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1999 (9) TMI 768 - HIGH COURT OF ALLAHABADExtract: .......ent-company had failed to pay the amount and it shall be taken as debt. The respondent-company has failed to pay its debt. The petition is liable to be advertised under rule 24 of the Companies (Court) Rules, 1959. The petition is admitted and shall be advertised in accordance with the said rules. The petitioner shall take steps within three weeks.
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