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1949 (9) TMI 24 - HC - Indian LawsExtract: .......lls Co., Ltd.', 39 Bom. 47. Recourse should not be had to winding-up proceedings for the purpose of recovering a disputed debt or for stifling proceedings which seek to challenge or impugn such debts. On the facts of this case it Is impossible to say that the defence of the company is a cloak or contrivance to put off payment of its just debts.
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