1 jpc/- IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 480 OF 2010 IN COMPANY PETITION NO. 951 OF 2002 Deepakkumar Kirti Hansraj & Co. .. Petitioner Versus Official Liquidator .. Respondent And: Ms Wfift Chemicals Pvt. Ltd. .. Applicant Mr. V. M. Phal i/by M.R. Phal and Sunita Sonawane for the Applicant Ms. Saumya Srikrishna i/by Lttle & Co. for the Petitioner CORAM : S. J. KATHAWALLA, J. DATE : 30th September, 2010 P.C.: 1. Heard learned Advocates appearing for the parties. 2. For the reasons recorded in the affidavit in support of the Company Application, the order dated 29th June, 2010 allowing the Company Petition No. 951 of 2002 is set aside. 3. The Learned Advocate appearing for the Petitioner now submits that the Company has got a pay order of Rs.22,50,000/- drawn in favour of the Petitioner which the Company is willing to handover to the Petitioner in full and final settlement of the Petitioner's claim. The Petitioner agrees to the said proposal and has accepted the said pay order of Rs.22,50,000/- towards full and 2 final settlement of its claim against the Company 4. In view thereof the Petitioner seeks withdrawal of the Petition. However, since the Petition was admitted, and advertised, the Company shall advertise the proposed settlement/withdrawal in two local news paper in which the admission of the Company Petition was earlier advertised. 5. To enable the Petitioner to advertise the proposed withdrawal, stand over to 21st October, 2010. (S. J. KATHAWALLA, J.)