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1974 (1) TMI 44 - HIGH COURT OF PUNJAB AND HARYANAExtract: .......osition to meet its liabilities as and when they arise . In the light of the above judgments, I hold that the Registrar of Companies has not been able to prove in the present case that the respondent-company is unable to pay its debts. I, therefore, find no merit in this petition which is dismissed, but the parties are left to bear their own costs.
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