF 2008 MANIPAL FINANCE CORPORATION LIMITED THROUGH ATTORNEY SRIKAR MALLYA AND 2 ORS., ... Petitioners Versus STATE OF GOA THROUGH SECRETARY AND 3 ORS., ... Respondents Mr. S. G. Dessai, Senior Advocate with Mr. Shivan Dessai, Advocate for the Petitioners. Mr. S. R. Rivonkar, Government Advocate for Respondent No.1. Coram:- P. B. MAJMUDAR & N. A. BRITTO, JJ. Date:- 7th January, 2009 P.C.:- After arguing the matter for sometime, Mr. S. G. Dessai, learned Senior Counsel for the Petitioners submitted that in order to take out appropriate proceedings in the pending Company Petition before the Karnataka High Court, as well as with a view to take out appropriate proceedings before the State Commission for recalling the order of issuing warrant, he wants to withdraw this petition. He requested that the order issuing warrant may be stayed for sometime to enable the petitioners to take out appropriate proceedings in this behalf. 2. We permit the petitioners to withdraw this petition in order to enable them to approach the State Commission for recalling the order of issuing warrant or take out any other proceedings as deem fit, in accordance with law. We may clarify that we have not expressed any opinion about the maintainability of such proceedings in any manner, as it is for the appropriate Court or Forum to consider such an application as and when it is submitted. 3. Considering the facts and circumstances of the case, the warrant issued against the petitioners No.1 and 2 is ordered to be stayed for a period of three weeks from today to enable the Petitioners to take out appropriate proceedings as per law. It is clarified that we have only given liberty to the petitioners to withdraw this petition with a view to approach the appropriate Forum to redress their grievance. The petiton is, accordingly, disposed of subject to what is stated hereinabove. P. B. MAJMUDAR, J. N. A. BRITTO, J. RD.