https://www.taxtmi.com/caselaws?id=110091 The HC rejected the initial valuation report of the shares held by the petitioner due to lack of independence and directed the CLB to appoint a new Chartered Accountant for re-evaluation. The court upheld the petitioner's right to remuneration as a director until share valuation and payment were completed. The respondent-company was ordered to pay arrears with interest, after which the petitioner would transfer shares and resign. Appeals were disposed of without costs. en-us Thu, 16 Jun 2005 00:00:00 +0530 Mon, 13 May 2024 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110091 The HC rejected the initial valuation report of the shares held by the petitioner due to lack of independence and directed the CLB to appoint a new Chartered Accountant for re-evaluation. The court upheld the petitioner's right to remuneration as a director until share valuation and payment were completed. The respondent-company was ordered to pay arrears with interest, after which the petitioner would transfer shares and resign. Appeals were disposed of without costs. Case-Laws Companies Law Thu, 16 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110091