1 rpcl1-11 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION REVIEW PETITION (LODGING) NO.1 OF 2011 IN COMPANY PETITION NO.586 OF 2006 Runicha Textiles Ltd. ....Petitioner V/s. State Trading Corporation Ltd. ....Respondent Mr.A.G. Damle for the Petitioner/Original Respondent. Ms.Jaymala Raut i/b Juris Consultus for the Respondent/Original Petitioner. CORAM : S.J. VAZIFDAR, J. DATE : 29TH APRIL, 2011. P.C. :- 1. This is an application for reviewing the order dated 15.12.2010 especially to the extent that it records that the learned counsel appearing on behalf of the respondent states that the claim is admitted and that the respondent is unable to pay its debts. 2. The contention that the statement was either not made or in any event made through inadvertence appears to be well founded. It is possible that I misunderstood the learned counsel for the respondent. This may well be so. The order dated 22.3.2007 admitting the petition recorded the finding of the Court that the claim is admitted. 3. Further the statement that the respondent is unable to pay its debts is in any event incorrect. This is established by Mr.Damle’s offer on 2 rpcl1-11 behalf of the respondent company to in fact deposit a sum of Rs.50.00 lacs only with a view to establish the bona-fides of the respondent as a condition for reviewing the order and having the matter heard on merits. 4. In the circumstances, the order dated 15.12.2010 is recalled and the company petition shall be heard at the stage of final hearing subject to the respondent company depositing in Court without prejudice to its rights and contentions a sum of Rs.50.00 lacs on or before 30.6.2011. 5. The review petition is accordingly disposed of.