IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION PETITION PETITION PETITION NO. 75 OF 2002. NO. 75 OF 2002. NO. 75 OF 2002. Mahico Pvt.ltd. ... Petitioning creditor. Versus. Harinarayan Bajaj ... Judgment debtor. and 1.Sheth Securities Pvt.Ltd. 2.LKP Securities Ltd. 3.Madhukar Sheth. ... Intervenors. Shri Vivek Sharma i/by M/s.Dhru & Co. for the judgment debtor. CORAM CORAM CORAM : ABHAY S.OKA, J. : ABHAY S.OKA, J. : ABHAY S.OKA, J. DATED DATED DATED : 17th July, 2007. : 17th July, 2007. : 17th July, 2007. P.C.: P.C.: P.C.: 1. Heard the learned Counsel appearing for the petitioning creditors. The insolvency notice has been taken out on the basis of non-compliance with the Award made by an arbitral tribunal. In view of the decision of the Apex Court in the case of Paramjeet Singh Patheja v/s. ICDS Ltd. [JT 2005 (10) S.C. page 41 the petition cannot be prosecuted further. The same is accordingly disposed of. Judge. Judge. Judge.