IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY PETITION NO. 69 OF 2006. Re : Kailash Sohanlal Mantry. ... Debtor. Ex-parte : Ram Gopal Bhala ... ... Petitioning Creditor. Mrs. Lambay, Advocate i/by M/s. Lambay & Co., for Petitioning Creditor. None appears for Debtor. CORAM : A. M. KHANWILKAR J. JANUARY 15, 2008. P. C :- 1. The present Petition is founded on the Award dated 27.1.1997 in High Court Notice No. 1080 of 2004 in Award No. A.M.No.020 of 1996. As the debtor failed to pay the amount, Insolvency Notice No. N/179 of 2005 dated 5-10-2005 was issued, which was duly served on the debtor on 30-3- 2006. In that sense, act of insolvency was completed on 5-5-2006. = 2 = As the debtor failed to pay the amount or offer any explanation for non-payment, Petitioning Creditor has had no option but to take out the present action, which has been filed on 14th July 2006. The debtor has been duly served on 6th December 2007 by substitute service. Inspite of such service, none appears for the debtor. No reply has been filed. As no explanation has been offered on behalf of the debtor, Petition ought to succeed in terms of prayer clauses (a) and (b). (a) That this Hon'ble Court may be pleased to pass an order of adjudication against the Debtor abovenamed under the provisions of Insolvency Law. (b) Costs of the petition be provided for. Ordered accordingly. A. M. KHANWILKAR J.