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of <h1>Revival of Company Petition for Payment Default</h1> The High Court of Bombay allowed the revival of a company petition due to default in payment as per consent terms. The petition was transferred to the ... Winding-up - Circumstances in which a company may be wound up The High Court of Bombay allowed the revival of a company petition due to default in payment as per consent terms. The petition was transferred to the High Court of Bombay and admitted in 1997. The company was served notices through registered post and newspaper publications, leading to the petition being made absolute in favor of the petitioners.
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