1 jpc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.315 OF 2010 M/s Future Media (India) Ltd. .. Petitioner Versus Shiva Ads India Private Limited .. Respondent Ms. Pallavi Kumavat i/by Kiran Kulkarni for the Petitioner Mr. Anil, Tiwari i/by Kamlesh Tiwari for the Respondent Mr. Rajesh V.Shah- Director of Respondent present. CORAM : S. J. KATHAWALLA, J. DATE : 29 th October, 2010 P.C.: The following order is passed by consent of the parties. i. The Respondent company admits its liability to pay an amount of Rs.5,65,000/- (Rupees five lacs sixty five thousand) to the Petitioner, out of which, 3,65,000/- shall be paid by the Respondent Company on or before 25th November, 2010. ii. The balance amount of Rs.2,00,000 (Rupees two lacs) shall be paid in four equal monthly installments of Rs.50,000/- (Rupees fifty thousand) each, payable on or before 10th December, 2010, 10th January, 2011, 10th February, 2011 and 10th March, 2011 respectively. 2 iii. In the event of any default on the part of the Respondent Company in making payments set out in Clauses (i) or (ii) above, the Company Petition shall, without reference to this Court, stand revived, admitted, made returnable within six weeks of default and advertised in two local newspapers i.e. Free Press Journal ( English edition ) and Maharashtra Times ( Marathi Edition ) and the Maharashtra Government Gazette. iv. Upon such default, the Petitioners shall, within one week from the date of default, deposit with the Prothonotary and Senior Master, a sum of Rs. 10,000/- (Rupees ten thousand) towards publication charges, failing which the Company Petition shall stand dismissed for want of prosecution. v. The Company Petition is accordingly disposed of with no order as to costs. (S. J. KATHAWALLA, J.)