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1986 (7) TMI 291 - BOMBAY HIGH COURTExtract: .......n record unmistakably establishes that petitioner No. 1 was dealing in gold and gold ornaments and had contravened Section 27(1) of the Act as the business was carried on without a valid licence. In view of this finding, the petition must fail. 4. Accordingly, rule is discharged. In the circumstances of the case, there will be no order as to costs.
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