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2004 (8) TMI 418 - HC - Companies LawExtract: .......lt of legal proceeding. Even if the SLP is pending that would not render the character of the counter-claim as frivolous. On the contrary till the award is set aside, the amount is payable in the said award by the petitioner to the respondent. This petition is, therefore, misconceived and is dismissed. However, there shall be no orders as to costs.
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