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2010 (12) TMI 1058 - DELHI HIGH COURTWinding up - Circumstances in which a company may be wound up - Held that:- A petition for winding up with an aim of coercing payment of a disputed debt is an abuse of the process of court. The defence raised in the present case is substantial. Thus the present petition for winding up is not admitted and is dismissed. The observations and findings made above are for the disposal of the present winding up petition and will not prejudice any litigation inter se parties.
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