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1941 (12) TMI 18 - HC - Companies LawExtract: .......nds enough in his hands It seems to me desirable that rule 91 as framed should be amended on the lines of Section 65 of the English Bankruptcy Act or Section 72 of the Presidency Towns Insolvency Act, as it would be in consonance with the provisions of the Indian Companies Act and the principle laid down in the cases which I have referred to above.
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