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1994 (11) TMI 438 - SUPREME COURTExtract: .......as worsened with the further deterioration of the machinery and the spiralling of the liabilities. To grant any indulgence to the Company at this stage will be akin to flogging a dead horse. In the circumstances, we, allow the appeal and set aside the impugned judgment of the High Court. The Corporation will now be free to proceed according to law.
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