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2002 (8) TMI 575 - HC - Companies Law

The High Court of Allahabad deemed the notice served to a respondent-company as sufficient as they did not appear in court. The respondent-company, Shekharaj Hotel (P.) Ltd., was found liable to be wound up for failing to pay a loan amount of Rs. 23,81,4000. The official liquidator was appointed to take over the assets and prepare a report for the court.

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