I am also still having this issue as well:

$ service networking restart
stop: Unknown instance:
networking stop/waiting

$ lsb_release -a
No LSB modules are available.
Distributor ID: Ubuntu
Description:    Ubuntu 12.04.1 LTS
Release:        12.04
Codename:       precise

$ dpkg -l sysvinit\* | grep sysvinit
un  sysvinit                        <none>                       (no 
description available)
ii  sysvinit-utils                  2.88dsf-13.10ubuntu11.1      System-V-like 
utilities

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https://bugs.launchpad.net/bugs/440179

Title:
  service fails to start/stop/restart networking daemon

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