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1957 (3) TMI 43 - HIGH COURT OF BOMBAYExtract: ........ I have powers under section 518 of the Companies Act, 1956, to accord such sanction. In this case, the sale appears to me to be beneficial to the company and its members and I accord my sanction to the same. As the parties have entered into an agreement in connection with the question of costs, I do not make any order in connection with the same.
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