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2015 (3) TMI 688 - HC - Companies LawValuation of shares - Valuation by independent valuer - Binding nature of valuation - Held that:- This apprehension of the respondents is misconceived. When the Company Law Board says it is binding on both the parties then it is binding on them, if they do not challenge the said finding. If they are aggrieved, they are at liberty to challenge it. Nowhere in the order it is said that the respondents have to purchase or sell at the rate to be fixed by the valuer. The Court has made it clear that it will proceed with the matter if the valuation made by the valuer is agreeable by both the parties. -Appeal dismissed.
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