spb/- 1 nms07-11.sxw IN THE HIGH COURT OF JUDICATURE AT BOMBAY INSOLVENCY JURISDICTION NOTICE OF MOTION NO. 07 OF 2011 IN INSOLVENCY PETITION NO. 82 OF 2002 Avinash Bansi Jaising & Anr. ... Insolvents. V/s. Suraj Prakash Khemchand ... Petitioning Creditor. --- Mr. Niranjan Jagtap with A.P. Bagwe i/by Niranjan Jagtap & Co. for the Insolvent No.1. Mr. Sandeep Jalan i/by Kukreja & Co. for Petitioning Creditor. Mr. Y.C. Parikh, Official Assignee -present. ----- CORAM : D. G. KARNIK, J. DATE : 15th MARCH, 2011. P.C. 1 This Notice of Motion has been taken out by the Insolvent No.1, seeking permission of this court to accept the consultancy assignment of Danddeli Ferro Private Ltd. and to travel to Australia and Singapore with multiple entry visas for a period of 90 days between April and June, 2011. By three previous orders i.e. dated 17th March, 2009 passed by Hon’ble Mr. Justice S.J.Vazifdar, dated 4th December, 2009 passed by Hon’ble Dr. Justice D.Y. Chandrachud and the order dated 27th April, 2010 passed by Hon’ble Mr. Justice S.J.Kathawala, this Court had permitted the insolvent no.1 to travel abroad on consultancy subject to certain terms and conditions. spb/- 2 nms07-11.sxw 2 The petitioning creditor has not filed any reply to the present notice of motion though the same has been served on him a week ago. 3 The insolvent no.1 through his counsel undertakes to return to India by second week of June, 2011 and latest by 15th June, 2011. Undertaking is recorded and accepted. 4 The insolvent no.1 is granted permission to travel abroad i.e. to Australia and Singapore with multiple entries between April and June, 2011 subject to the following conditions : i Insolvent No.1 upon receipt of the consultancy fee from the said company shall deposit 15% thereof with the official assignee. ii The insolvent no.1 shall submit proof with the official assignee of the amount received from the said company within four weeks from the receipt thereof. iii The insolvent no.1 shall return to India latest by 15th June, 2011. iv The insolvent no.1 shall not apply for citizenship or residency permit without permission of this court. 5 The official assignee is directed to return passport to the insolvent spb/- 3 nms07-11.sxw no.1 on his filing an undertaking to re-deposit the passport with him on his return. 6 Notice of motion is disposed of accordingly. [D.G. KARNIK, J.]