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2011 (9) TMI 839 - HIGH COURT OF RAJASTHANPetition seeking winding up of a company - creditor as well as shareholder / contributor of the company - held that:- no purpose is going to be served to continue the Company since the objects for which it was incorporated has substantially failed and it is impossible for the Company to carry out business of the Company in view of differences between the Directors and total lack of management who have lost their confidence in each others and the differences have reached to the extent that there is every possibility of more litigations cropping up between them. - winding up order issued.
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