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1984 (7) TMI 405 - HC - Companies LawExtract: .......he first respondent in - rejecting the transfer application filed by the petitioner is well justified on the merits. Reliance placed on Article 39 of the articles of association is misplaced. In this view of the matter also, the company petition deserves to be dismissed. 18. For the reasons stated above, C. P. No. 4 of 1983 is dismissed with costs.
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