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Reduction of paid up share capital seeked - the procedure stipulated in Section 101(2) and (3) of the Companies Act 1956 for the settlement of list of creditors will not apply. The prayers sought for in this petition are granted and the petition is allowed. - HC

Companies Law - Reduction of paid up share capital seeked - the procedure stipulated in Section 101(2) and (3) of the Companies Act, 1956, for the settlement of list of creditors will not apply. The p .....

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