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1961 (9) TMI 25 - HC - Companies LawExtract: .......case the company s directors would not have been anxious to meet their liabilities to the customs authorities. In my opinion, therefore, this transaction ought to be validated. In the premises, I make an order in terms of clause (a ) of the summons. But I make no order as to costs except that the liquidator shall retain his costs out of the assets.
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