1 cp321-10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.321 OF 2010 Unique Photo Offset Services ....Petitioner V/s. De Simran Cartons Pvt. Ltd. ....Respondent Mr.Phiroze Colabawalla with Mr.Sachin Kudalkar i/b Madekar & Co. for the Petitioner. Mr.Rajesh S. Datar for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 22ND DECEMBER, 2010. P.C. :- 1. The company petition is disposed of by the following order, for which the counsel state that no reasons are required. 2. The respondent company shall pay to the petitioner a sum of Rs.12,60,354/- in twelve monthly installments commencing from 1.1.2011 and ending on 1.1.2012. Monthly installment shall be paid on the first day of each succeeding month. The first installment shall be of Rs.1,60,354/-. The remaining eleven installments shall be of Rs.1,00,000/- each. 3. In the event of the respondent company committing more than one default in payment of the installments stated above or the last installment, the above company petition shall stand admitted and the Official Liquidator, High Court, Mumbai shall stand appointed as the Provisional Liquidator of the respondent company. The Official Liquidator 2 cp321-10 shall thereupon take possession of all the assets of the respondent company as the Provisional Liquidator. In that event, the petitioner shall be entitled to claim the entire amount as claimed less any payments, if made. 4. In the event of the respondent company making payment as aforesaid, the company petition shall stand dismissed without further reference to the court.