Co.Pet. 13/2007 BEFORE HON’BLE MR. JUSTICE AMITAVA ROY Heard Mr. Ghosh, learned Counsel for the applicant and Mr. S.R. Kakrania, learned Counsel for the opposite party. By an affidavit, the opposite party has averred on solemn affirm ation that the four cheques referred to in this Court’s earlier order dated 30/9 /2010 and issued by the applicant in favour of the opposite party and the other creditors have been encashed and that the sum thereof has been realised in full and final satisfaction of the dues for which the Company Petition No. 13/2007 ha d been instituted. In course of the arguments, Mr. Kakrani has submitted on instruc tions that in view of the above developments, the petitioner and the other credi tors are not interested to press the Company Petition. After hearing the learned Counsel for the parties and on a consi deration of the intervening developments which demonstrably sets at rest the con troversy for which the aforementioned Company petition had been instituted, this Court is of the view that in the attendant facts and circumstances, it is exped ient to provide a quietus to the issue before it by exercising its inherent powe rs under Rule 9 of the Companies (Court) Rules, 1959, and that the order dated 2 /9/2010 be recalled and the Company Petition No. 13/2007 be dismissed as not pre ssed. Ordered accordingly. The parties would complete the consequential legal fo rmalities without further delay. Misc. case stands disposed in the above terms.