1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH : NAGPUR COMPANY PETITION No. 11/2005. (In the matter of M/s. Praptee Savings and Investments (I) Ltd. ) Office Notes, Office Memoranda of Coram, appearances, Court's orders Court's or Judge's orders or directions and Registrar's orders. CORAM : B.P. DHARMADHIKARI, J. DATED : JULY 06, 2010. Heard Shri D.V. Dhondarkar, learned counsel for petitioner and learned S.K. Mishra, learned A.S.G.I., for respondent. This Court twice gave petitioner opportunity to show his bonafides. The intervenors appearing, appear to be colluding with the petitioner. Two documents filed as affidavits vide stamp No.6939 and 6940 of 2010 are neither on oath, nor solemnly affirmed. I, therefore, do not find any bonafides on the part of the said two persons stated to be Directors. The third Director who is reportedly at Mumbai, has chosen not to file any affidavit. 2 The Regional Director has in his report dated 26.06.2008 pointed out that the petitioner Company should obtain no objection letter from Reserve Bank of India in support of the scheme placed before this Court. That no objection has not been so far obtained and produced before this Court. The Regional Director has also stated that the petitioner company defaulted in filing statutory returns, since the financial year 2004 and hence his office is unable to express any opinion unless accounts are finalized. The said authority also sought direction against the applicant requiring it to furnish latest financial position to it. Till date the applicant company has not complied with these requirement. Today statement is made that accounts are ready for filing, I therefore, do not find that the proceedings are being conducted honestly and bonafidely. Company Petition is therefore, rejected with no order as to costs. JUDGE Rgd.