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1931 (4) TMI 18 - HC - Companies LawExtract: .......remain in possession of the property and will distribute the assets of the company in accordance with its statutory obligation. I would allow the appeal of the Bank of Bihar with costs which must be paid by the Local Government, and the Collector will hand over the assets to the official liquidator for distribution. Kulwant Sahay, J. mdash I agree.
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