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1999 (10) TMI 746 - COMPANY LAW BOARD, NEW DELHI
Extract:
....... of the outgoing directors once proper personal guarantees are given by the incoming directors. In view of this, we direct that the respondents should take expeditious action to get the personal guarantees given by the petitioner released by the financial institutions. 19. With the above direction, we dispose of this petition. No order as to costs.