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Court Dismisses Shareholder's Winding Up Petition; Motives Questioned as Intent to Liquidate for Share Sale Suspected.

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Full Text of the Document

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....Winding up petition - petitioner (minor shareholder) contended that the respondent company is unable to fulfil the objects for which it was incorporated - the bonafide of the petitioner is in doubt - he seems to be only interested in liquidating the company so that he liquidate his shares - petition dismissed.....

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