https://www.taxtmi.com/caselaws?id=213369 The High Court of Bombay approved the reduction of equity share capital proposed by Wartsila India Limited, finding the valuation and process fair, reasonable, and compliant with legal requirements. The court emphasized the subjective nature of valuation and upheld the commercial judgment of the majority shareholders. The company's petition was allowed as per the specified prayer clauses, extinguishing non-promoter shareholders' equity shares and reducing the paid-up capital. en-us Mon, 15 Nov 2010 00:00:00 +0530 Mon, 04 Feb 2013 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213369 The High Court of Bombay approved the reduction of equity share capital proposed by Wartsila India Limited, finding the valuation and process fair, reasonable, and compliant with legal requirements. The court emphasized the subjective nature of valuation and upheld the commercial judgment of the majority shareholders. The company's petition was allowed as per the specified prayer clauses, extinguishing non-promoter shareholders' equity shares and reducing the paid-up capital. Case-Laws Companies Law Mon, 15 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213369