inpt23-09.doc 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY INSOLVENCY & INTESTATE JURISDICTION INSOLVENCY PETITION NO.23 OF 2009 Manoharlal N. Valecha .. Petitioner Versus Mrs.Seema Atul Agarwal .. Respondent Ms.Parvathy i/b. B.S.Chandnani for petitioning Creditor Ms.Kavita Lalvani for supporting creditor Debtor absent. CORAM : S.C.DHARMADHIKARI, J. DATE : 15th February 2011. P.C.: 1] It is stated by the Counsel appearing for petitioning creditor that after the settlement of the claim by the debtor of the petitioning creditor, she has taken steps to advertise the withdrawal in Free Press Journal and Daily Janmabhoomi. The extract of advertisement published is produced on record. 2] It is confirmed by the department that no claims have been received in pursuance of this public advertisement. None of the creditors or claimants who have to recover any amount from the debtor are present inpt23-09.doc 2 pursuant to such notice. 3] However, Ms.Lalwani appears for five petitioning creditors, who have filed independent petitions and have also filed suits against the debtors in the City Civil Court (one in City Civil Court and four in this Court). Ms.Lalwani states on instructions that she will take steps to lodge their claim with the Insolvency Registrar. 4] If the claims are lodged within a period of two weeks from today, the said petitioning creditors shall be substituted as petitioners in this petition and they will be permitted to then proceed with it in accordance with law. If the claims are not filed with necessary proof within this period, this petition to stand dismissed as withdrawn. (S.C.Dharmadhikari, J)