cp253-09 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.253 OF 2009 Valia Impex Pvt. Ltd. ....Petitioner V/s. Maniyar Plast Ltd. ....Respondent Mr.Santosh Shetty for the Petitioner. Mr.Manish Upadhye i/b Madhavi Deshpande – Ravuri for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 6TH AUGUST, 2010. P.C. :- 1. The dues of the Petitioner are over Rs.1.50 crores. The dues of another Petitioner, who has filed Company Petition No.360 of 2009 are over Rs1.00 crore. Mr.Upadhye, the learned counsel appearing on behalf of the Respondent states that there is no possibility of making payment even of the principal amounts. He further states that the banks/financial institutions have taken over the assets of the company. There is therefore, at present at least, no hope of the company doing any business. 2. In the circumstances, the petition is made absolute in terms of prayers (a) and (b). The Petitioner shall be entitled to the costs fixed at Rs. 5000/- to be recovered in the winding up proceedings.