1 cp178-07 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.178 OF 2007 T.T. International Ltd. ....Petitioner V/s. NEB Electronics Pvt. Ltd. ....Respondent Mr.H. Rehman i/b D.H. Law Associates for the Petitioner. Mr.R.D. Soni i/b Ram & Co. for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 6TH AUGUST, 2010. P.C. :- 1. This is a petition for winding up the Respondent company inter- alia on the ground that it is unable to pay its debts. 2. The Petitioner’s claim arises on account of the goods sold and delivered by the Petitioner to the Respondent. It is not necessary to set out the facts and their rival contentions in any detail. The same has been set out in a detailed order dated 25.3.2008 pursuant to which the petition was admitted. By the said order, it was provided that in the event of the Respondent paying Rs.77,00,000/- to the Petitioner in certain installments specified therein, the petition would be disposed of. It was further provided that in the event of the amount being paid, the petition was to stand disposed of. There are no change in circumstances thereafter. 3. Mr.Soni, the learned counsel appearing on behalf of the Respondent company states that he has no further instructions in the 2 cp178-07 matter even though the liability may not have been quantified by the Respondent. It is admitted that the amounts are due and payable by it to the Petitioner. 4. In the circumstances, the petition is made absolute in terms of prayers (a) and (b).The Petitioner shall be entitled to the costs fixed at Rs. 10,000/- to be recovered in the winding up proceedings.