1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi NOTICE OF MOTION NO.57 OF 2008 IN INSOLVENCY PETITION NO.23 OF 2007. Re : Kishinchand S. Laungani, Insolvent. Ex-Parte : Anju S. Valecha. ..Petitioning Creditor. WITH NOTICE OF MOTION NO.58 OF 2008 IN INSOLVENCY PETITION NO.24 OF 2007. Re : Kishinchand S. Laungani, Insolvent. Ex-Parte : Navin Manoharlal Valecha. ..Petitioning Creditor. WITH NOTICE OF MOTION NO.59 OF 2008 IN INSOLVENCY PETITION NO.25 OF 2007. Re : Kishinchand S. Laungani, Insolvent. Ex-Parte : Navin Manoharlal Valecha. ..Petitioning Creditor. 2 WITH NOTICE OF MOTION NO.60 OF 2008 IN INSOLVENCY PETITION NO.26 OF 2007. Re : Kishinchand S. Laungani, Insolvent. Ex-Parte : Ashin Sunil Valecha. ..Petitioning Creditor. .... Mr. Anil Chauhan, i/b. N.M. Vaishnawa, for Petitioning Creditors in all matters. Mr. Jayant Gaikwad, for Insolvent. Mr.Y.C. Parikh, O.A., Present. .... CORAM : S.J.KATHAWALLA, J. DATE : 22ND JULY 2009. P.C. By an order of this Court dated 7 th July 2009, this Court passed the following order :- “The learned Advocate for the insolvent on instructions from the insolvent who is present in Court agrees to deposit an amount of Rs.4 lacs. with Official Assignee within a period of one week from today. He further 3 submits that the insolvent shall also execute an indemnity/undertaking as regards any further claim towards the interest or otherwise made by the Customs Authorities pursuant to the order dated 31 st March 2009.”. 2. The Official Assignee has submitted that subject to the insolvent depositing the said amount of Rs.4 lacs. and executing indemnity/undertaking, the order of adjudication dated 26 th November 2007 may be annulled. 3. In view thereof, the order of adjudication dated 26 th November 2007 shall stand set aside subject to the insolvent depositing the sum of Rs.4 lacs. with the Official Assignee within a period of one week from today and executing the indemnity/undertaking within a period of 2 weeks from today. 4. If the said order is complied with, the order of the adjudication dated 26 th November 2007 shall stand set aside without any further reference to Court. However, if the same is not complied with, the order of adjudication dated 26 th November 2007 shall continue without 4 any further reference to Court. 5. Needless to add that upon the annulment of the adjudication order dated 26 th November 2007, there will be no public examination of the Insolvent. Notice of motion is accordingly, disposed of with no order as to costs. [ S.J.KATHAWALLA, J. ]