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1958 (9) TMI 44 - HIGH COURT OF PUNJABExtract: .......We agree with the appellant that before taking action under section 153C, the court must be satisfied that circumstances exist on which an order for winding up could be made under section 162. For the reasons stated above, I find no force in the contention of the petitioners. The petition is without merit and it is, therefore, dismissed with costs.
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