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2002 (2) TMI 1240 - HIGH COURT OF ALLAHABADExtract: .......ected to deposit the sale consideration after deducting the sale expenditure, with the official liquidator. In case the assets have not being sold, the official liquidator shall intimate IFCI and shall take charge of the assets of the company and proceed in accordance with the provisions of the Companies Act, 1956 and Companies (Court) Rules, 1959.
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