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2007 (5) TMI 343 - HC - Companies LawExtract: .......e borrowers but the directors of the Bank who had regularised these accounts, or sanctioned additional or increased loans cannot be held responsible for damages in the misfeasance proceedings. 18. In the facts and circumstances the Company Petition against respondent-S.P. Mathur, s/o late Shri Gopal Mathur, r/o Rampur Garden, Bareilly is dismissed.
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