ca-lod-97-11.doc 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION LOD.NO.97 OF 2011 IN COMPANY PETITION NO.660 OF 2004 Katha Mediatix India Ltd .. Applicant versus Shimnit Infrastructures Ltd .. Respondent Mr.A.S.Khandeparkar i/by Kiran Mehta for the applicant. Mr.S.M.Khaire for the respondent-original petitioner. CORAM: S.C.DHARMADHIKARI, J. DATE : 3rd MARCH 2011 P.C. . Heard both sides. Perused the application and the affidavit in support. The amount was to be deposited within twelve weeks from 30th September 2010. Thereafter, one extension has already been granted on 23rd December 2010. In these circumstances, Mr.Khandeparkar appearing on behalf of the applicant states that a pay order of Rs.10,00,000/- will be deposited on or before 7th March 2011. The balance sum of Rs.14,00,000/- ca-lod-97-11.doc 2 remains to be deposited according to Mr.Khandeparkar. 2 Mr.Khaire appearing for the respondent-original petitioner submits that the company has been seeking time and although sufficient period was provided for deposit, further extensions are being sought without any reasonable and satisfactory grounds. 3 In the light of the fact that pay order of Rs.10,00,000/- is agreed to be deposited on or before 7th March 2011, for the balance sum last extension is granted. If the balance sum is deposited on or before 31st March 2011 with interest at 6% and costs quantified at Rs.5,000/-, the same shall be accepted or else the company petition to stand admitted in terms of the order passed on 30th September 2010. Company application is made absolute in the above terms. (S.C.DHARMADHIKARI, J)