https://www.taxtmi.com/caselaws?id=787721 Reduction of share capital was examined for procedural infirmity and valuer bias; court applied statutory text, inspection availability, tribunal concurrent findings and the standard that bias must be demonstrably real, and upheld the reduction. On valuation, the court assessed the use of Discount for Lack of Marketability against accounting and valuation standards and prior offers, applying the test of egregious unreasonableness or perversity for judicial interference; finding the valuation rationale plausible and supported by independent confirmations, the court declined to set aside the price. Appeals dismissed; tribunal conclusions affirmed. en-us Tue, 10 Mar 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787721 Reduction of share capital was examined for procedural infirmity and valuer bias; court applied statutory text, inspection availability, tribunal concurrent findings and the standard that bias must be demonstrably real, and upheld the reduction. On valuation, the court assessed the use of Discount for Lack of Marketability against accounting and valuation standards and prior offers, applying the test of egregious unreasonableness or perversity for judicial interference; finding the valuation rationale plausible and supported by independent confirmations, the court declined to set aside the price. Appeals dismissed; tribunal conclusions affirmed. Case-Laws Companies Law Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787721