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2007 (1) TMI 255 - HC - Companies LawExtract: ....... Rs. 2,00,000 is set aside. The reframed question is answered in the negative and in favour of the appellant. 18. As the penalty is set aside, the respondents are directed to refund to the appellant the amount of Rs. 2 lakhs deposited by the appellant within 8 weeks from today. The appeal is disposed of in the above terms with no order as to costs.
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