IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.36 OF 2000 Adar Finance Ltd. ....Petitioner V/s. Sanghavi Pharmaceuticals (I) Ltd. ....Respondent Mr.Birendra Saraf i/b Mr.Yogesh Adhia for the Petitioner. CORAM : S.J. VAZIFDAR, J. DATED : 9TH JANUARY, 2009. P.C. : 1. The Petition was filed for winding up on the ground that the company is unable to pay its debts. The claim is based on the cheques which have been dishonoured by the company. The cheques were issued towards the discharge of intercorporate deposit. The claim is in the sum of Rs.21,00,000/-. 2. By a letter dated 10.3.1999, the company admitted its liability and requested to extend the time for payment. 3. There is therefore, no defence to the Petitioner’s claim. By an order dated 14.7.2000, the Petition was admitted and ordered to be advertised. Directions regarding advertisement have been complied with. There is still no reply on behalf of the company. 4. In the circumstances, the Petition is made absolute in terms of prayers (a) and (b).