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The appellant claimed to be a creditor of the respondent based on a loan advanced in 1958. The acknowledgment of the loan in balance-sheets from 1967 to 1968 was disputed. The directors' report stated certain liabilities were barred by limitation. The winding-up petition was filed in 1972. The court dismissed the appeal due to a bona fide dispute on limitation, allowing the appellant to pursue other remedies.
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