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1930 (2) TMI 15 - HC - Insolvency and BankruptcyExtract: .......nces that the disposition of the debentures in favour of the Imperial Bank of India, Limited, ought not to be validated under Section 227, Clause (#), of the Indian Companies Act. 86. I would, therefore, allow First Appeal No. 29 of 1928, allow the application of the liquidator, and reverse the order of the lower Court with costs on the respondent.
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