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1998 (3) TMI 535 - HC - Companies LawExtract: .......idered all the facts and circumstances as narrated above. I am of the considered opinion that the submissions made by Mr. Thakkar to the effect that the scheme is not bona fide deserve to be accepted. In view of the above I am unable to approve the scheme. The Company petition as well as the company application are, therefore, dismissed with costs.
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