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1991 (8) TMI 340 - COMPANY LAW BOARD WESTERN REGION BENCH, MUMBAIExtract: .......i Bank is unjustified and, therefore, this appeal is allowed in accordance with the provisions of Section 111(5) of the Companies Act and we hereby direct that the respondent-Sangli Bank shall register the transfer in respect (if the 50 shares comprised in this appeal within ten days of the receipt of this order. There will be no order as to costs.
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