1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 92 OF 2010 IN COMPANY PETITION NO. 858 OF 2008 M/s.Shilpa Trading Co. ... Petitioner And Shri Rajesh Tilakraj Saigal ... Applicant Vs 1. Official Liquidator of Kosmofox Kosmetics Pvt. Ltd. & anr. ... Respondents Mr. Anand S. Jondhale for the Applicant. Ms. Shweta Sharma i/b Raval Shah & Co. for the Petitioner. Dr. Shah Alam Khan for the Respondent. CORAM : S.J. VAZIFDAR, J. DATED : 10TH JUNE, 2010. P.C. : 1. It is not possible to stay the winding up order. It is contended that one of the Directors fraudulently consented to the same. 2. Even assuming that the allegations against the co-Director are justified, it will make no difference. In fact, it makes matters worse. 2 Each of them holds fifty percent of the equity shares in the company. There is a usual deadlock. In these circumstances, even if I were to otherwise consider the application for time to make payment sympathetically, it would make no difference. The Applicant seeks two years to make payment. 3. Further, an order is also sought across the bar that the Applicant be permitted to run the company in the meantime. The disputes between the two Directors/shareholders cannot be decided in this application. The applicant is at liberty to take out an application for taking the company out of liquidation. 4. The Company Application is, accordingly, dismissed.