S. P. Builders And ANR. v. Shrikrishna Murlidhar Khandelwal And ANR.

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4. APPL 286-18.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

IN INSOLVENCY APPEAL (L) NO.286 OF 2018 IN INSOLVENCY PETITION NO.13 OF 2015 WITH NOTICE OF MOTION NO.624 OF 2018 M/s S.P. Builders And Another ...

Appellants

Versus

Shrikrishna Murlidhar Khandelwal ...

Petitioner Creditor (Deleted) Paresh Vora ...

Respondent Sub. Supporting Creditor .....

Mr. Amit Seth for the Appellant.

Ms. Kavita S. Lalwani for the Respondent.

.....

CORAM : NARESH H. PATIL AND S.C. GUPTE, JJ.

DATE : 10 AUGUST 2018.

P.C. :

.

Learned Counsel appearing for the Appellant submits that he has forwarded pay orders to the Respondent, the details of which are as under : Sr.No.

Name of Bank P.O. No. & Dt.

Amount Yes Bank Ltd, 571439 Worli, Mumbai-18 10/08/2018 Rs.1,80,000/- HDFC Bank 014252 Chowpaty, 09/08/2018 Rs.5,70,000/- Mumbai-7 _____________ Total :

Rs.7,50,000/-

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4. APPL 286-18.doc Learned Counsel appearing for the Respondent submits that Paresh Vora, the Respondent has accepted two pay orders. Learned Counsel on instructions of Paresh Vora, submits that the Respondent would withdraw the proceedings initiated under Section 138 of the Negotiable Instruments Act, pending before the Metropolitan Magistrate, 33rd Court, Ballard Pier, Mumbai on or before the next date. As payment has been received by the Respondent, Insolvency Petition No.13 of 2005 stands dismissed. The appeal stands disposed of. [S.C. GUPTE, J.] [NARESH H. PATIL, J.] by Rajesh Vasant Chittewan Date:

2018.08.21 11:25:24 +0530 Rajesh Vasant Chittewan