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Companies Law - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Right to retain the money as forfeited - Limitation Act - ...

Companies Law

February 8, 2013

Right to retain the money as forfeited - Limitation Act - Article 24 would apply only if the money was recoverable immediately upon receipt by the defendant, and not on account of any facts which transpire subsequently - In the present case Article 113 is applicable - refund of forfeited money allowed - HC

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