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2001 (7) TMI 1184 - HIGH COURT OF ALLAHABADExtract: ....... the Court is left with no option but to cancel the acceptance of the tender for failure to deposit the amount offered for sale, and to forfeit the earnest money of Rs. 7,50,000 deposited by Sri Prem Mohan Singh. Let the Official Liquidator submit his report, and draft for re-advertisement of the properties of the company for sale within two weeks.
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