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1998 (2) TMI 373 - CEGAT, MADRASExtract: .......e met, if the redemption fine is reduced to Rs. 15,00,000/- (Rupees Fifteen lacs only) and we order accordingly. 10. emsp In the facts and circumstances of the case, the penalty is reduced to Rs. 1.5 lakhs (Rupees One lac Fifty thousand only). 11. emsp The appeal is otherwise dismissed but for the above reduction in the redemption fine and penalty.
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