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1997 (7) TMI 673 - COMPANY LAW BOARDExtract: ....... in moving this petition and as such on account of delay and laches, the petition should be dismissed. Accordingly, without going into the merits of the various contentions raised by the parties in regard to the validity of the cancellation of the shares, we dismiss this petition as time-barred and as such not maintainable. 9. No order as to costs.
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