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2015 (10) TMI 492 - SC - Companies LawValuation of Shares as per the Valuation report made under Section 433, 434 and 439 of the Companies Act - Appellant raised objections to the report to which reply was filed by the respondent - Court ordered that shares of the company be valued by an approved auditor – Order of the Court modified directing the Appellant to purchase the shares of the Respondent – Respondent was allowed to make publications in case of default and time for payment of dues was fixed - Held That:- Court found variation in the Value of shares in the stand of the company without any reason and hence it directed the company to purchase the shares as per Valuation Report - Court directed the appellant to bear 50% of the cost paid to the valuer - Contention raised by the appellant before the Division Bench has been reiterated - There is no infirmity factual or legal in the order of the Division Bench to warrant interference – Decided in favour of the Respondent.
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