1 cp448-10.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.448 OF 2010 International Lottery & Totalizator Systems, Inc. .. Petitioner versus Pan India Network Ltd .. Respondent Mr.H.C.Mehta with Mr.S.Nagvadaria for the petitioner. Mr.D.D.Madon, Sr.Advocate a/w Mr.J.Mistry i/by RMG Law Associates for the respondent. CORAM : S.C.DHARMADHIKARI, J. 16th September 2011. P.C.: . This is a petition seeking winding up of the respondent. 2 After the petition was argued for sometime, both sides agree that the following order may be passed: : O R D E R : (a) That the respondent-Company will deposit in this Court, a sum of rupee equivalent in the sum of U.S $ 130,020 within a period of ten weeks from today by a pay order drawn in the 2 cp448-10.doc name of the Prothonotary & Senior Master/ Registrar (O.S), High Court, Bombay. (b) Upon intimation of such deposit, the petitioner will file appropriate suit to recover the amounts that are stated in para 15 of the present petition and particularly under Items (ii) to (v) thereof. (c) If the sum is deposited, the amount be transferred to the credit of the proceedings or the suit which may be instituted by the petitioner. (d) Liberty is given to the petitioner to seek appropriate relief in those proceedings including that of decree on admission in the sum that is stated to be admitted by the respondent as due and payable. (e) All contentions of both sides in that behalf are kept open. (f) Needless to state that if the amount is not deposited as stated within a period of ten weeks from today, this petition shall stand admitted and thereafter it should be advertised in accordance with the rules. (g) The advertisement charges shall be paid within a period 3 cp448-10.doc of four weeks from the date of receipt of copy of this order. (h) Equally, in the event the petitioner failing to file the suit within the time stipulated above, liberty is given to the respondent to withdraw the sum deposited with accrued interest. (S.C.DHARMADHIKARI, J)