IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.98 OF 2009 CONNECTED MATTER COMPANY APPLICATION NO.166 OF 2009 Konark Synthetic Limited ..... Petitioners Mr.Yogesh Adhia, for the petitioner. None for the respondent. CORAM : S.J.VAZIFDAR, J. DATE : 13TH MARCH, 2009. P.C. 1. The petitioner seeks confirmation of a Special Resolution passed at an Extra Ordinary General Meeting held on 08-09-2008 for reduction in the issued/subscribed and paid-up share capital by cancelling 42,000 equity shares of Rs.10/- each and to utilize the amount not exceeding Rs.23,10,000/- out of the balance standing in the share/security premium account of the Company as on 31-03-2008 to pay back the premium received on the allotment of the said shares. 2. The said shares were allotted by the Company in favour of one P.Rajgharia. The Bombay Stock Exchange by a communication dated 18-05-2007 informed the Company that the listing application in so far as it 2 related to the said 42,000 equity shares stands rejected. The Bombay Stock Exchange advised the Company to cancel the said 42,000 shares. 3. In the circumstances, the petition is made absolute in terms of prayer clauses (a) and (b).