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2003 (3) TMI 545 - HIGH COURT OF BOMBAYExtract: .......company owed less than Rs. 5,00,000 was dispensed with. In these circumstances, I would interpret strictly the order of this court dated 5th December, 2002 dispensing the notices. The majority in number of the creditors have no notice of the petition and the court must protect their interest. 9. For these reasons, the Company Petition is dismissed.
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