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(Chancery Division, Richard Snowdon QC, 18 April 2012)
Where a debtor company had failed to set out the basis on which it contended that an alleged debt was disputed prior to the presentation of a winding-up petition despite having been given every reasonable opportunity to do so and belatedly produced documents which could, if authentic, support its case, amounted to exceptional circumstances to justify departure from the general rule that a petitioner whose petition failed on the basis that the debt was genuinely disputed on substantial grounds should pay the costs of that failure.
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