Dravyaa Enterprise v. Firoze A. Nadiadwala

1/2 INPT5.16-7

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

IN INSOLVENCY JURISDICTION INSOLVENCY PETITION NO.5 OF 2016 PID Private Limited )....Judgment Creditor V/s.

Firoz A.Nadiadwala )....Judgment Debtor WITH INSOLVENCY PETITION NO.6 OF 2016 Draavya Enterprises )....Judgment Creditor V/s.

Firoz A.Nadiadwala )....Judgment Debtor ---- Mr.D.D.Madon, Senior Advocate i/by Kanga & Co. for Judgment creditors.

Mr.Aditya Shiralkar i/by Ranjit & Co. for Judgment debtors. [Mr.Sanjay Patel-director of Petitioning creditor in Petition No.5 of 2016 and partner of Petitioning creditor in Petition No.6 of 2016 present].

Mr.Firoz A.Nadiadwala-debtor present.

---- CORAM : K.R.SHRIRAM,J DATE : 24.4.2018 P.C.:- INSOLVENCY PETITION NO.5 OF 2016 Parties have entered into consent terms dated 17.4.2018. The consent terms signed by the 2 directors of petitioning creditors, the debtor and their respective advocates is taken on record and marked `X' for identification. Shri Madon Senior Advocate for petitioning creditors states that one of the directors Gurunath Korgaonkar is not present in court but he was present on the last date KJ

2/2 INPT5.16-7 and Mr.Amin partner of Kanga & Co. instructing Mr.Madon, identifies signature of Mr.Gurunath Korgaonkar and states that it was put in his presence. The other director Sanjay Patel and the debtor are present in court and are identified Mr.Amin and Mr.Ranjeet, respectively. Order in terms of consent terms. All undertakings in the consent terms are accepted. Petition stands disposed accordingly. INSOLVENCY PETITION NO.6 OF 2016 Parties have entered into consent terms dated 17.4.2018. The consent terms signed by the 2 partners of petitioning creditors, the debtor and their respective advocates is taken on record and marked `X' for identification. Shri Madon Senior Advocate for petitioning creditors states that one of the partners Gurunath Korgaonkar is not present in court but he was present on the last date and Mr.

Amin partner of Kanga & Co. instructing Mr.Madon, identifies signature of Mr.Gurunath Korgaonkar and states that it was put in his presence. The other partner Sanjay Patel and the debtor are present in court and are identified Mr.Amin and Mr.Ranjeet, respectively. Order in terms of consent terms. All undertakings in the consent terms are accepted. Petition stands disposed accordingly. (K.R.