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2008 (5) TMI 413 - HC - Companies LawWinding up - Circumstances in which a company may be wound up - Held that:- As it appears from the facts and circumstances in the present case that the Company is unable to pay its dues and the debt has already been determined and the amount is also payable. Hence, it is well-settled law that a winding up petition is a perfect remedy for enforcing payment of a just debt.
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