https://www.taxtmi.com/caselaws?id=102000 The court directed the State Bank of India to reconsider accepting proposals for a company start-up and collateral securities, emphasizing fair valuation and adherence to guidelines. Both parties were instructed to have the securities valued by an approved valuer, with the bank required to provide reasons if deeming them inadequate. The decision aimed to facilitate the revival of the company while safeguarding the bank's interests, promoting resolution through a balanced approach of valuation and review within a specified timeframe. en-us Fri, 26 Oct 1990 00:00:00 +0530 Mon, 13 Feb 2012 13:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102000 The court directed the State Bank of India to reconsider accepting proposals for a company start-up and collateral securities, emphasizing fair valuation and adherence to guidelines. Both parties were instructed to have the securities valued by an approved valuer, with the bank required to provide reasons if deeming them inadequate. The decision aimed to facilitate the revival of the company while safeguarding the bank's interests, promoting resolution through a balanced approach of valuation and review within a specified timeframe. Case-Laws Companies Law Fri, 26 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102000