1 jpc/- IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 208 OF 2010 M/s Shiraz C. Lalkaka .. Petitioner Versus India Steel Works Ltd. (Formerly Isibars Ltd.) .. Respondent Mr. M. S. Londhe a/w Mr. Rohan Cama i/by M/s Sanjay Udeshi & Co. for the Petitioner Mr. Jarium Chandani i/by Lexim Associates the Respondent Mr. T. K. Sasi, C.A. of the Respondent Present. CORAM : S. J. KATHAWALLA, J. DATE : 21st October, 2010 P.C.: The learned Advocates appearing for the parties, after taking instructions from their respective clients have agreed that the following order be passed in the matter: i. The Respondent Company shall pay an amount of Rs.1,25,000/- (Rupees one lac twenty five thousand only) to the Petitioner in full and final settlement of the claim of the petitioner in this Petition within two weeks from the date of this order, by forwarding a pay order, drawn in favour of the Petitioner, to the Advocate for the Petitioner. 2 ii. In the event of failure on the part of the Respondent Company to make the said payment of Rs.1,25,000/- as set out in clause (i) above, the Company Petition shall, without reference to this Court, stand revived, admitted, made returnable within six weeks from the date of default and advertised in two local newspapers i.e. Free Press Journal (in English) and Maharashtra Times (In Marathi) and Maharashtra Government Gazette. iii. Upon such default, the petitioner shall, within two weeks from the date of default, deposit with the Prothonotory 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. iv. The Company Petition is accordingly disposed of with no order as to costs. (S. J. KATHAWALLA, J.)