:1: IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN INSOLVENCY IN INSOLVENCY IN INSOLVENCY PETITION NO. 24 OF 2008 PETITION NO. 24 OF 2008 PETITION NO. 24 OF 2008 Re: Suresh Mehta ..Debtor Ex-parte : Ex-parte : Ex-parte : M/s. Arpan Leasing Co. Ltd. ..Petitioning Creditor Mr. Kiran Nikam i/b. S. Ashwinikumar & Co. for the Petitioning Creditors. None for the Debtor. CORAM : S. A. BOBDE, J. CORAM : S. A. BOBDE, J. CORAM : S. A. BOBDE, J. DATE : 5TH AUGUST, 2008. DATE : 5TH AUGUST, 2008. DATE : 5TH AUGUST, 2008. P.C. P.C. P.C. . Heard learned counsel for the Petitioning Creditor. None appears for the Debtor, though served as per Affidavit of Service dated 17.7.2008. 2. According to the Petitioning Creditors, the Debtor is the Judgment Debtor in Decree dated 25.7.2007 in High Court Suit No. 1470 of 1998 in the sum of Rs.61,14,082/-, with further interest at the rate of 18% per annum from 25.7.2007 till payment. :2: 3. The Insolvency Notice No. N/198 of 2007 dated 29.10.2007 for recovery of the said sum was served on the debtor on 29.1.2008. The Debtor has however not complied with the Notice by 7.3.2008. The Debtor has also not adopted any proceedings for setting aside the Insolvency Notice before the said date. According to the Petitioning Creditors the Debtor has within 35 days after service of the Insolvency Notice committed an act of insolvency on 7.3.2008 by not complying with the requisitions of the Insolvency Notice. 4. The Debtor has neither entered appearance nor has filed any reply. There is no reason to disbelieve the statements made in the Petition. Hence, Petition is allowed in terms of prayer clause (a). Debtor is accordingly adjudicated as an insolvent. Petition is disposed of accordingly. (S. A. BOBDE, J.) (S. A. BOBDE, J.) (S. A. BOBDE, J.)