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1961 (4) TMI 46 - HIGH COURT OF MADRASExtract: .......that the terms of the tripartite agreement by themselves could not confer any right on them, either as debenture holders or as charge holders. In the result, we allow the appeal and dismiss the first respondent s application. There would be no order as to costs, but the liquidators will be entitled to take their costs from the funds in their hands.
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