1 cp359-06 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.359 OF 2006 Checkmate Holdings Pvt. Ltd ....Petitioner V/s. Ceasefire India Ltd. ....Respondent Mr.Arif Doctor i/b Mr.R.D. Suvarna for the Petitioner. Mr.Abhay Khandar i/b Indian Law Alliance for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 28TH JULY, 2010. P.C. :- 1. This is a petition for winding up the Respondent company on the ground that it is unable to pay its debts. There is no dispute that an amount of about Rs.2,05,000/- was due and payable by the Respondent to the Petitioner in respect of the services rendered by the Petitioner for the Respondent company. By a letter dated 1.4.2005, the Respondent requested the Petitioner to treat the amount as a loan to it and promised to repay the same with interest at 10% from 1.4.2005. 2. There was no reply to the statutory notice. There is no affidavit in reply. When the petition was admitted, the Respondent company stated that it was unable to pay the Petitioner’s claim. The petition was therefore admitted on 8.9.2006. There is no defence to the Petitioner’s claim. The company is unable to pay its debts. 2 cp359-06 3. In the circumstances, the petition is made absolute in terms of prayers (a) and (b). The Petitioner shall be entitled to the costs fixed at Rs. 5,000/- to be recovered in the winding up proceedings.