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2001 (3) TMI 922 - HC - Companies LawExtract: ....... the contract. The only ground urged by the Board was that the company is unable to pay its debts. No other ground is urged. 33. In the result, we allow this appeal and set aside the order dated 13-2-1997, passed in Company Petition No. 96 of 1992, admitting the petition. As a consequence Company Petition No. 96 of 1992, stands dismissed. No costs.
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