IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY PETITION NO. 55 OF 2007. Re : Shabhair A. Lokhandwala . . . . . Debtor. Ex-parte : Raju Doulatram Sakhrani . . . . . . Petitioning Creditor. - - - - Mr. C. A. Shukla, Advocate i/by B. S. Chandnani, for Petitioning Creditor. CORAM : A.M.KHANWILKAR J. FEBRUARY 5, 2007. P. C. 1. The present Petition is founded on the decree dated 7th August 2002 in High Court Summary Suit No. 479 of 2002. As the debtor failed to pay the amount, Insolvency Notice No. N/356 of 2006 dated 13th February 2007 was issued, which was duly served on the debtor on 13th February 2007. 2. Inspite thereof, the debtor failed to pay the decretal amount. In that sense, act of insolvency was completed on 20th March 2007. As the debtor failed to pay the amount or offer any explanation for non-payment, Petitioning Creditor has had no option but to take out the present action, which has been filed on 15th June 2007. The debtor has been duly served on 1st December 2007. Inspite of such service, none appears for the debtor. No reply has been filed. As no explanation has been offered on = 2 = behalf of the debtor, Petition ought to succeed in terms of prayer clauses (a) and ( c) Prayers clauses (a) and ( c) reads as under :- a) That this Hon'ble Court may be pleased to make an order of adjudication against the Debtor. b) And the cost of the order of Adjudication be provided for. A. M. KHANWILKAR, J.