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1999 (10) TMI 646 - HIGH COURT OF BOMBAYExtract: ....... is clear that the petitioner has already been given an exemption of more than 50 per cent and that too by deposit of securities. Therefore, we do not find anything unreasonable, illegal or arbitrary on the part of the Governing Board in their decisions dated 29-7-1999 and 12-8-1999. 30. The petition is devoid of merits, hence, we dismiss the same.
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