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2012 (2) TMI 199 - KARNATAKA HIGH COURTCompanies Act 1956 - Petition filed u/s 433(e) & 433(f) of Companies Act, 1956 seeking to wind up the Respondent-Company - 'respondent - Company', is a partnership firm engaged in the business of accepting deposits from the general public – non-repayment of deposit of petitioner – Held that:- Respondent Company is unable to clear the debts of the creditors and therefore, the petitioners have made out a case for winding up of the Company – Decided in favor of petitioner.
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