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1963 (10) TMI 49 - HC - Indian LawsExtract: .......s under Section 543 are concerned, we respectfully agree with the view taken in 1958-2 Mad LJ 167. On this ground, we are of opinion that the suit was competent. The liquidator could not have proceeded against the defendants, who are the heirs of a deceased director under Section 543. 13. In the result, the appeal fails and is dismissed with costs.
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