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2012 (11) TMI 1312 - HC - Indian LawsExtract: .......e must hold, that to the transactions at hand, the 1993 Act does not apply and the suit, in the present case, was not maintainable. Consequently, the impugned decree cannot be sustained. 49. In the result and for the reasons discussed above, this appeal succeeds. The impugned judgment and decree are hereby set aside with cost. Send back the record.
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