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2016 (8) TMI 1542 - BOMBAY HIGH COURTSeeking to wind up the Respondent Company - Winding sought on the ground that it is unable to pay its debts - HELD THAT:- The huge amounts are due and payable by the Respondent Company to the Petitioner and which are undisputed. In fact, in discharge of their liability, the Respondent Company had also issued cheques aggregating to a sum of ₹ 2.20 Crores which have been dishonoured. In these circumstances, the Respondent Company is unable to pay its debts which would entitle the Petitioner to an order of admission of the Company Petition. The Company Petition is admitted and made returnable on 19 September, 2016.
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