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2013 (1) TMI 1034 - HC - Companies Law
The High Court of Allahabad ordered the petitioner to deposit Rs. 4.5 Crores before 7.2.2013 to avoid coercive action. Quarterly deposits of the same amount were required, with recovery proceedings stayed upon compliance. Counter and rejoinder affidavits were to be filed within specified timeframes for further proceedings. The case was linked with another writ petition for similar issues.
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