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    <title>2010 (12) TMI 1361 - Karnataka High Court</title>
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    <description>The application filed by the Official Liquidator under section 454 of the Companies Act was dismissed by the court. The respondents, as Directors, were discharged from allegations of failing to file the statement of affairs. The court found no evidence of negligence or intentional wrongdoing, considering the fire accident that impacted the company.</description>
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