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1976 (1) TMI 113 - HIGH COURT OF BOMBAY
Extract:
.......ercially solvent. It must be remembered that winding up is an extraordinary remedy and, in my opinion, the court should be slow in exercise of its powers and discretion. In this view of the matter, I find that no prima facie case has been made out by the petitioners which calls for winding up of the company. In the result, the petition is rejected.