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1980 (12) TMI 135 - HC - Companies Law

The High Court of Orissa allowed the application for winding up M/s. Hira Steels and Alloys Ltd. filed by M/s. Industrial Development Corporation of Orissa Ltd. The company failed to repay loans, ceased operations, and did not comply with statutory requirements. The company did not oppose the petition, leading to its winding up without costs. The official liquidator and Registrar of Companies were directed to be informed.

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