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Petition for Winding Up Company Denied; Case Transferred to NCLT Amid Insolvency Proceedings and Lack of Orders.

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....Seeking winding up of the respondent company - inability to pay debts - disobedience of the orders of the Court - The court found the winding-up proceedings to be premature and transferred them to the NCLT due to the existence of parallel insolvency proceedings and the absence of substantive orders.....

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