IN THE HIGH COURT OF JUDICATURE AT BOMBAY INSOLVENCY JURISDICTION PETITION NO.27 OF 2003 Re: S.Bhagwandas @ Mahesh Bhagwandas. ...Debtor. Exparte : Pravinkumar Bhikamchand Jain. ..Pt.Creditor. .... Mr.K.P.Jain for the Petitioning Creditor. Debtor absent though served. ..... CORAM CORAM CORAM : DR.D.Y.CHANDRACHUD, J. : DR.D.Y.CHANDRACHUD, J. : DR.D.Y.CHANDRACHUD, J. April 5, 2005. P.C.: P.C.: P.C.: The Insolvency Petition is based on a decree dated 17th September 2001 in Summary Suit No.5052 of 2000, in the sum of Rs.1,27,446.79 with simple interest at the rate of 24% per annum on the principal sum of Rs.66,320.45 from 25th June 2002. An Insolvency Notice was taken out and the Petition has been instituted after the act of insolvency has been complete. An affidavit of service has been filed affirmed by the Bailiff. There is no reply to the Petition. The Petition is accordingly made absolute in terms of prayer clauses (a) and (b). Permission granted to the Petitioning Creditor to get the affidavit affirmed on his behalf or of the an authorised representative within two weeks. ......