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2009 (2) TMI 868 - COMPANY LAW BOARD, NEW DELHIExtract: .......onstituted 1/10th of membership of the company, I dismiss this petition as not maintainable in terms of section 399 of the Act. 7. In view of the dismissal of the petition, CA 364 has become infructuous. I make it abundantly clear that this dismissal is not a bar in the respondents from negotiating for purchase of the shares held by the petitioner.
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