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1987 (6) TMI 352 - HIGH COURT OF PUNJAB AND HARYANAExtract: .......applicant or the other secured creditor. Consequently, the official liquidator cannot derive any benefit from the provisions of section 451 of the Companies Act and rule 291 of the Rules. For the aforesaid reasons, I accept the application and direct that the amount of the sale proceeds of the property lying with the court be paid to the applicant.
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