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    <description>The High Court set aside the order canceling the registration of a trading company, emphasizing the importance of granting the petitioner a fair opportunity to be heard before such drastic actions. The Court directed the Assistant Commissioner to allow the petitioner a hearing and decide the matter afresh within a specified timeframe, highlighting the principles of natural justice and procedural fairness in administrative actions. The judgment underscores the significance of due process and the right to be heard in safeguarding legal rights and interests.</description>
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