2003 (12) TMI 338

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....ar, J. - The petitioner has filed this petition for winding up of the respondent-company on the ground that the respondent is due in a sum of Rs. 3,77,950 together with interest at 24 per cent, per annum on the ground that the respondent is unable to pay the debts. The respondent after service of notice entered appearance and filed detailed statement of objections contending that the respondent....