The court of additional sessions judge, Vadodara, Dasotondi, will, on October 29,conduct the final hearing of the petition seeking cancellation of bailabale warrant issued against former cricketer, Sunil Gavaskar.

The warrant had been issued by the chief judicial magistrate, Vadodara, after the registrar of companies (ROC), Gujarat filed cases against Gavaskar and five others for false statement in violation of Companies Act, 1956,on June 25,2002.

The matter dates back to 1991,when Sunil Gavaskar and others, including Duleep Singh, HMG Murthy, HMV Murty, Vinod Mistry and Arun L Kapani, started the process for setting up a factory to produce sports shoes and other sports materials. The company, christened as Topline Shoes Ltd, was to be set up at RC Dutt Road, Alkapuri in Vadodara, for which they had registered the company with the ROC, Gujarat, on April 19,1991.

Advocate Noor Mohammed Shaikh, who is appearing on behalf of the ROC, Gujarat, said, "On June 11,1992,the six board members of the company issued a prospectus and made a public issue of shares in July 1992." The public issue was fully subscribed, raising Rs4.65 crore. Commercial production by the company was projected to start in October 1992,he said.

However, Shaikh added, that the company did not implement the project. "The statement made in the prospectus was thus not fulfilled. This amounted to deception, and by doing so all the six persons have committed default and are liable to be punished under the Companies Act." A show-cause notice dated June 7,2002 was served on them. A bailable warrant was issued against Gavaskar, who on April 11,2008 filed a revision application. The fast-track court of Vadodara on November 10,2008 admitted the revision application with a fine of Rs2,000.