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1988 (4) TMI 318 - HC - Companies LawExtract: .......uld reasonably hold, and the court will normally sanction the disposition, notwithstanding the opposition. In the result, I would allow the petition. I permit the applicant company, Travancore Rayons Ltd., Rayonpuram, Perumbavoor, to create a charge of Rs. 511 lakhs over the movable properties of the company in favour of IDBI, ICIGI, IFCI and IRBI.
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