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2007 (3) TMI 371 - HC - Companies LawExtract: .......ery for winding up cannot be allowed to be utilized merely as a means for realizing debts due from a company which is also barred by time. Consequently there are no grounds to initiate the winding up proceedings against the respondent company. The petition, therefore, is without merit is liable to be dismissed. The petition therefore, is dismissed.
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