https://www.taxtmi.com/caselaws?id=40360 The High Court dismissed the appeal against the refusal of an interim injunction on the transfer of shareholding and vacated the ad interim injunctions. The valuation of shares was based on the intrinsic worth of the companies, giving more weight to earnings value. The court rejected the inclusion of a control premium and brand value in the valuation, upholding the valuer's methodology. Interest at 9% was ordered to be paid on the share value for 12 months. The settlement directed payment of Rs. 8.24 crores with interest within four weeks, dismissing suits and proceedings without costs. en-us Thu, 30 Oct 2003 00:00:00 +0530 Fri, 20 Jun 2014 20:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40360 The High Court dismissed the appeal against the refusal of an interim injunction on the transfer of shareholding and vacated the ad interim injunctions. The valuation of shares was based on the intrinsic worth of the companies, giving more weight to earnings value. The court rejected the inclusion of a control premium and brand value in the valuation, upholding the valuer's methodology. Interest at 9% was ordered to be paid on the share value for 12 months. The settlement directed payment of Rs. 8.24 crores with interest within four weeks, dismissing suits and proceedings without costs. Case-Laws Companies Law Thu, 30 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40360