1 mgj IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION Company Petition No. 916 of 2008 Citizen Extrusion Pvt.Ltd. ..Petitioner vs. Stelmec Limited ...Respondent Mr.Ashish Kamat with Ms.Preety Singh i/b A.Mehta Lajee and Co. for petitioners Mr.J.P.Sen with Mr.Farhan Dubhash and Ms.Nita Solanki i/b Kiran Jain and Co. for respondent. CORAM: S.J.KATHAWALLA J. 9 th September, 2009 P.C. 1 The company petition is disposed of by the following order which is passed by consent of the parties. i) The respondent company shall pay to the petitioner an amount of Rs.2,70,537/- towards the principal amount and a sum of Rs. 34,985/- being interest @ 10% from the due dates of the respective invoices till date aggregating to Rs.3,05,522/- in full and 2 final settlement of the petitioners claim in the above company petition. ii) The aforesaid amount shall be paid in 14 monthly installments of Rs.21,823/- commencing from 5 th October, 2009 and on or before the 5 th of each successive month thereafter. iii) In the event of any default in payment of any of the aforesaid installments on their scheduled dates, the aforesaid company petition shall be restored to file and shall stand admitted without any further reference to the Court. iv) In the event of the petition being admitted as set out in clause (iii) above, the petitioner to advertise the petition in two local newspapers viz. Free Press Journal , Maharashtra Times and in the Maharashtra Government Gazette. The petitioner shall deposit an amount of Rs. 10,000/- with the Prothonotary and Senior 3 Master towards the publication charges within a period of three weeks from the date of such default with intimation to the Company Registrar failing which the petition shall stand dismissed for non prosecution. (S.J.KATHAWALLA J.)