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1981 (1) TMI 179 - HIGH COURT OF KARNATAKAExtract: .......33 of the Act and proceed to make an order for the winding up the 1st respondent-company. Therefore, the petition is rejected with liberty reserved for the petitioner to recover the sums from the respondents in a properly framed suit in a civil action in accordance with law. But, in the circumstances of the case, there will be no order as to costs.
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