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2000 (12) TMI 319 - CEGAT, NEW DELHIExtract: ....... the principal noticee goes under Kar Vivad Samadhan Scheme. In the present appeals, respondents were only Directors of the Company and Company (principal noticee) availed itself of Kar Vivad Samadhan Scheme. Therefore, the proceedings against Directors for imposition of the penalty have been correctly dropped. The appeals are accordingly rejected.
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