2014 (9) TMI 1139

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....w of the stand taken by the company in reply to the statutory notice issued on behalf of the petitioning creditor, this Court unhesitatingly holds that the company is liable to pay the balance sum of Rs. 6,53,097.77p, as claimed by the petitioning creditor in the statutory notice. Since the company has failed to make payment in terms of this statutory notice, it is liable to be wound up. The peti....