1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi COMPANY PETITION NO. 721 OF 2003. M/s. Manoharlal Santram Hiring Co. Pvt. Ltd. ..Petitioner. vs. M/s. Artson Engineering Ltd. ..Respondent. .... None for Petitioner. Ms. Vanita Kakar, i/b. Swapnila Rane, for Respondent. .... CORAM : S.J. KATHAWALLA, J. DATE : 30TH APRIL 2010. P. C. None appears for the petitioner. 2. The learned Advocate appearing for the respondent states that the scheme dated 18th December 2007 has been sanctioned by the BIFR for revival of the respondent company. Under the said scheme, the respondent company was directed to satisfy debts of unsecured creditors, subject to 85% reduction of the principal sum of the amount outstanding as existed in the books of accounts of the respondent company and the restructured / reduced principal amount was to be paid by the respondent company in five equal yearly installments effective 2 the date of the sanctioned scheme coming into force. Pursuant to clause 8.3 of the scheme, the company has paid two yearly installments of the reduced principal sum to the petitioner company, by two cheques. The third installment is due and payable on or before 30th June 2010. 3. The company has filed its affidavit dated 15th December 2009 setting out the aforestated facts in detail. The company petition is therefore, dismissed. [ S.J.KATHAWALLA, J. ]