2010 (3) TMI 1254

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....nt : Mr. Utpal Bose, Advocate For the Respondent : Mr. Debangsu Basak, Advocate The Court : The applications and the proposed appeals are in connection with a common order passed by the Company Law Board, Principal Bench, New Delhi in independent proceedings filed by the aspiring appellants under Section 235 of the Companies Act and under Sections 397 and 398 of the Companies Act. The Com....

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....ny Law Board are agreed that the shares of and in the company may be valued. It appears that the controlling shareholders are not disinclined to buy out the petitioners in the Company Law Board proceedings but they complain of the price that has been fixed by the Company Law Board and suggest that such price had been arrived at without any basis and relying only on the submission made by the petit....