1 jpc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 167 OF 2010 Vijas Digital (I) Pvt. Limited .. Petitioner Versus Tips Industries Limited .. Respondent Mr. D. Madon,Senior Advocate a/w Mr. A. S. Doctor a.w Mr. Mikhali Beni i/by Kanga & Company for the Petitioner Mr. Farhan Dubhash a/w Ms. Vibhuti Desai i/by Poonam R. Mital & Kunal Vepa for the Respondent CORAM : S. J. KATHAWALLA, J. DATE : 21 st September, 2010 P.C.: By consent of the parties, the following order is passed: i. The Respondent Company shall pay an amount of Rs. 25,00,000/- (Rupees twenty five lacs only) to the Petitioner in full and final settlement of the claim of the petitioner made in the present company petition. ii. Out of the said amount of Rs.25 lacs, a cheque of Rs. 8,90,987/- (Rupees eight lacs ninety thousand nine hundred eighty seven only ) is handed over to the Advocate for the Petitioner in Court. The balance amount of Rs.16,09,013/- shall be forwarded (by the Respondent Company) by way of 2 a pay order to the Advocate for the Petitioner on or before 30th October, 2010. iii. In the event of failure on the part of the Respondent Company to pay the balance amount of Rs.16,09,013/- (Rupees sixteen lacs nine thousand thirteen only) on or before 30th October, 2010, the Company Petition shall, revive and stand admitted, made returnable within six weeks from the date of default and advertised in two local newspapers i.e. Free Press Journal and Maharashtra Times and Maharashtra Government Gazette without reference to this Court. iv. Upon such default, the petitioner shall, within two weeks from the date of default, deposit with the Prothonotory and Senior Master, a sum of Rs. 10,000/- (Rupees ten thousand) towards publication charges, failing which the Company Petition shall stand dismissed for want of prosecution. v. The Company Petition is accordingly disposed of with no order as to costs. (S. J. KATHAWALLA, J.)