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1994 (1) TMI 299 - MADRAS HIGH COURTExtract: .......er section 399(3) of the Act. And the company petition has to fail also for the reason that Mr. C. P. Sodhani had no valid authority to present the company petition. 21. In the result, the appeal is allowed and the order of the Company Law Board dated May 14, 1993, is set aside and Company Petition No. 59 of 1992 is dismissed. No order as to costs.
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