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1986 (10) TMI 288 - HC - Companies LawExtract: .......made by learned counsel for the petitioners that the respondent company is commercially insolvent or that it had neglected to pay the alleged dues, being unable to pay its debts (see 1985 IJL 382). In the result, for the above reasons, I do not see any valid ground to admit these petitions which are consequently dismissed with no order as to costs.
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