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2011 (9) TMI 1148 - BOMBAY HIGH COURTExtract: ....... of an equitable set off. However, that by itself does not mean that the official liquidator can ignore the Companies (Court) Rules, 1959 and proceed on purely equitable considerations. Therefore, the set off cannot be as claimed by M/s.Metropolitan. 22 In the light of the above discussion, the report is made absolute in terms of prayer clause (a).
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