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1999 (12) TMI 785 - HIGH COURT OF ANDHRA PRADESHExtract: .......to the 3rd respondent. Thus, it appears that incorrect statement of affairs has been filed by the 2nd respondent. The petitioner liquidator would be at liberty to recover the unsold properties from the 2nd respondent and other directors on its current market value. 19. In the result, the application fails and is hereby dismissed. Costs as incurred.
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