1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.500 OF 2005 IN COMPANY PETITION NO.811 OF 2003 CONNECTED WITH COMPANY APPLICATION NO.434 OF 2003 Bilag Industries Pvt.Ltd. ..Applicant. Mr.H.Toor with Ms.Suruchi Khichade i/b Crawford Bayley & Co. for applicant. CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J DATE : SEPTEMBER 23, 2005. DATE : SEPTEMBER 23, 2005. DATE : SEPTEMBER 23, 2005. P.C. : P.C. : P.C. : 1. Heard Mr.Toor for the applicant. This application has been taken out as the process of reduction of share capital, which has been approved by this court, has progressed up to third stage. For the reasons, mentioned in the application, application is made absolute in terms of prayer clause (a) and (b).