https://www.taxtmi.com/caselaws?id=97636 Where a liquidator must buy a dissentient shareholder's interest, the price must be fixed on a notional sale basis taking into account assets, liabilities and other market and contractual factors; a valuation limited to a pro rata share of estimated net-asset market value is legally incorrect, and an arbitral award founded on that basis may be remitted for reconsideration under section 16(1) of the Arbitration Act. Separately, appeals against a decree entered from a revised award are not automatically incompetent where valid objections to the revision (including to remittal) were raised; here appeals were competent but dismissed on merits and costs awarded. en-us Wed, 24 Dec 1958 00:00:00 +0530 Tue, 17 Jan 2012 15:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97636 Where a liquidator must buy a dissentient shareholder's interest, the price must be fixed on a notional sale basis taking into account assets, liabilities and other market and contractual factors; a valuation limited to a pro rata share of estimated net-asset market value is legally incorrect, and an arbitral award founded on that basis may be remitted for reconsideration under section 16(1) of the Arbitration Act. Separately, appeals against a decree entered from a revised award are not automatically incompetent where valid objections to the revision (including to remittal) were raised; here appeals were competent but dismissed on merits and costs awarded. Case-Laws Companies Law Wed, 24 Dec 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97636