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1958 (5) TMI 35 - HC - Companies LawExtract: .......ry use. I have, therefore, no hesitation in holding that the plant and machinery of the company is not moveable property. In the result the official liquidator is entitled to the declaration prayed for. It is hereby declared that the holders of the third series of debentures are not secured creditors of the company but are only unsecured creditors.
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