1989 (9) TMI 290

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.... It is contended by learned counsel for the non-petitioner that the present petition moved under section 434 of the Companies Act is not maintainable as it has been filed after the commencement of inquiry under section 16 of the Sick Industrial Companies (Special Provisions) Act, 1985 (in short "the Act"). Learned counsel for the petitioner does not dispute the position. Admittedly, the prese....