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2004 (7) TMI 360

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....tition relates to a claim for money lent and advanced amounting to Rs. 5 lakhs. The company issued an account-payee cheque dated July 1, 2002 for the said amount which was dishonoured for non-payment. Statutory notice of demand has not been replied to. Hence, it appears that the company has no defence to the just claim of the petitioning creditor. 3. Winding-up petition is thus admitted for the....

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