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1995 (4) TMI 239 - HIGH COURT OF MADRASExtract: .......ion without waiting for reports from the official Liquidator. The practice is not in violation of the statute. Hence, we reject this contention of the appellant. 34. In the result, all the arguments of the appellant fail and the appeal suffers a dismissal. The appellants shall pay the costs of the respondent in this appeal. Counsel s fee Rs. 5,000.
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