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1997 (10) TMI 324 - HC - Companies LawExtract: ....... required by BIFR for taking action against the debtor company including the application for winding up. 11. For the foregoing reasons, in the winding up case, proceedings cannot be stayed because debts had been incurred by the respondent-company subsequent to the scheme framed by BIFR for rehabilitation of the respondent-company. SCL q JULY 5,1998
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