Bombay High Court Upholds Market Value Determination for Share Valuation in Oppression Case — Director's Rights Cease Upon Valuation. The court held that the market value determined by the Company Law Board for shares held by a minority shareholder was just and proper, and that the shareholder ceases to be a director upon valuation, not upon payment.
16 Jun 2005The case involves two appeals filed against an order of the Company Law Board (CLB) dated 5.5.2003 in Company Petition No. 12 of 1998. The appellant, ...




