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2012 (11) TMI 405 - KARNATAKA HIGH COURTWinding up – alleged that Company is unable to pay its admitted debts – alleged that Company Judge has not taken into account the very sound financial position of the Company - company is a profit making, ongoing company – Held that:- Even an order for merely admitting a Company Petition under Sec. 432(e) and (f) of the Act also should be a speaking order supported by reasons as it definitely can affect the interest of the respondent -Company to a considerable extent - remand the matter to the learned Company Judge to consider the matter afresh and pass orders
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