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2003 (11) TMI 104 - HIGH COURT OF JUDICATURE AT ALLAHABADExtract: .......ssioner. In Paragraph 10 of its order the CEGAT has also considered the argument regarding the financial position of the Company. Grant of stay is discretionary, and we cannot interfere unless the order is wholly arbitrary. We find no arbitrariness in the impugned order. 6. This petition is dismissed on the ground of laches, and also on the merits.
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