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2007 (1) TMI 265 - HIGH COURT OF ANDHRA PRADESHExtract: .......e statement of the creditors list filed by the ex-directors. 22. Under the above circumstances, the applicant is not entitled to any relief, since the sale effected in its favour is clearly one of fraudulent action on the part of the company, and the same is void under the provisions of the Act. 23. The company application is, therefore, dismissed.
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