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1997 (12) TMI 539 - HC - Companies LawExtract: .......uit. The High Court of Punjab and Haryana in State Trading Corpn. of India Ltd v. Punjab Tanneries Ltd 1989 66 Comp. Cas. 634, also had declined to exercise the powers under section 433, in view of the fact that the petitioner therein had already resorted to a civil suit for recovery of the disputed debt. 14. Resultantly, the petition is dismissed.
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