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1984 (4) TMI 251 - HC - Indian LawsExtract: .......amount of the debt exceeds Rs. 500/- (iv) the debt which is liquidated is payable in any case at ascertainable future date if not immediately as contemplated under Section 9(1)(b) of the Act (v) the appellants did not satisfy the Court that they are able to pay their debts. 23. In the result, therefore, the appeal fails and is dismissed with costs.
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