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1976 (3) TMI 255 - SUPREME COURTExtract: ....... the auctions. Imposed in pursuance of statutory provisions. This reciprocity of obligations, quite apart from its basis in agreement, had thus acquired an operative force resting on statutory sanction and equity. 14. Consequently, we affirm the view of the Kerala High Court and dismiss this appeal. 15. Parties will bear their own costs throughout.
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