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2011 (4) TMI 1199 - HIGH COURT OF GUJARATWinding up – appropriation/adjustment of the amounts - amount due and payable - Company has neglected to pay any amount as demanded by the above notice - petition and has also published the notice in a two daily newspapers and accordingly the affidavit dated 1-4-2011 is filed. Thereafter also there is no willingness on the part of the respondent Company to pay the dues. It appears that the Company is unable to perform its functions under the provisions of the Companies Act, 1956 since it has lost its sub-stratum and accordingly, it is ordered to be wound up
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