1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.427 OF 2004 M/s.Thirumangal Mills Ltd. ..Petitioners. V/s. M/s.Ventura Textiles Ltd. ..Respondent. Mr.Manish Bohra i/b. M/s. A.S.Khan & Associates for petitioners. Mr.Vivek Vashi i/b. Bharucha & Partners for respondent. CORAM:- A.M.KHANWILKAR, J DATED :- JUNE 11, 2009. P.C.: 1. It is noticed that BIFR proceedings in respect of Respondent Company are still pending. Counsel for the Respondent has relied on the information made available on web site of BIFR. Even on the earlier occasion, statement was made that BIFR proceedings are still pending. There is no reason to doubt the correctness of the Statement, which is reiterated today. If the BIFR proceedings are pending, hearing of this Petition cannot proceed. In my opinion, the appropriate course is to 2 dispose of this Petition with liberty to the Petitioners to get the same revived in the event BIFR proceedings are finally decided against the Respondent Company and/or as and when the Respondent Company comes out of BIFR. All aspects and issues raised in this Petition or would arise for consideration will be considered on its own merits at the appropriate stage, if required. With this liberty, Petition is disposed off. Ordered accordingly. (A.M.KHANWILKAR, J)