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1977 (4) TMI 180 - SC - Indian LawsExtract: .......ation along with the assets of the insurers under Section 7 of the Act, and the corporation in seeking to recover the mortgage does cannot ignore the litigations of the insurers in respect of the transactions. In our opinion the view taken by the High Court was therefore correct. 5. The appeals are accordingly dismissed with costs. One hearing fee.
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