IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.719 OF 1999 WITH COMPANY PETITION NOS.616/99, 926/99, 1176/99, 405/2000, 958/2000, 6/2001, 313/2002, CA/834/08 IN CP/723/2000, CA/835/2008 IN CP/725/2000 & CA/936/2008 IN CP/724/2000 B.Mehtalia & Associates, etc. etc. ...Petitioners V/s. M/s.Precision Fasterners Ltd. ...Respondents ...... Ms.Payal Parikh i/b M/s.Dhru & Co. for Petitioners in CP/926/99. Mr.R.C.Dalal for Respondents in CP/926/99, CP/405/2000, CP/6/2001, CP/313/2002 & CA/834/08, CA/835/08 & CA/836/08. ...... CORAM: A.M.KHANWILKAR, J. CORAM: A.M.KHANWILKAR, J. CORAM: A.M.KHANWILKAR, J. DECEMBER 18, 2008. DECEMBER 18, 2008. DECEMBER 18, 2008. P.C. 1. Counsel for the Respondent Company has produced xerox copy of the certified copy of the order dated 16th October 2008 passed by the B.I.F.R. which indicates that revival scheme has been approved by the B.I.F.R. If it is so, claims of the Petitioners in the respective Petitions will stand addressed in terms of the said Scheme. So : 2 : long as the Scheme is operating, it is not open to the Petitioners to ask for amount higher than the one provided in the Scheme qua their claim which is incidentally subject matter in the present Petitions. 2. Thus understood, these Petitions cannot proceed and will have to be terminated with liberty to the Petitioners to institute fresh action for the same relief in the event the Respondent Company is unable to pay the outstanding dues of any of these Petitioners in terms of the Scheme formulated by the B.I.F.R. which can be independent ground for proceeding against the Respondent Company. All questions in that behalf are left open to be decided at the appropriate stage. 3. These Petitions are disposed of on the above terms. 4. Since the main Petitions are disposed of, Company Applications also stand disposed of by this order. : 3 : A.M.KHANWILKAR, J.