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2000 (3) TMI 1017 - HC - Companies LawExtract: .......yment. This proposal, however was rejected by the petitioner. In view of the above also, I do not find much substance in the submissions made by Mr. Kadam. Even if the petition cannot be maintained on the basis of the reconciliation statement, the liability under any circumstances is admitted. 4. In view of the above, this application is dismissed.
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