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1990 (2) TMI 265 - HC - Companies Law

The petitioners filed a petition regarding goods supplied to the company. The company disputed the amount owed, citing issues with purchase orders and returned/damaged materials. The court found in favor of the petitioners, ordering the company to deposit Rs. 3,25,000 within 12 weeks. The petitioners can withdraw Rs. 71,175 and must file a suit for the remaining balance with interest. Failure to deposit the amount will result in the petition being admitted. Company petition disposed of accordingly.

 

 

 

 

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