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2013 (6) TMI 63 - DELHI HIGH COURTVoluntary winding up - huge loss - no steps taken by any of the creditors for recovery of their dues - Even though the counsel for the appellant Company has offered to give up the counter claim against Prasar Bharti and further offered that the ex-management will continue to contest the claim of Prasar Bharti against the appellant Company and not burden the Official Liquidator with the same but in the entirety of the facts aforesaid we are suspicious of the motives of the appellant Company in seeking its winding up when there does not appear to be an apparent reason therefor. The possibility of the appellant Company seeking winding up for other oblique reasons which are not visible to this Court and of the management of the appellant Company seeking the winding up to remove a blemish from their own record and which may be coming in the way of their other ventures, cannot be ruled out. Application for voluntary winding up rejected.
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