1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 124 OF 2005 CONNECTED WITH COMPANY APPLICATION NO. 87 OF 2005 In the matter of the Companies Act, 1956. And In the matter of Sections 78, 80, 100 to 104 of the Companies Act, 1956; And In the matter of reduction of share capital, share premium and capital reserve account of Champagne Vineyards Limited having its registered office at Indage House, 82, Dr. A.B. Road, Worli, Bombay 400 018. Champagne Vineyards Limited. .. Petitioner. Mr. Rajesh Shah for petitioner. 2 CORAL : S.U.KAMDAR, J. DATE : 18th MARCH, 2005. P.C. 1. The present petition is for reduction in the share capital by proposing to write off the excess share capital and reserve and surplus account. The debit balance under the head profit and loss account and the balance sheets so as to reduce the share capital which has already been rendered in accumulated losses. Paragraph 10.1. and 10.2 of the petition inter alia stipulate that the creditors are not affected by the said scheme of reduction. Pursuant to the direction issued by me on 25.2.2005 a public notice was given of the hearing of the present petition and an affidavit indicating that such a notice has been published is filed on 17.3.2005. The same is taken on record. None appears opposing the said scheme of reduction in share capital. In view thereof, the petition is made absolute in terms of prayer clauses (a), (b) and (c).