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2006 (5) TMI 540 - COMPANY LAW BOARD, NEW DELHIExtract: .......ompany. On the facts of the case, the MD and the directors of the company cannot be held to be unfit and improper persons to hold the office of MD/Directors or any other connected with the conduct and management of the company. 10. In view of the aforesaid, this reference is hereby dismissed. I do not, however, propose to make any order as to cost.
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