https://www.taxtmi.com/caselaws?id=111465 The Court held that the Company Law Board (CLB) erred in not passing a final order based on the valuation report, as it was legally bound to do so under the Companies Act. The majority shareholders were not allowed to object to the valuation report after initially agreeing to it. The Court emphasized the enforceability of CLB's orders under section 634A and directed the CLB to pass orders on the valuation report, setting aside the previous order. en-us Tue, 16 Jan 2007 00:00:00 +0530 Mon, 23 Apr 2012 16:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111465 The Court held that the Company Law Board (CLB) erred in not passing a final order based on the valuation report, as it was legally bound to do so under the Companies Act. The majority shareholders were not allowed to object to the valuation report after initially agreeing to it. The Court emphasized the enforceability of CLB's orders under section 634A and directed the CLB to pass orders on the valuation report, setting aside the previous order. Case-Laws Companies Law Tue, 16 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111465