https://www.taxtmi.com/caselaws?id=257689 In proceedings under Sections 397 and 398 of the Companies Act, 1956, a modified appellate decree was understood to require the majority group to purchase the minority group's shares on the same terms and conditions, without leaving any further option to the minority side. The pleadings, memorandum of appeal and affidavits were treated as confirming that common understanding. The executing court was held unable to go behind a valid decree, and the valuation process could not be reopened in execution because it had not been separately challenged and was not shown to be a nullity. The decree was therefore executable against the majority group for purchase of the minority shares. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 19 Mar 2015 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257689 In proceedings under Sections 397 and 398 of the Companies Act, 1956, a modified appellate decree was understood to require the majority group to purchase the minority group's shares on the same terms and conditions, without leaving any further option to the minority side. The pleadings, memorandum of appeal and affidavits were treated as confirming that common understanding. The executing court was held unable to go behind a valid decree, and the valuation process could not be reopened in execution because it had not been separately challenged and was not shown to be a nullity. The decree was therefore executable against the majority group for purchase of the minority shares. Case-Laws Companies Law Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257689