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2007 (8) TMI 466 - HIGH COURT OF BOMBAYWinding up - Circumstances in which a company may be wound up - Held that:- Taking all into account including the so-called defences raised this Court on 11-6-2004 after hearing both the parties has admitted the petition. The petitioners have complied with all the necessary formalities as required under the law. The necessary affidavits are part of record. None appeared for the respondent-company though the matter has been in the list of final hearing board since 20-7-2007. It was adjourned from time to time for the response. On 24-8-2007 as last chance was given in the matter and in fact it was kept for disposal. None appeared for the respondent today again. Thus in view of uncontroverted position and the clear admissions on the part of the respondent-company, insofar as the liability in question is concerned, there is no doubt that the petitioner has made out a case as contemplated under the provisions mentioned.
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