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2004 (7) TMI 353 - HIGH COURT OF DELHIExtract: .......ould be accompanied by a pay order representing at least 10 of the bid amount. If such an offer is produced, the same would be considered. Otherwise, offer of Ceylon Biscuits Ltd. would be accepted and appropriate orders regarding the sale proceeds would be passed in the company petition. 22. With these observations, the application is disposed of.
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