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1983 (12) TMI 242 - HIGH COURT OF MADRASExtract: .......he allotment was invalid. We are not facing any such contingency. Here, the transaction was void ab initio and there is no scope for bringing in the principle of estoppel at all. For the reasons expressed by us above, we are obliged to concur with the decision of Shanmukham J. and, as a result, this appeal fails and the same is dismissed. No costs.
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