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2001 (4) TMI 832 - SUPREME COURTChallenging the action of the Respondent No. 1 declaring the appellants as defaulters by its resolution/notice dated 25-3-1987 and to re-admit them as member - Held that:- Appeal dismissed.The High Court having referred to the relevant bye-laws and rules noticed that after the appellants were declared as defaulters, their membership vested in the Respondent No. 1 and the respondent No. 1 had every right to sell the same. The High Court also noticed that the appellants did not make application for re-admission within the time and that in the meanwhile the rights were created in the third party. In these circumstances, the High Court has dismissed the writ petition on the ground of delay and laches and we find justification for such dismissal of the writ petition on the ground of delay and laches in the light of facts stated above. Hence, we do not think it necessary to go into the merits of other contentions raised, that too at this length of time.
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