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1985 (3) TMI 218 - HC - Companies LawExtract: .......o be an officer in default . In the circumstances, the petitioner would be entitled to relief as against the penal action contemplated. In the result, there will be an order in terms of prayer (a ) of the petition save and except that the words all liabilities will be substituted by the words criminal liability . There will be no order as to costs.
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