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1990 (7) TMI 90 - BOMBAY HIGH COURTExtract: ....... view of the fact that the entire assets of the firm were taken over by the company as a going concern, the shares allotted would encompass all the assets of the company. As the Tribunal said, profits are embedded in the assets transferred. In the circumstances, we are not inclined to allow this application. It is, accordingly, dismissed. No costs.
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