1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY PETITION NO. 5 OF 2010 rpa Re : Akshay D. Thakkar .. Debtor Ex-Parte : Manipal Finance Corporation Ltd. ..Petitioning Creditor .... Mr. Ramesh C. Jain for the Petitioning Creditor. None for the debtor. .... CORAM : S. J. KATHAWALLA, J. DATE : APRIL 22, 2010. P.C. By this Petition, the Petitioning Creditor seeks an order of adjudication against the debtor. According to the Petitioning Creditor, the debtor has been indebted to the Petitioning Creditor in the sum of Rs.65,88,120.63 ps. and further simple interest at the rate of 12 % per annum on Rs. 28,95,000/- from 21st March, 2009 till payment and/or realisation under a decree dated 24th June, 2008 passed by this Court in Suit No. 1486 of 2001. Insolvency notice No. N/19 of 2009 dated 18th May, 2009 was issued at the instance of the Petitioning Creditor to the debtor. 2 The same was served on the debtor on 10th September, 2009. After service of the insolvency notice the debtor failed to comply with the requisitions contained in the said insolvency notice. The debtor therefore committed an act of insolvency on 16th October, 2009. The Petitioning Creditor thereafter filed the above insolvency petition and served the same on the debtor. An affidavit proving service dated 19th April, 2010 is filed by the Petitioning Creditor. The debtor has not come forward to oppose the above petition. 2. Under the circumstances, the above Petition is allowed in terms of prayer clauses (a) and (b). 3. The advocate for the Petitioning Creditor shall forthwith forward a copy of this order to the Insolvent at his address shown in the above Petition. [ S. J. KATHAWALLA, J. ]