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Winding up petition admitted as company failed to pay an admitted liability: HC

January 4, 2017[2017] 77 290 (Bombay)/[2017] 2 COMP. LJ 523 (Bombay)/[2017] 200 COMP CASE 405 (Bombay)

CL: Where debt owed by respondent shipping company to petitioner corporation was not disputed and security was created by lease which had already expired, winding up petition against respondent company was maintainable on its failure to pay such debt

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