https://www.taxtmi.com/caselaws?id=789312 A belated attempt to exercise a first option to purchase shares at a prior valuation was rejected where the party had not acted when the opportunity was available and later sought to reopen a valuation process that had already crystallised the parties' rights. The challenge to the fair valuation was treated as inconsistent with the later acceptance of a higher valuation, amounting to waiver of the earlier option. In a closely held company dispute, the tribunal's approach was upheld because the outgoing group was required to be fairly compensated through an objective valuation process, and the sale already made in favour of the respondents could not be displaced. en-us Thu, 26 Feb 2026 00:00:00 +0530 Sat, 04 Apr 2026 11:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789312 A belated attempt to exercise a first option to purchase shares at a prior valuation was rejected where the party had not acted when the opportunity was available and later sought to reopen a valuation process that had already crystallised the parties' rights. The challenge to the fair valuation was treated as inconsistent with the later acceptance of a higher valuation, amounting to waiver of the earlier option. In a closely held company dispute, the tribunal's approach was upheld because the outgoing group was required to be fairly compensated through an objective valuation process, and the sale already made in favour of the respondents could not be displaced. Case-Laws Companies Law Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789312