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1975 (5) TMI 91 - HC - Companies LawExtract: .......ement and does not refer to the context of the statutory provisions. 12. For all these reasons we answer the question by saying that the appellant Munna Lal, who mortgaged his property as surety to the Financial Corporation, could not be proceeded against under Section 31 of the Act. Let the case be now remitted to the Bench concerned for disposal.
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