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According to fire officials, they received information regarding the blaze at 1.36 am, following which 25 fire tenders were rushed to the spot.
Four persons — Mohammad Shadab (23), Dhirender (21), Kiran (20) and Riya (24) — were rescued by the fire officials, they said.
The blaze was finally brought under control at around 5.50 am, a senior fire official said.
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There was a nightclub on the third floor of the building and a restaurant on the terrace.