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2001 (3) TMI 921 - HC - Companies LawExtract: .......as responsible for the non-utilisation of the component would be a matter of evidence. In the circumstances, it will not be possible to hold that there is any debt due and payable by the respondent to the petitioner. 7. In the circumstances, the petition for winding up is rejected, leaving it open to the petitioner to pursue its remedies in a suit.
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