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 ORDINARY ORDINARY ORDINARY ORIGINAL ORIGINAL ORIGINAL CIVIL JURISDICTION CIVIL JURISDICTION CIVIL JURISDICTION COMPANY COMPANY COMPANY APPLICATION NO.348 OF 2000 APPLICATION NO.348 OF 2000 APPLICATION NO.348 OF 2000 IN IN IN COMPANY COMPANY COMPANY PETITION PETITION PETITION NO.49 OF 1998 NO.49 OF 1998 NO.49 OF 1998 Marine Marine Marine Container Services (I) Container Services (I) Container Services (I) Pvt.Ltd Pvt.Ltd Pvt.Ltd ...... Applicants Applicants Applicants vs vs vs Rushabh Rushabh Rushabh Precision Precision Precision Bearings Ltd .. Respondents Bearings Ltd .. Respondents Bearings Ltd .. Respondents WITH WITH WITH COMPANY COMPANY COMPANY APPLICATION NO. 349 OF 2000 APPLICATION NO. 349 OF 2000 APPLICATION NO. 349 OF 2000 IN IN IN COMPANY COMPANY COMPANY PETITION PETITION PETITION NO.141 OF 1998 NO.141 OF 1998 NO.141 OF 1998 Seagate Seagate Seagate Trading Trading Trading & Investment Pvt.Ltd..Applicant & Investment Pvt.Ltd..Applicant & Investment Pvt.Ltd..Applicant vs vs vs Rushabh Rushabh Rushabh Precision Bearings Ltd .. Respondent Precision Bearings Ltd .. Respondent Precision Bearings Ltd .. Respondent Mr.Rajesh Mr.Rajesh Mr.Rajesh Rathod Rathod Rathod i.b Bilawala & Co for Applicants i.b Bilawala & Co for Applicants i.b Bilawala & Co for Applicants None None None for Respondent for Respondent for Respondent CORAM CORAM CORAM : : : DR.D.Y.CHANDRACHUD, J DR.D.Y.CHANDRACHUD, J DR.D.Y.CHANDRACHUD, J DATED DATED DATED : : : 15th June, 2007 15th June, 2007 15th June, 2007 P.C. P.C. P.C. 1.1.1. On the request of the learned counsel appearing On the request of the learned counsel appearing On the request of the learned counsel appearing on on on behalf behalf behalf of the applicant, the Company Application of the applicant, the Company Application of the applicant, the Company Application isisis permitted to be withdrawn with liberty reserved permitted to be withdrawn with liberty reserved permitted to be withdrawn with liberty reserved toto to take out a fresh application after proceedings take out a fresh application after proceedings take out a fresh application after proceedings under under under the Sick Industrial Companies (Special the Sick Industrial Companies (Special the Sick Industrial Companies (Special Provisions) Provisions) Provisions) Act, 1985 are concluded. Act, 1985 are concluded. Act, 1985 are concluded. (Dr.D.Y.Chandrachud, (Dr.D.Y.Chandrachud, (Dr.D.Y.Chandrachud, J) J) J) 2 .........