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1990 (4) TMI 246 - HIGH COURT OF GUJARAT
Extract:
.......upreme Court, it is abundantly clear that the petitioning creditors have no absolute right to insist on winding up of the company even if the company is unable to pay its debts. Hence, it would be in the interest of justice to give the company some time to come out of its momentary financial crisis. Hence, at present these matters are not admitted.