https://www.taxtmi.com/caselaws?id=113122 The court held that the lack of a determined fair value or mechanism rendered the consent order unenforceable for the sale of shareholding under the Companies Act. It ruled that mere willingness to sell at fair value did not constitute a concluded executable agreement. The court found the consent order void due to the absence of agreement on the fair value determination method. The application under section 634A was dismissed, and the matter was remitted for a decision on the petition under sections 397 and 398 of the Act, emphasizing the need for a clear agreement on fair value for enforceability. en-us Wed, 04 Aug 2010 00:00:00 +0530 Mon, 29 Sep 2014 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113122 The court held that the lack of a determined fair value or mechanism rendered the consent order unenforceable for the sale of shareholding under the Companies Act. It ruled that mere willingness to sell at fair value did not constitute a concluded executable agreement. The court found the consent order void due to the absence of agreement on the fair value determination method. The application under section 634A was dismissed, and the matter was remitted for a decision on the petition under sections 397 and 398 of the Act, emphasizing the need for a clear agreement on fair value for enforceability. Case-Laws Companies Law Wed, 04 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113122