https://www.taxtmi.com/caselaws?id=111928 The Supreme Court held that the petition under Sections 397 and 398 of the Companies Act was maintainable as the petitioners held more than 10% of the share capital. The valuation of shares was determined by the CLB despite objections from the respondents. The parties' consent for settlement was binding, with no inclusion of additional disputes. The Court affirmed Mrs. Nini Srivastava's authority to file the petition on behalf of the Trust. Subsequent developments were to be considered, and the appeals were directed to be resolved within six months, with no costs awarded. en-us Wed, 03 Sep 2008 00:00:00 +0530 Wed, 14 Aug 2013 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111928 The Supreme Court held that the petition under Sections 397 and 398 of the Companies Act was maintainable as the petitioners held more than 10% of the share capital. The valuation of shares was determined by the CLB despite objections from the respondents. The parties' consent for settlement was binding, with no inclusion of additional disputes. The Court affirmed Mrs. Nini Srivastava's authority to file the petition on behalf of the Trust. Subsequent developments were to be considered, and the appeals were directed to be resolved within six months, with no costs awarded. Case-Laws Companies Law Wed, 03 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111928