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    <title>1947 (5) TMI 12 - HIGH COURT OF LAHORE</title>
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    <description>Prior dismissal of an earlier, prematurely withdrawn winding-up petition does not bar a fresh petition and non-payment of a subsequent call, standing alone, does not deprive a contributory of the right to present a winding-up petition; the call&#039;s validity and other facts may require inquiry. A provisional liquidator will not be appointed where opposition exists absent a clear, uncontested case justifying that drastic relief; instead the court may grant targeted interim measures. Accordingly the court refused a provisional liquidator but ordered an audit, stayed related suits, directed a shareholders&#039; meeting and restrained withdrawals by the managing director pending further trial.</description>
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    <pubDate>Thu, 15 May 1947 00:00:00 +0530</pubDate>
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      <title>1947 (5) TMI 12 - HIGH COURT OF LAHORE</title>
      <link>https://www.taxtmi.com/caselaws?id=96955</link>
      <description>Prior dismissal of an earlier, prematurely withdrawn winding-up petition does not bar a fresh petition and non-payment of a subsequent call, standing alone, does not deprive a contributory of the right to present a winding-up petition; the call&#039;s validity and other facts may require inquiry. A provisional liquidator will not be appointed where opposition exists absent a clear, uncontested case justifying that drastic relief; instead the court may grant targeted interim measures. Accordingly the court refused a provisional liquidator but ordered an audit, stayed related suits, directed a shareholders&#039; meeting and restrained withdrawals by the managing director pending further trial.</description>
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