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2011 (3) TMI 1741 - SECURITIES APPELLATE TRIBUNAL, MUMBAIExtract: .......ations made in paragraph 6 do not lead us to conclude that regulation 4 had been violated. 4. The observations made by the Supreme Court in Canara Bank's case (supra) apply with full force to the case of both the Appellants herein. In the result, the appeal is allowed and the impugned order set aside leaving the parties to bear their own costs.
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