1 inpt-5 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi INSOLVENCY PETITION NO. 5 OF 2011. Re : Naresh Chatrubhuj Thakkar. ..Debtor. Ex-parte :- Shivkumar S. Raheja. ..Petitioning Creditor. .... Ms. Kavita S. Lalwani, for Petitioning Creditor. None for Debtor. .... CORAM : S.J. KATHAWALLA, J. DATE : 22ND JUNE 2011. P.C. : This Petition is filed by the Petitioning Creditor for an order of adjudication against the Debtor Naresh Chatrubhuj Thakkar. According to the Petitioning Creditor, the Debtor has been indebted to the Petitioning Creditor in the sum of Rs. 69,250/- and further interest on Rs.40,000/- at the rate of 18% per annum from 21st June 2010 till payment and or realisation under the Decree on Admission dated 27th July 2009 in Summary Suit No. 3157 of 2007 passed by this Court. 2. The Petitioning Creditor issued a Insolvency Notice No. N/28 of 2010 dated 26th August 2010 for recovery of Rs.69,250/- due and payable under the said Decree. The Insolvency Notice was served upon the Debtor on 23rd September 2010. The Debtor has not complied with the said notice. Hence, the Debtor has committed an act of Insolvency on 29th October 2010. 2 inpt-5 3. The Petition was personally served on the Debtor on 8th April 2011. However, the Debtor is not present before the Court. Under the circumstances, the Petition is allowed in terms of prayer clauses (a) and (b). The Insolvency Petition is accordingly disposed of. [ S.J. KATHAWALLA, J. ]