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        <h1>High Court admits petition, orders hearing & advertisement. Stay application dismissed. Petitioners to deposit Rs. 1,000.</h1> <h3>Ind Tra Deco (P.) Ltd. Versus Apple Industries Ltd.</h3> The High Court of Bombay admitted the petition, scheduled a hearing, and ordered advertisement in designated publications. The respondent's stay ... Winding up - Circumstances in which a company may be wound up The High Court of Bombay admitted the petition, fixed a hearing date, and ordered advertisement in specified publications. The respondent's application for stay was rejected. The shares pledged were only as security, and there was no evidence of novation of contract. The petitioners were allowed to deposit Rs. 1,000 with the court.

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