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2010 (8) TMI 175 - HIGH COURT OF KARNATAKAWinding up - Circumstances in which a company may be wound up - Held that:- Petitions are hereby allowed.The respondent-company is ordered to be wound up. Petitioners are directed to deposit a sum of ₹ 25,000 with the Official Liquidator to meet the initial expenses of winding up proceedings. Petitioners are directed to take out paper publication in the English daily newspaper "The Hindu" within fourteen days from the date of receipt of copy of this order. The petitioners are directed to serve a copy of this order on the Registrar of Companies within 30 days.
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