1 907.nmis-2-11-ors IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi NOTICE OF MOTION NO. 2 OF 2011 IN INSOLVENCY NOTICE NO. N/21 OF 2010 WITH INSOLVENCY PETITON NO. 7 OF 2011. Re : Narendra C. Soni & Anr. ..Judgment Debtors. Ex-parte : Janki Hotchand Bakshani. ..Judgment Creditor. .... Mrs. Kavita Lalwani, for Judgment Creditor. Mr. Amit Seth, for Judgment Debtor. .... CORAM : S.J. KATHAWALLA, J. DATE : 7TH JULY 2011. P.C. : The following order is passed by consent of the parties :- (i) The Judgment Debtor who is present in Court undertakes to pay an amount of Rs.50,000/- to the Petitioning Creditor on or before 21st July 2011. The undertaking is accepted. In view thereof, Insolvency Notice No. 21 of 2010 dated 26th August 2010 stands set aside and the Insolvency Petition No. 7 of 2011 stands dismissed. (ii) In the event of the Judgment Debtor failing to pay the said amount of Rs.50,000/- as undertaken, the Notice of Motion No. 2 of 2011 and the Insolvency Petition No. 7 of 2011 shall stand revived without reference to this Court and the Notice of Motion No. 2 of 2011 shall stand dismissed and the Insolvency petition shall become absolute in terms of prayer clause (a). 2 907.nmis-2-11-ors 2. The Insolvency Notice as well as the Insolvency Petition are accordingly disposed of. [ S.J. KATHAWALLA, J. ]