1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 270 OF 2001 B.I.F.R. ... Petitioner Vs M/s. Set Telecom Limited. ... Respondent Dr. T. Pandian- Deputy Official Liquiator present. CORAM : S.J. VAZIFDAR, J. DATED : 22ND JUNE, 2010. P.C. : 1. The B.I.F.R., by an order dated 21st April, 2000, opined that the company was not likely to make its net worth exceed its accumulated losses within a reasonable time and that the company was not likely to become viable in future. The B.I.F.R. opined that it was just, equitable and in public interest that the company be wound up. By an order dated 21st February, 2001, this court accepted the case to be treated as a petition. The company was served. By an order dated 29th August, 2001, the petition was admitted and directions for 2 advertisement were issued. The company remained absent at that stage. The Official Liquidator has been appointed as a Provisional Liquidator. 2. There is nothing to indicate that the financial position of the company has changed since then. In the circumstances, the company is ordered to be wound up. The Provisional Liquidator is appointed as the Official Liquidator of the company in the winding up proceedings.