https://www.taxtmi.com/caselaws?id=233661 The High Court set aside the Company Law Board's order directing payment of Rs. 706.73 per share and restoration of possession of company assets. The matter was remanded to appoint a Local Commissioner for asset possession verification, share valuation by an accredited valuer, and subsequent payment directions. The Court ordered equal sharing of Local Commissioner fees, submission of valuation report within three months, and issuance of further payment and possession directives. Respondents 2 to 4 were directed to pay Rs. 10,000 as costs to the Appellants within four weeks. en-us Tue, 05 Mar 2013 00:00:00 +0530 Fri, 10 May 2013 13:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233661 The High Court set aside the Company Law Board's order directing payment of Rs. 706.73 per share and restoration of possession of company assets. The matter was remanded to appoint a Local Commissioner for asset possession verification, share valuation by an accredited valuer, and subsequent payment directions. The Court ordered equal sharing of Local Commissioner fees, submission of valuation report within three months, and issuance of further payment and possession directives. Respondents 2 to 4 were directed to pay Rs. 10,000 as costs to the Appellants within four weeks. Case-Laws Companies Law Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233661