1 IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY IN IN IN INSOLVENCY INSOLVENCY INSOLVENCY PETITION PETITION PETITION NO.5 OF 2005 NO.5 OF 2005 NO.5 OF 2005 Re: 1. Karan Fabrics 2. Manoj Tribuvan Singh 3. Tribhuvan Singh .. Debtors Exparte: Krishna Kumar Murlidhar Shah ..Petitioning Creditor Mr Gawde i/b K.Ashar & Co for Petitioning Creditor Debtors absent though served CORAM CORAM CORAM : D.G.KARNIK, J : D.G.KARNIK, J : D.G.KARNIK, J DATE: DATE: DATE: 21st June, 2005 21st June, 2005 21st June, 2005 P.C. P.C. P.C. 1. Heard learned counsel for the petitioning creditor. Affidavit of service has been filed. The Insolvency Registrar states that the affidavit of service is proper. 2. Despite service the debtors have not appeared nor filed any affidavit in reply. In the absence 2 of any affidavit in reply averments made in the affidavit in support are deemed to be accepted. Hence, petition is allowed in terms of prayer clause (a). Usual order as to costs. D.G.KARNIK, J