IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.862 OF 2004 Asian Paints India Ltd. ... Petitioners Vs Sarigon Organics Ltd. ... Respondents Ms.Cynthia Pereira i/by M/s.Rajani Associates for the petitioners. None for the respondents CORAM : S.J. VAZIFDAR, J. DATED : 30TH JUNE, 2010. P.C. : 1. This is a petition for winding up the Respondent-company interalia on the ground that it is unable to pay its debts. 2. According to the petitioners, the Company is indebted to the petitioners in the sum which today exceeds Rs.25,00,000/- The claim arises on account of the the goods sold and delivered by the respondents to the petitioners. The claim is admitted. In fact by a letter dt.7.2.04, the respondents admitted its liability in the sum of Rs. 16,10,544 and agreed to create securities to ensure the repayment thereof. 3. The Company however, failed to repay the said amounts. There was no reply to the Company Petition. When the Company Petition was admitted on 1.04.05, the company remained absent. The Company is absent today. 4. In the circumstances, the Company Petition is made absolute in terms of prayer clause (a) and (b). The petitioner shall also be entitled to recover the costs fixed at Rs.10,000/- in the winding up proceedings.