'5/4 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CRL.M.C. 1094/2010 RNMALHOTRA .....Petitioner Through: Mr. NagendraRai, Sr. Advocatewith Mr. Praveen Kumar, Advocate versus BHUPESHKUMARJAIN&ORS Respondents Through: None CORAM: HON'BLEMR. JUSTICEP.K. BHASIN ORDER o/o 08.04.2010 rRL.M.A.3873/2010 Exemptionas prayed for is granted subjectto all just exceptions. The applicationstandsdisposedof. n^T.M.C. 1094/2010 Counsel for the petitionersays that the respondentno. 2 Company ot whichthe petitionerwas one ofthe Directorsis underliquidationand an official liquidatoralready stands appointed.The consequenceof which is tliat no legal proceedingscan contmue againstthe Company and its Directorsincludingthe present petitioner under Section 138 of the Negotiable Instruments Act as providedunder Section446 ofthe CompaniesAct. Counsel,however,says that the petitionerintendsmovingan appropriateapphcationbeforethetrialCourtand therefore,this petitionmay be allowedto be withdrawnwith libertyto approach the Courtagainifthe Magistratedoes not acceptthe requestofthe petitionerfor stay of the proceedings. Thispetitionis accordinglydismissedas withdrawn^dthe libertyprayed for is granted. Dasti. P.K. BHAS1N,J/ APRIL 08, 2010/pg Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified