IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION Company Petition No.618 of 1999 with Company Petition No.1036 of 1999 with Company Petition No.1058 of 2000 In the matter of Vipras Corporation Ltd. ..... Respondent in all Petitions Coram:- A. M. Khanwilkar, J. Date :- 11th June, 2009 P.C. 1. By this Petition, it is prayed that the Respondent Company be wound up on the ground that it is unable to pay its debt. The Respondent Company however, asserts that 1 this Petition cannot proceed in view of the legal bar-as BIFR proceedings in relation to the Respondent Company are pending. The stand of the Respondent is that unless the said proceedings are finally terminated and decided against the Respondent Company and/or the Respondent comes out of BIFR, the question of considering reliefs claimed in this Petition does not arise. Having regard to this submission, in my opinion, the appropriate course is to 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. 2 [A. M. Khanwilkar, J.] 3