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1987 (3) TMI 419

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.... and 2 filed a suit against the petitioner and respondent No. 3 for the recovery of Rs. 1,50,000 on account of the goods supplied to the petitioner as marketing director of M/s. Edison Craft Pvt. Ltd. The company has admittedly gone under liquidation. The defendants, therefore, moved an application that the suit was liable to be stayed under section 446 of the Companies Act which provides that no ....

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