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1952 (8) TMI 12 - HC - Companies LawExtract: .......that the company is unable to pay its debts. That proof to the satisfaction of the court is not in my judgment required in the events mentioned in clauses (i) and (ii) of section 163(1) of the Companies Act. For these reasons there will be an order for winding up of the company. Certified for counsel. Costs to come out of the assets of the company.
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