Court Evaluates Company's Request for Respite in Winding-Up Proceeding After Significant Installment Payment.

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....Winding up - When the company paid installments to a substantial extent and prayed for some respite the Division Bench, in our view, would be within its right to consider such prayer and examine as to whether the applicant would deserve such treatment and the Court would not be so powerless to entertain such application - HC....