Court Approves Winding-Up Petition as Respondent Fails to Address Creditor's Demand Supported by Foreign Court Decree.

Approval of Winding Up Petition for non-satisfaction of the award – There is no warrant to deprive a creditor with a decree of foreign Court and the same can also file a winding up petition – it is clear that Respondent is unable to clear its debts and has neglected to satisfy the demand without any sustainable reasons thus petition is admitted - HC .....

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