1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY INSOLVENCY PETITION NO.73 OF 2005 Re : Ganesh Sugar Supply Co.& Ors. ...Debtors. Ex-parte: Mahendra Dhirajlal Sanghvi. ...Petg. Creditor. .... Ms.K. S. Lalwani for the Petitioning Creditor. ..... CORAM : DR.D.Y.CHANDRACHUD, J. August 19, 2006. P.C. The Insolvency Petition is based on a decree on admission dated 3rd December 2002 passed by the City Civil Court in Summary Suit No.5311 of 2002 in the amount of Rs.20,229.50 with further interest on the principal sum of Rs.10,000/- at the rate of 18% per annum from 29th November 2004. An Insolvency Notice was issued on 2nd December 2004 which was served on the Debtors on 31st December 2004. No Notice of Motion was taken out for setting aside the Insolvency Notice. The act of insolvency was complete on 5th February 2005. The Insolvency Petition has been served on 5th August 2005 and an affidavit of service has been filed. There is no reply to the Petition. The petition is 2 accordingly made absolute in terms of prayer clauses (a) and (c ). However, having regard to the provisions of Section 90(1) of the Presidency Towns Insolvency Act, 1909 and since Petition Nos.43 of 2005 and 44 of 2005 have already been allowed, it would be appropriate to direct that the proceedings arising out of the present petition be consolidated with the proceedings in the earlier petitions. In these circumstances, a separate advertisement is dispensed with in this case. .....