https://www.taxtmi.com/caselaws?id=287651 The appeal challenging the Company Law Board's order for the fair valuation of shares was dismissed. The court upheld the valuation by M/s. Vipin Aggarwal, emphasizing that the valuer's decision, made with the consent of both parties, is binding unless there is evidence of fraud or collusion. The appellant's arguments regarding principles of natural justice, valuation date, and reliance on third-party reports were not accepted. The court affirmed that parties are bound by the valuer's decision if made honestly and in good faith. Additionally, the respondent agreed to let the appellant retain a Maruti Baleno car, which the court upheld. en-us Mon, 19 Dec 2011 00:00:00 +0530 Sat, 25 Apr 2020 10:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287651 The appeal challenging the Company Law Board's order for the fair valuation of shares was dismissed. The court upheld the valuation by M/s. Vipin Aggarwal, emphasizing that the valuer's decision, made with the consent of both parties, is binding unless there is evidence of fraud or collusion. The appellant's arguments regarding principles of natural justice, valuation date, and reliance on third-party reports were not accepted. The court affirmed that parties are bound by the valuer's decision if made honestly and in good faith. Additionally, the respondent agreed to let the appellant retain a Maruti Baleno car, which the court upheld. Case-Laws Companies Law Mon, 19 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287651