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2010 (11) TMI 59 - HIGH COURT OF PUNJAB AND HARYANAWinding up of the respondent-company seeked on account of its inability to pay the admitted liabilities Held that:- There exist sufficient circumstances for recall of the order of winding up dated 12-8-2010 passed in CP No. 56 of 2008 and recall of the order dated 12-8-2010 passed in CP Nos. 57, 59 and 60 of 2008 dismissing in default the application seeking setting aside of ex parte admission order. Since the claim of all the creditors stand settled, the petitions seeking winding up of the respondent-company are also dismissed as no cause of action survives in the petitions. No justification in transposing the petitioner-creditor in CP No. 73 of 2007 to support the winding up order. The claim of the said petitioner shall be considered in accordance with law in the said petition separately. CP No.99 of 2005 is already fixed for 11-11-2010. The claim of the said creditor shall be considered on the aforesaid date. Thus the order dated 12-8-2010 passed in CP Nos. 56, 57, 59 and 60 of 2008 is recalled. The petitions are restored to their original number
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