inpt22-10 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY INSOLVENCY PETITION NO.22 OF 2010 Re. : Naresh B. Oberoi ....Debtor Jaspal Singh Kohli ....Petitioning Creditor Mr.Nalin M. Shah for the Petitioning Creditor. None for the Debtor. CORAM : S.J. VAZIFDAR, J. DATE : 5TH APRIL, 2011. P.C. :- 1. This is a petition for adjudicating the debtor an insolvent. An ex-parte decree in the sum of Rs.9,12,000/- together with interest at 18% p.a. from 1.7.2010 on Rs.8,00,000/- was passed in favour of the petitioning creditor. The insolvency notice was issued. The debtor did not take out notice of motion for setting aside the same. The debtor has been avoiding the service in the past. Ultimately, he was served on 12.3.2011. 2. In the circumstances, the petition is made absolute in terms of prayers (a) and (b). The costs are fixed at Rs.10,000/- which may be recovered in the insolvency proceedings.