: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.1013 OF 2008 ARNTZ GMBH + COMPANY KG. ....Petitioner V/s. Rajasthan Udyog & Tools Ltd. ....Respondent Mr.Darshan Mehta i/b M/s.Dhruve Liladhar &Co. for the Petitioner. None for the Respondent. CORAM : S.J. VAZIFDAR, J. DATED : 12TH FEBRUARY, 2009. P.C. : 1. This is a Petition for winding up of the Respondent company on the ground that the company is unable to pay its debts. According to the Petitioner, the company is indebted to it in the sum of about Rs.13,37,424/-. There is no affidavit in reply. There is no reply to the statutory notice dated 26.5.2008. In fact in the letter dated 12.2.2008, the company has admitted the liability but expressed its inability to pay its debts. 2. In the circumstances, there is no defence. However, with a view to give the company one more chance, the following order is passed :- i). In the event of the Company paying the : 2 : Petitioner a sum of Rs.13,37,424/- with interest thereon at the rate of 12% p.a. from 26.5.2008 till payment within four weeks from the date of the company being served by the Petitioner of a copy of this order, the Company Petition shall stand dismissed. ii). In case of failure on the part of the Company to pay the amount as aforesaid, the Petition shall stand admitted and to be advertised in Free Press Journal, Maharashtra Times and Maharashtra Government Gazette. In that event the Petitioner to deposit an amount of Rs.10,000/- with the Prothonotary and Senior Master of this Court within four weeks from the date of default.