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(6) All the industrial and other licences held by the vendor relating to the cement division;

(7) Trade mark and brand name owned by the Vendor;

(8) The good-will and other intangible assets;

(9) The benefits and obligations of current and pending contracts subject to the purchaser's option to be exercised by a specified date.

5. It was agreed that all the employees would be taken into service by the purchaser from the transfer date. The consideration for sale and transfer is Rs. 105.30 crores excluding the sum equivalent to the value of the net current assets as determined in the manner set forth. The said consideration was payable in certain stages. R.5.27 crores is the advance amount paid at the time of execution of the Agreement. Balance amount of Rs.100.03 crores as reduced by the amount of secured loans outstanding as on the transfer date was payable by the specified date. It is the case of the petitioner that a total sum of Rs.35 crores was received after deducting the amount due towards secured loans and no break-up price or value was fixed for the individual items, or for various items of movable properties. However, a deed of sale and transfer was executed on 29-11-1990 in respect of the immovable properties viz., lands and buildings and the consideration mentioned in the said deed is a sum of Rs.27.07 crores. The said sale-deed was got registered as it was necessary to convey the title.