CP269-01 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.269 OF 2010 Asia Satellite Telecommunications Co. Ltd. .. Petitioner Versus INX Media Pvt.Ltd. .. Respondent Ms.Farishte Sethna with Shardul Singh i/b. Duttmenon Dunmorrsett for petitioner Mr.Chetan Kapadia i/b. DSK Legal for respondent CORAM : S.C.DHARMADHIKARI, J. DATE : 20 th January 2011 P.C.: 1] This petition is not yet admitted but parties have arrived at settlement out of Court and, therefore, Ms.Sethna appearing for petitioner prays for withdrawal of this petition. 2] She states that respondent has deposited a sum of Rs.34 lakhs in this Court and an order dated 16th June 2010 passed by this Court on subject petition permits withdrawal of the said amount by petitioner’s CP269-01 2 Advocate and, therefore, appropriate orders be passed directing Registry to issue a cheque in the said amount with accrued interest, if any, in the name of petitioner’s Advocate so as to facilitate the said Advocate to withdraw the sum and, thereafter, remit it to the petitioner which is based in HongKong. 3] My attention is invited to the order passed on 16th June 2010 in this behalf. 4] Mr.Kapadia, learned Counsel appearing for respondents confirms the settlement and states that respondent has no objection to the withdrawal of the above amount with accrued interest, if any, by the petitioner’s Advocate in terms of the order dated 16th June 2010. Therefore, the Registry can be directed accordingly. 5] In such circumstances and the settlement having been confirmed, the company petition is allowed to be withdrawn and dismissed as such. The amount of Rs.34 lakhs deposited in this Court CP269-01 3 be permitted to be withdrawn by the petitioner’s Advocate on production of authorisation in that behalf by the petitioner and the Registry to issue the cheque in the name of petitioner’s Advocate accordingly. All concerned to act on authenticated copy of this order. (S.C.DHARMADHIKARI, J)