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2005 (5) TMI 666 - DELHI HIGH COURTExtract: .......encement of winding-up and transaction was merely completed during the period of winding-up in pursuance of such contract, Section 536(2) of the Act, which deals with avoidance of transfers etc., after commencement of winding-up, would have no application. 12. I, therefore, do not find any merit in these applications and dismiss the same. No costs.
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