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2011 (7) TMI 1303 - GUJARAT HIGH COURTExtract: ....... when necessary. (e) The petitioner/transferee company(as stipulated, declared and undertaken by it) shall take out proceedings for the sanction of the scheme, which shall be duly intimated to the shareholders and the creditors and shall be duly advertised. 10. With the aforesaid clarifications and directions, the application is hereby disposed of.
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