Lsp IN IN IN THE THE THE HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.538 of 2001 Venus Petrochemicals (Bombay) Pvt. Ltd. ..Petitioner V/s. Spectrum Alkyd & Resins Ltd. ..Respondents ALONGWITH COMPANY PETITION NO. 1027 OF 2001 Ganesh Benzoplast Ltd. ..Petitioner V/s. Spectrum Alkyd & Resins Ltd. ..Respondents ALONGWITH COMPANY PETITION NO.1104 OF 2001 Kashu-Chem Pvt. Ltd. ..Petitioner V/s. Spectrum Alkyd & Resins Ltd. ..Respondents ALONGWITH COMPANY PETITION NO.903 OF 2003 Kirit Shah ..Petitioner V/s. M/s. Spectrum Alkyd & Resins Ltd. ..Respondents ALONGWITH COMPANY PETITION NO. 67 OF 2004 Saumil Trading Co. ..Petitioner V/s. Spectrum Alkyd & Resins Ltd. ..Respondents Mr. Umesh S. Wale for the petitioner in CP No. 538/01. Mr. Sachin Joshi i/b. M.G. Mimani for petitioner in CP 1027/01. Mr. S.Malik for respondent in CP 538/2001 and CP 903/03. CORAM CORAM CORAM : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. DATED DATED DATED : 12th November, 2008 : 12th November, 2008 : 12th November, 2008 P.C. . Heard Counsel for the parties. All these petitions 2 can be disposed of together by this common order. For the stand taken by the respondent conveyed through Counsel appearing before this court all these petitions should necessarily succeed. In that, the respondent states that the factory of the respondent is closed for almost over 4 years. Besides, the respondents will not be in a position to pay the outstanding dues either to the petitioners herein or to any other Creditors. In Company Petition No. 538/2001 the outstanding dues are to the extent of Rs.4,09,248/-, in Company Petition No. 1027/2001 it is Rs. 2,22,260/- and in Company Petition No. 1104/2001 it is Rs. 1,97,259/-, in Company petition No. 903/2003 it is Rs. 8,99,114/- and in Company Petition No. 67/2004 it is Rs. 3,13,871/-. In view of the stand taken by the respondents, I have no hesitation in allowing all these petitions. Accordingly, the respondent company is ordered to be wound up with immediate effect. The Official Liquidator, shall take over possession of the assets of the respondent company and proceed in accordance with law. 2. Petitions are disposed of accordingly. [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.]