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1992 (11) TMI 221 - HIGH COURT OF BOMBAYExtract: .......t that commercial insolvency will not depend on the assets of the company but the question is one of liquidity to pay the debt. The petition is admitted and the company be wound up under the provisions of the Companies Act, 1956. The official liquidator is appointed to take charge of the property and effects of the company. Advertisement to follow.
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