nmis72-10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY NOTICE OF MOTION NO.72 OF 2010 IN INSOLVENCY NOTICE NO.109 OF 2007 Re. M/s.Sharda Steel Corporation & Ors. ....Judgment Debtors Ex-parte : Vasant Investment Corporation Ltd. ....Judgment Creditor And M/s.Gujrat Pipav Port Ltd. & Ors. ...Respondents Mr.Poonawalla i/b Ms.Rekha Shukla for the Judgment Creditor. Ms.Laxmi Murali for the Judgment Debtors. CORAM : S.J. VAZIFDAR, J. DATE : 21ST SEPTEMBER, 2010. P.C. :- 1. By consent the Notice of Motion is placed on board and heard finally. 2. The judgment debtors are partners of the drawer of the bill of exchange. This is the judgment debtors’ Notice of Motion for impleading the acceptors in the petition for adjudication. Even assuming that the bill of exchange was accepted by the proposed respondents, they are not necessary parties. The liability of the drawer is independent of that of the acceptors. 3. The Notice of Motion is therefore, dismissed.