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1993 (10) TMI 269 - HC - Companies LawExtract: .......e substance and force and have to be sustained. Both the applicants are secured creditors of both the companies with heavy dues as mentioned above and they apprehend, and justifiably, that merger would jeopardise their claims. This court accepts the said contentions. In the circumstances, the petition stands rejected. However, no order as to costs.
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