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2005 (7) TMI 363 - HIGH COURT OF GUJARATExtract: .......g appointed as Directors of the other Company by virtue of the default committed by them in paying the redemption amount with interest to the debenture holders on their due date of redemption. 21. In the above view of the matter and due to the reasons stated hereinabove, the present application is accordingly rejected without any order as to costs.
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