https://www.taxtmi.com/caselaws?id=112512 The court allowed the appeal, setting aside the Company Law Board's order and remitting the matter for valuation of the company's shares by an expert. The shares were to be offered to specific respondents or a third-party joint developer. If no party agreed to purchase the shares, the company would be wound up. The court also directed notice to the third-party joint developer to consider modifying the joint venture agreement terms, with interest on the share value at 7.5% until payment if applicable. en-us Fri, 08 May 2009 00:00:00 +0530 Sun, 09 Nov 2014 21:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112512 The court allowed the appeal, setting aside the Company Law Board's order and remitting the matter for valuation of the company's shares by an expert. The shares were to be offered to specific respondents or a third-party joint developer. If no party agreed to purchase the shares, the company would be wound up. The court also directed notice to the third-party joint developer to consider modifying the joint venture agreement terms, with interest on the share value at 7.5% until payment if applicable. Case-Laws Companies Law Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112512