cp856-08 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.856 OF 2008 Kerman K. Mistry ....Petitioner V/s. Uniroll Leather India Ltd. ....Respondent Mr.K.R. Shriram for the Petitioner. Ms.Naina Desai i/b Shashi K. Jain for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 28TH JULY, 2010. P.C. :- 1. This is a petition for winding up the Respondent company on the ground that it is unable to pay its debts. The Petitioner’s claim arises on account of the Respondent having failed and neglected to repay the loan of Rs.7,50,000/- with interest. 2. In the reply to the statutory notice, the Respondent admitted its liability. The Respondent stated that the business had suffered due to want of funds. Ms.Desai, the learned counsel appearing on behalf of the Respondent today states that the financial position of the company is poor and that the company is unable to repay the amount. 3. In the circumstances, the petition is made absolute in terms of prayers (a) and (b). The Petitioner shall be entitled to the costs fixed at Rs. 10,000/- to be recovered in the winding up proceedings.