Disputed shareholder buy-out valuation prompts interim stay, while minority board representation directions remain temporarily preserved.

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....Disputed valuation-based shareholder buy-out directions were stayed on an interim basis after the Appellate Tribunal found prima facie concerns that the valuation report relied on earlier reports already challenged. It also regarded a direction permitting share transfer either at the valuer-determined price or a mutually agreed price as controversial because both alternatives could not operate together. Directions to remove a director and appoint the minority shareholder's nominee director were retained, reflecting the shareholder's exclusion from meaningful participation in management; however, their implementation was deferred until the next listing. The impugned order therefore remains stayed except for those limited board-representation directions.....