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2007 (3) TMI 247 - HIGH COURT MADHYA PRADESHTribunal has rejected the prayer for waiver without taking into account the fact that the petitioner company is a sick company under the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 and the proceedings are pending before the Board of Industrial & Financial Reconstruction (BIFR) – in view of precedents on the issue, impugned order could not be sustained and it deserves to be set-aside and is hereby set-aside. Accordingly, this writ petition is allowed
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