IN THE HIGH COURT OF BOMBAY AT GOA COMPANY PETITION NO. 15 OF 2010 APARANT IRON AND STEEL PRIVATE LIMITED A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 AND HAVING ... Petitioner Mr. Sudin M. S. Usgaonkar, Advocate for the Petitioner. Mr. Carlos A. Ferreira, Asst. Solicitor General for the Regional Director. Shri Sanjay Kumar Gupta, Official Liquidator, present in person. Coram:- S. J. VAZIFDAR, J. Date:- 9th April, 2010 P.C. I have today signed the Minutes of the Order allowing the reduction in share capital. It is contended by the Company that the existing paid up capital of Rs.6,00,00,000 is not accurately represented by the Company's assets due to the accumulated losses to the debit of the profit and losses account. The Company, therefore, desires to reorganize and restructure its paid up equity capital by virtue of the present scheme. The entire procedure has been followed. There is nothing on record to indicate that the scheme ought not to be allowed. There is no objection received. 2. I have accordingly disposed of the Petition in terms of the said Minutes of the Order. 3. The amendment to the Petition shall be carried out forthwith. S. J. VAZIFDAR, J. arp/*