https://www.taxtmi.com/caselaws?id=287889 The High Court of Calcutta upheld the Company Law Board's order directing the sale of shares at a fixed price of Rs. 500 per share to resolve internal conflicts among the parties involved. Controlling shareholders were also given the option to sell their shares at the same price. Independent appeals were filed challenging the fixed price, leading to the appointment of an auditor to value the company shares. The court set a deadline for the valuation report submission and allocated expenses between the parties involved, with the petitioners bearing one-third of the costs. en-us Fri, 12 Mar 2010 00:00:00 +0530 Thu, 07 May 2020 17:37:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287889 The High Court of Calcutta upheld the Company Law Board's order directing the sale of shares at a fixed price of Rs. 500 per share to resolve internal conflicts among the parties involved. Controlling shareholders were also given the option to sell their shares at the same price. Independent appeals were filed challenging the fixed price, leading to the appointment of an auditor to value the company shares. The court set a deadline for the valuation report submission and allocated expenses between the parties involved, with the petitioners bearing one-third of the costs. Case-Laws Companies Law Fri, 12 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287889