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1978 (9) TMI 131 - SUPREME COURTOrder under section 18AA of the Industries (Development and Regulation) Act, 1951 challenged - Held that:- Appeal allowed. By virtue of that appointment, the entire company comes under the control of the authorised person appointed under that provision, it is not for us to explore here the effect and import of the order of the Central Government under section 18AA and we desist from doing so. All that we need do and that we can do in the present appeal is to allow it so that the Company Law Board's direction in regard to seven additional directors will come into full force until the final decision of the High Court. We may make it clear that the learned Additional Solicitor-General did assure the court that nothing which will stultify the two writ petitions before the High Court will be done by the Company Law Board or the Central Government. We hope the High Court will dispose of the case very expeditiously.
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