https://www.taxtmi.com/caselaws?id=379878 The National Company Law Tribunal (NCLT) upheld the valuation report valuing shares at Rs. 10.35 each, rejecting objections raised by the original Petitioners. Interest at 6% per annum was awarded on the share value from April 1, 2007. The NCLT had the authority to modify consent orders for fair outcomes. Procedural fairness and equity were emphasized, directing the Petitioners to sell shares to specific shareholders. The final order directed the sale of shares at the determined price with interest, to be completed within two months, with no costs awarded. en-us Mon, 01 Apr 2019 00:00:00 +0530 Thu, 09 May 2019 06:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379878 The National Company Law Tribunal (NCLT) upheld the valuation report valuing shares at Rs. 10.35 each, rejecting objections raised by the original Petitioners. Interest at 6% per annum was awarded on the share value from April 1, 2007. The NCLT had the authority to modify consent orders for fair outcomes. Procedural fairness and equity were emphasized, directing the Petitioners to sell shares to specific shareholders. The final order directed the sale of shares at the determined price with interest, to be completed within two months, with no costs awarded. Case-Laws Companies Law Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379878