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2007 (1) TMI 261 - HC - Companies LawExtract: .......sell the shares to the respondents on payment of consideration. 55. In the light of the law laid down by the Supreme Court governing the scheme of sections 397 and 398 of the Companies Act, I do not find any justification in reversing the order of the Company Law Board. Consequently, the appeal fails and the same is dismissed. No order as to costs.
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