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2012 (11) TMI 1296 - HC - Indian LawsExtract: .......the fact that the debt is fully secured, I direct that the recovery proceedings initiated against the petitioners be kept in abeyance for two months from today. It is clarified that in the event, the liability is not settled within the time allowed, the respondents will be free to continue the recovery action. Writ petition is disposed of as above.
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