IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY NOTICE OF MOTION NO.116 OF 2006 IN INSOLVENCY PETITION NO.58 OF 2001 Re: M/s.Jugna Garments & Ors. ...Insolvents. Ex-parte. M/s.Shree Ravi Textiles. ..Pt.Creditor. ..... Mr.K.J.Somne for the Insolvent. Mr.P.V.Shah for the Petitioning Creditor. Mr.Parineet A.Saratkar i/b. Shukla & Shukla for Indian Overseas Bank. Mr.Y.C.Parikh, O.A. present. ..... CORAM CORAM CORAM : DR.D.Y.CHANDRACHUD, J. : DR.D.Y.CHANDRACHUD, J. : DR.D.Y.CHANDRACHUD, J. September 19, 2006. P.C. P.C. P.C. : The claim of the Petitioning Creditor and other creditors is stated to have been duly met and satisfied. Counsel appearing on behalf of the Indian Overseas Bank who is a secured creditor states that the Bank has arrived at a one time settlement and there are no other dues. There is hence no reason why the Notice of Motion for annulment should not be made absolute. The Notice of Motion is made absolute in terms of prayer clauses (a) and (b). .....