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2003 (4) TMI 412 - HIGH COURT OF BOMBAYExtract: .......ime for making the payment of the two already defaulted instalments of Rs. 16,82,000 each. If instalments are not paid within one week, the official liquidator shall take possession of the assets and properties of the company. In the meanwhile, the company shall not dispose of any of its assets and properties except in the usual course of business.
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