1 32.cp.255.02 skt IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.255 OF 2002 Kotak Mahindra Bank Ltd. ....Petitioner V/s. Nobiletto Finlease and Investment Private Limited ....Respondent ..... Mr.Cyrus Ardeshri a/w. Mr.Nikhil Rajani i/by V.Deshpande & Co. for the Petitioner. Mr.Chandra Naik for the Respondent. .... CORAM : S.J. VAZIFDAR, J. DATE : 15TH DECEMBER, 2010. P.C. :- 1. This is a petition for winding up of the Respondent-company inter alia on the ground that it is unable to pay its debts. 2. According to the Petitioner, a sum over Rs.1 crore is now due and payable by the Respondent to the Petitioner in respect of a loan transaction. A substantial part of the loan is admitted. The learned counsel appearing on behalf of the Petitioner states that the company is unable to pay the loan or any of its debts. He further states that assets of the company is handed over the to the Provisional Liquidator. 2 32.cp.255.02 3. In the circumstances, the petition is made absolute in terms of prayers (a) & (b). 4. The Petitioner shall also be entitled to costs fixed at Rs.10,000/- to be recovered in the winding up proceedings. 5. The petition is accordingly disposed of. -