https://www.taxtmi.com/caselaws?id=111272 The Supreme Court dismissed the appeals, upholding the Board's approval of the valuation report by M/s. Patni and Company for the target company's shares. The Court found the valuation compliant with Regulation 20(5) of the Takeover Code and in the best interest of shareholders. It emphasized limited judicial interference in technical valuation matters, noting the valuer's consideration of all relevant factors and adherence to accepted principles. The Board's discretion in appointing the valuer was deemed reasonable, and the Court concluded no fundamental errors or arbitrariness in the valuation process. en-us Wed, 16 May 2007 00:00:00 +0530 Thu, 07 Dec 2017 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111272 The Supreme Court dismissed the appeals, upholding the Board's approval of the valuation report by M/s. Patni and Company for the target company's shares. The Court found the valuation compliant with Regulation 20(5) of the Takeover Code and in the best interest of shareholders. It emphasized limited judicial interference in technical valuation matters, noting the valuer's consideration of all relevant factors and adherence to accepted principles. The Board's discretion in appointing the valuer was deemed reasonable, and the Court concluded no fundamental errors or arbitrariness in the valuation process. Case-Laws Companies Law Wed, 16 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111272