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    <title>2007 (12) TMI 287 - HIGH COURT OF BOMBAY</title>
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    <description>A later restructuring agreement, scheme of arrangement and deed of covenant limited the transfer to 14.95% of the shareholding and stated that they comprised the entire agreement, so the earlier understanding was prima facie superseded by novation. On the interlocutory record, the plaintiffs did not establish a separate binding obligation to sell the remaining 0.78% at the claimed price, and the plea for interim specific performance-type relief therefore failed. The court left limitation open for trial. It also noted, for prima facie purposes under section 10 of the Specific Relief Act, 1963, that the publicly traded nature of the shares meant monetary compensation could not be ruled out, so specific performance was not shown to be clearly unavailable on that ground.</description>
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    <pubDate>Fri, 14 Dec 2007 00:00:00 +0530</pubDate>
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      <title>2007 (12) TMI 287 - HIGH COURT OF BOMBAY</title>
      <link>https://www.taxtmi.com/caselaws?id=112036</link>
      <description>A later restructuring agreement, scheme of arrangement and deed of covenant limited the transfer to 14.95% of the shareholding and stated that they comprised the entire agreement, so the earlier understanding was prima facie superseded by novation. On the interlocutory record, the plaintiffs did not establish a separate binding obligation to sell the remaining 0.78% at the claimed price, and the plea for interim specific performance-type relief therefore failed. The court left limitation open for trial. It also noted, for prima facie purposes under section 10 of the Specific Relief Act, 1963, that the publicly traded nature of the shares meant monetary compensation could not be ruled out, so specific performance was not shown to be clearly unavailable on that ground.</description>
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      <pubDate>Fri, 14 Dec 2007 00:00:00 +0530</pubDate>
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