*1* nmis.86.10.inpt.8.01.48 kps IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.86 OF 2010 IN INSOLVENCY PETITION NO.8 of 2001 Pradeep K. Sakpal. ..Petitioning Creditor -Versus- M/s Jignesh Corp. & Firm and others. ..Insolvents .......... The Petitioning Creditor is present in person. Mr.A.P.Bagwe i/b Sangita Musale, for the Petitioning Creditor. Mr.K.J.Somane i/b Prakash Kadam, for the Insolvents. Mr.Y.C.Parikh, Official Assignee, present in person. .......... CORAM : S.C.DHARMADHIKARI, J. DATE : 18th January, 2011. P.C. 1 This is a motion for annulling the order of adjudication. The jurisdiction of this Court under Section 21(1) of the Presidency Town Insolvency Act, 1909 has been invoked on the ground that the full payment has been made. The Petitioning Creditor is present and he confirms the receipt of amount due and payable to him. The other creditor is Abhyudaya Co-operative Bank Limited and it is also paid in full as is clear from a letter annexed at Exhibit-A to the affidavit in support. 2 In such circumstances and when the requirements stipulated under Section 21(1) have been satisfied, the Notice of Motion is made absolute in terms of prayer clauses (a) and (b). (S.C. Dharmadhikari, J)