:1: IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY IN INSOLVENCY IN INSOLVENCY PETITION NO. 75 OF 2007 PETITION NO. 75 OF 2007 PETITION NO. 75 OF 2007 Re: (1) Virji Patel (2) Ratilal Patel ..Debtors Ex-parte :- Ex-parte :- Ex-parte :- 1. Navdip S. Bhachech 2. Snehit C. Bhachech 3. Amita S. Bhachech ..Petitioning Creditors Mr. C. A. Shukla i/b. Mr. B. S. Chandnani for the Petitioning Creditors. None for the Debtors. CORAM : S. A. BOBDE, J. CORAM : S. A. BOBDE, J. CORAM : S. A. BOBDE, J. DATE : 2ND SEPTEMBER, 2008. DATE : 2ND SEPTEMBER, 2008. DATE : 2ND SEPTEMBER, 2008. P.C. P.C. P.C. . Heard learned counsel for the Petitioning Creditors. 2. The Petitioning Creditors have prayed for adjudication of the Debtors as Insolvents. None appears for the Debtors, though served, as apparent from the Affidavit of Service. 3. In the Affidavit in Support, the Petitioning :2: Creditors have stated that the Debtors are indebted to them in the sum of Rs.6,05,372/- being the amount due under the Decree dated 22.11.2005 passed by this Court in Summary Suit No. 1215 of 2005 and further interest on Rs.4,00,000/- at the rate of 18% per annum from 10.5.2007 till payment. 4. The Debtors were served with Insolvency Notice No. N/126 of 2007 on 26.7.2007. They have neither complied with the Notice nor they have taken any steps to set aside the Notice and thus have committed an act of insolvency on 30.8.2007. The petition is filed within time i.e. within three months from the date of act of insolvency on 30.8.2007. 5. In view of the aforesaid uncontroverted averments above, the Debtors are adjudicated as Insolvents. Order accordingly. (S. A. BOBDE, J.) (S. A. BOBDE, J.) (S. A. BOBDE, J.)