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2018 (8) TMI 435 - HC - Companies LawWinding up petition - invalid advertisement of the winding up application published in the newspapers - Held that:- In the present case, it is a fact that when the company (presently in liquidation) failed to deposit ₹ 50,00,000/- as directed by the Division Bench on September 04, 2015 the petitioning creditor caused the advertisement of the winding up application being published in newspapers stating that application would be heard by the Court on October 14, 2015. However, when the company (presently in liquidation) was registered with the BIFR, by the order dated March 22, 2016 a learned Single Judge of this Court adjourned the hearing of the winding up application sine die. Until the company (presently in liquidation) filed the said application the winding up application did not appear before this Court. Even in the said application the company (present in liquidation) claimed the advertisement of the winding up application published in the newspapers on September 14, 2015 to be invalid advertisement.
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