https://www.taxtmi.com/caselaws?id=196482 The Company Law Board (CLB) found in favor of the petitioner in a case under sections 397/398 of the Companies Act, 1956. The CLB directed the second respondent to purchase the petitioner's shares at either the investment amount with interest or the fair value based on the balance sheet as of 31st March, 2000. The petitioner was granted the choice between these two options, and the petition was disposed of, leaving room for determining the petitioner's preferred option and potentially appointing an independent valuer. en-us Fri, 05 Jul 2002 00:00:00 +0530 Sat, 02 Dec 2017 10:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196482 The Company Law Board (CLB) found in favor of the petitioner in a case under sections 397/398 of the Companies Act, 1956. The CLB directed the second respondent to purchase the petitioner's shares at either the investment amount with interest or the fair value based on the balance sheet as of 31st March, 2000. The petitioner was granted the choice between these two options, and the petition was disposed of, leaving room for determining the petitioner's preferred option and potentially appointing an independent valuer. Case-Laws Companies Law Fri, 05 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196482