1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY INSOLVENCY PETITION NO.38 OF 2009 Re : Mr.Lucas Joseph D’Souza. ...Debtor. Ex-parte: Mr.Pradip B. Bhosale. ...Petg. Creditor. .... Mr.R.L.Mazgaonkar for the Petitioning Creditor. ..... CORAM :DR.D.Y.CHANDRACHUD, J. December 15, 2009. P.C. The Petitioning Creditor claims to have advanced a loan in the sum of Rs.95,000/- to the Debtor on 15th December 2008. The debtor is stated to have issued a Demand Promissory Note undertaking to pay the sum on or before 15th June 2009. The debtor issued a cheque dated 8th June 2009 which was dishonoured on presentation. A notice was issued on 20th July 2009 to the debtor. In response thereto, the debtor by his letter dated 1st August 2009 stated that he was in financial difficulties and that he had suspended payment to all his creditors. 2 The act of insolvency is stated to have been committed on 1st August 2009. An affidavit of service has been filed. The debtor has not appeared. In the circumstances, the petition is made absolute in terms of prayer clauses (a) and (b). ......