https://www.taxtmi.com/caselaws?id=294867 The National Company Law Tribunal, Chennai, addressed allegations of inadequate consideration in the sale of landed property by the Respondents. A Committee was formed with representatives from both sides and an Observer to determine Enhanced Recovery Price (ERP) rates based on market values. The judgment emphasized the importance of submitting detailed sales reports regularly to facilitate informed decision-making by the Committee. In cases of disagreements, the Observer would intervene for resolution. Interim relief was granted to the Petitioners, with final submissions pending on maintainability. The Observer's remuneration was to be determined based on mutual agreement. en-us Tue, 16 Apr 2019 00:00:00 +0530 Fri, 07 May 2021 08:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294867 The National Company Law Tribunal, Chennai, addressed allegations of inadequate consideration in the sale of landed property by the Respondents. A Committee was formed with representatives from both sides and an Observer to determine Enhanced Recovery Price (ERP) rates based on market values. The judgment emphasized the importance of submitting detailed sales reports regularly to facilitate informed decision-making by the Committee. In cases of disagreements, the Observer would intervene for resolution. Interim relief was granted to the Petitioners, with final submissions pending on maintainability. The Observer's remuneration was to be determined based on mutual agreement. Case-Laws Companies Law Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294867