Appellants Must Pay Share Value with 12% Interest; Dividend Does Not Offset Interest Under Section 144 CPC

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....The NCLAT upheld the impugned order directing appellants to pay respondents the total value of their shares at Rs.225 per share with 12% interest, dismissing the appeal. The tribunal rejected appellants' argument that dividend receipt precluded interest entitlement, affirming dividends are statutory rights and do not negate interest payable as per the final and binding NCLT order dated 24.06.2013. Respondents' challenge to valuation was held lawful, with no basis to disturb the NCLT's reasoned findings or permit further crystallization post the second valuation report. The tribunal emphasized the equitable principle that a profit-making company utilizing shareholder funds must refund the amount with interest. The decision reinforces that eq.........