https://www.taxtmi.com/caselaws?id=291824 The Court upheld the Company Law Board's order directing the transfer of preference shares from Respondent No.2 to Respondent No.1, rejecting the argument that the shares were redeemed or converted into corporate debt. The Court dismissed claims of contraventions of laws and guidelines in the transfer process and rejected the argument that the transferred shares were undervalued, emphasizing that the share value is a matter between the parties involved. The company's appeal was dismissed, and no costs were awarded. en-us Fri, 23 Dec 2016 00:00:00 +0530 Wed, 25 Nov 2020 15:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291824 The Court upheld the Company Law Board's order directing the transfer of preference shares from Respondent No.2 to Respondent No.1, rejecting the argument that the shares were redeemed or converted into corporate debt. The Court dismissed claims of contraventions of laws and guidelines in the transfer process and rejected the argument that the transferred shares were undervalued, emphasizing that the share value is a matter between the parties involved. The company's appeal was dismissed, and no costs were awarded. Case-Laws Companies Law Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291824