cp17-07 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.17 OF 2007 Nouveau Medicament Pvt. Ltd. ....Petitioner V/s. Molecular Diagnostics Pvt. Ltd. ....Respondent Mr.G.V. Aiman for the Petitioner. None for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 26TH JULY, 2010. P.C. :- 1. This is the petition for winding up the Respondent company on the ground that it is unable to pay its debts. According to the Petitioner, the Respondent is indebted to it in the sum of Rs.2,41,84,004=50 ps. The Petitioner’s claim arises on account of the money lent and advanced by it to the Respondent under an M.O.U. dated 1.4.2003. The liability is admitted by the Respondent in the audited accounts. 2. There was no reply to the statutory notice. There is no affidavit in reply. The Respondent company was absent when the petition was admitted on 12.4.2007. The company is absent today. There is no defence to the Petitioner’s claim. It is clear that the company is unable to pay its debts. 3. In the circumstances, the petition is made absolute in terms of prayers (a) and (b). The Petitioner shall be entitled to the costs fixed at Rs. 10,000/- to be recovered in the winding up proceedings.