((-1-)) IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.21 OF 2006 Pilot Industrial Chemicals Petitioner versus Sharp Industries Ltd. Respondent Mr.Prakash Ganwani i/by Joseph Fernandes for petitioner. Mr.Jaideep Mitra i/by Deven Dwarkadas & Partners for respondent. CORAM : S.C.DHARMADHIKARI, J. DATE : 29th June 2006 PC : 1. This petition for winding-up was placed for admission and time was sought to place an affidavit on record on behalf of the respondent company. 2. In para 2 of the affidavit which is now filed, it is pointed out that a scheme for restructuring of debts of the respondent company under sections 391 and 391(6) of the Companies Act, was filed in this Court. It is pointed out ((-2-)) that in pursuance of the directions of this Court, meeting of share holders, creditors as also unsecured creditors was convened and the scheme was approved by majority. Thereafter, this Court sanctioned the scheme vide order dated 17th November 2005. A copy of scheme as also the order passed by this Court, is annexed to this affidavit and the submission is that all civil proceedings are terminated because of the same. 3. Shri Ganwani upon taking instructions seeks leave to withdraw this company petition with liberty to take out appropriate proceedings. 4. It is pointed out that in the list of unsecured creditors name of present petitioners also appears and Shri Mitra states that a copy of the said list would be handed over to the advocate for petitioners within a period of two weeks from today. 5. Company petition disposed of as withdrawn with liberty as prayed for. (S.C.DHARMADHIKARI, J.)