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1938 (3) TMI 15 - HC - Companies LawExtract: ....... as reduced by the learned Sessions Judge is not excessive. The officers however cannot be said to have been knowingly parties to the default in the face of the evidence that they took legal advice and acted accordingly. I set aside the convictions of the accused Nos. 5, 6, 7 and 8 and direct that the fines imposed on them be refunded if collected.
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