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1994 (5) TMI 197 - HC - Companies LawExtract: .......he conclusion that the managing director, Mr. Roop Singh Singhal, was competent to sell the land of the company, I allow this application and declare that the land in question has been validly sold to the petitioners and was not the asset of the company at the time of the presentation of the winding up petition. The application is thus disposed of.
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