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2005 (7) TMI 372 - HC - Companies LawExtract: .......opinion that a lenient view can be taken, for he has not only substantially complied with the provisions of section 454 of the Companies Act, but is said to have become bankrupt and is being fed by the community. Hence, no punishment either by way of sentence or fine is imposed on respondent No. 5. Accordingly, the application is allowed. No costs.
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