1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 549 OF 2009 ICICI Bank Limited. ... Petitioner Vs Raj Tours Private Limited. ... Respondent Mr. Manndiar i/b M/s. Mannadiar & Co. for the Petitioner. Mr. Abhishek Khare i/b Khare Legal Chambers for the Respondent. CORAM : S.J. VAZIFDAR, J. DATED : 7TH JULY, 2010. P.C. : 1. The Respondent has admitted its liability to the Petitioner. According to the Petitioner, a sum, far in excess of Rs.4,00,00,000/- is due and payable by the Respondent in respect of the amounts advanced by the Petitioner to the Respondent. 2. The learned counsel appearing on behalf of the Respondent states that the Respondent is unable to pay the debts. 2 3. In the circumstances, the petition is made absolute in terms of prayers (a) and (b), which read as under : “(a) that the Company Raj Tours Private Limited be wound up by this Honourable Court under the provisions of the Companies Act, 1956; (b) that the Official Liquidator High Court Bombay be appointed as the Liquidator of the said Company, with all powers under the Companies Act, 1956, to take charge of the assets of the said Company and to conducts its affairs in the course of winding up and to distribute its assets in accordance with law.” 4. The Provisional Liquidator shall continue as Liquidator in the winding up proceedings. 5. The Petitioner shall also be entitled to costs, fixed at Rs. 10,000/-, which the Petitioner shall be entitled to recover in the winding up proceedings.