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The High Court of Bombay allowed the application seeking reliefs related to issuance of No Dues Certificate and withdrawal of claims by the respondent, subject to conditions including withdrawal of proceedings before Debt Recovery Appellate Tribunal and keeping open the right to proceed against sureties. The respondent was directed to issue the No Dues Certificate within six weeks. The application was disposed of accordingly. (Case citation: 2012 (1) TMI 432 - BOMBAY HIGH COURT)
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