2015 (3) TMI 688

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....dvocate JUDGMENT N. Kumar, J. - This appeal is preferred by the respondents before the Company Law Board seeking to set aside the order passed by the Company Law Board . As could be seen from the impugned order the Company Law Board suggested to the parties to settle the matter amicably. In pursuance of which the respondents offered to pay the petitioners Rs. 92/- per share and purchase the ....

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....nsion of the respondents is that once such valuation is given, it would be binding on them and their interest is going to suffer. That apart, their understanding of the order is that the respondents will have to sell the shares at the rate to be determined by the valuer. This apprehension of the respondents is misconceived. When the Company Law Board says it is binding on both the parties then it ....