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2020 (10) TMI 1309 - NATIONAL COMPANY LAW TRIBUNAL AHMEDABADAppointment of Independent Valuer for determination of fair value of shares - division of shares of group/family members with the Respondent No. 2 to 5 - Section 241-242 of the Companies Act, 2013/Section 397 & 398 of the Companies Act, 1956 - HELD THAT:- Both the parties have agreed to part amicably as such for the betterment of the company. The parties are allowed to buyback their share/asset and release the company in favour of the party who is giving the higher offer. Since the Respondent is not satisfied with the valuation report and the Petitioner is ready to purchase the share of the company at mean value of 2 Independent Valuers of real estate appointed by both the parties which comes to ₹ 1247.27/- per equity share of Respondent 1 company and has further confirmed that he is ready to sell at the mean value and is ready to purchase at 5% above the mean value which comes to ₹ 1309.63 per share. It is found expedient to direct both the parties to quote their offer price independently in a sealed cover before this Tribunal so as the higher offeror be allowed to purchase the share and part with the company amicably - both sides are given 15 days time to submit their offer before this Tribunal and accordingly, the matter is listed on 13.11.2020 for compliance of the direction so passed - application disposed off.
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