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Companies Law - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Approval of Winding Up Petition for non-satisfaction of the ...

Companies Law

October 7, 2015

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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