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2010 (1) TMI 580 - HC - Companies LawWinding up petition dismissed - Held that:- The winding up process cannot be taken as a device for recovery of money as regards the transactions between the parties. Merely because there was a notice under section 434 of the Companies Act, it would not lead to an order of winding up to be made. For the reasons stated above, this Court is of the view that the learned Single Judge was perfectly correct in dismissing the petition.
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