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Court Rejects Winding Up Petition Against Profitable Company Citing Dispute on Debt Validity u/ss 433 & 434.

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....Winding up petition u/s 433 and 434 of the Companies Act, 1956 - respondent company is a profit making company and not a single instance of any creditor's legal action before any forum was pointed out - prima facie, dispute exists about the debt - no justification for ordering winding up - HC....

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