1997 (9) TMI 456

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..... oner. JUDGMENT Heard counsel for the parties. The facts are that the petitioner was one of the directors in Allahabad Electronics (P.) Ltd.-a company incorporated under the Companies Act, 1956, engaged in the manufacture and sale of power and distribution of transformers. For the recovery of the dues outstanding against the company, the respondents proceeded against the personal assets of the .....

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