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2009 (1) TMI 487 - HIGH COURT OF PUNJAB AND HARYANAExtract: ....... decision of the Full Bench and bound by the decision of the Division Bench of this Court in Company Appeal No. 1 of 2006 and therefore, Union of India will not be entitled to seek for any payment out of sale proceeds on priority. The claim of the Government be considered at appropriate time along with others under section 530 of the Companies Act.
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