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2011 (3) TMI 1796 - AT - SEBIExtract: ......., we have already noticed above that it entitles a pledgee to invoke the pledge in case of default which is what the banks did. We see no conflict in the provisions of the statutes referred to by the learned senior counsel. For the reasons recorded above, we find no merit in these appeals and the same stand dismissed. There is no order as to costs.
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