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1987 (5) TMI 145 - CEGAT, NEW DELHIExtract: .......osition of penalty was justified. By the same token, we think the redemption fine also would merit reduction and we reduce it to Rs. 10,000/- only. We, accordingly, set aside the penalty imposed on the appellants and reduce the redemption fine as indicated. Subject only to this modification, the impugned order is upheld and the appeal is dismissed.
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