1 mgj IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION Company Petition No.538 of 2009 In the matter of winding up of M/s Imperial Vinyl Pvt.Ltd. Ambaslal B. Patel ..Petitioner Ms.Nita G.Solanki for petitioner Mr.M.R.Raut for respondent Mr.Yogesh Choksi, Director of respondent presnert. CORAM: S.J.KATHAWALLA J. 11th September, 2009 P.C. 1 The above petition is disposed of by the following order which is passed by consent of the parties. i) The respondent shall pay an amount of Rs.18 lacs in full and final settlement of the claim of the petitioner in the above company petition as follows: a) Rs.3 lakhs on or before 15th October, 2009. b) Rs.1 lakh per month for 15 months 2 starting from 15th November, 2009 and thereafter on or before 15th day of every month. ii) Upon failure on the part of the respondent to pay the initial amount of Rs.3 lacs and/or any of the installments payable thereafter the company petition shall stand revived and admitted without further reference to court. 2 In the event of the admission of the company petition, the petitioner shall advertise the petition in two local newspapers, namely, 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 Master towards the publication charges, within three weeks from the failure on the part of the respondent to deposit the installment, with intimation to the Company Registrar failing which the 3 petition shall stand dismissed for non prosecution. (S.J.KATHAWALLA J.)