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2009 (2) TMI 910 - SCH - Central ExciseExtract: .......on Bench of this Court in the case of Union of India Vs. Sicom Ltd. & Anr., reported in 2009 (1) SCALE 10, we find that under the provisions of the said 2002 Act, the appellants did not have any statutory first charge over the property secured by the respondent Bank. In the circumstances, the Civil Appeal is dismissed with no order as to costs.
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