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1. The petitioners, who are the majority shareholders in the company, are and have been for some considerable time in deadlock with the opposing contributories who control the board and therefore the company in its day to day affairs. In separate proceedings, the opposing contributories have made application for relief under s.168A of the Companies Ordinance. For their part, the petitioners seek winding-up of the company on the ground that it is just and equitable to do so.