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2004 (12) TMI 723 - Board - Companies LawExtract: .......it for restraining RICCO from recovering its dues from Gaud Cement cannot be considered to be conducting the business of the company in a fraudulent manner to attract the provisions of Section 542 of the Act. Therefore, the said application of the respondents is dismissed. 11. The petition is disposed of in the above terms with no order as to cost.
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