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2001 (5) TMI 907 - HIGH COURT OF ALLAHABADExtract: .......d provision of law, Punjab National Bank is a Government company under section 617 of the Companies Act. The view taken by the courts below that the bank is registered company and, therefore, it is exempted from insolvency proceedings mdash does not suffer from any illegality. 9. The writ petition is, accordingly, dismissed. 10. Petition dismissed.
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