company possessed capital in
excess of its requirement. Accordingly, a scheme of buyback of securities was
implemented by the Company. The decision to implement ... scheme of
buyback was duly approved by the shareholders of the Company. Pursuant to
the approval from shareholders, the applicant bought back
towards various heads. At this juncture, OP agreed to buyback the said flat from the complainant @ Rs. 2000 per sq. ft. The agreement ... With the aforesaid factual matrix, the controversy arises as to whether the buyback agreement dt. 27.06.2009 is the agreement binding the parties or not. Buyback
demanded
by the petitioner towards buyback of its 24.40% stake in
the said respondent Company pursuant to the MOU dated
02.05.2013. The buyback can only ... already paid by the respondent Company
to the petitioners towards the said Buyback, but the said
amount cannot be treated to be given against
Commissioner Of Income Tax vs M/S. Abhinandan Investment Ltd. on 20 March, 2015
Author
vide letter dated 24.01.2007, Annexure C-6, the Opposite Parties had offered buyback offer @Rs.7.50 lacs, to the complainant, intimation whereof was required ... amount of Rs.7.5 lacs, alongwith interest, from the date, the buyback option was exercised; pay amount of compensation for delay in construction
stated that, later on, the complainants opted for buyback option, as per the terms and conditions of the buyback Agreement executed between the parties ... further stated that, as such, the amount of buyback option was honoured by the Opposite Parties, by way of issuing cheques, but the same were
involved in
capital market activities, including lead managing IPOs, Rights Offers,
Buybacks and Takeovers. Also, Keynote considers its activities to be a
Merchant Banker
HCHP
3
and finally these were disposed of through buyback offer to the
petitioner.
.
5. Insofar as placing the order with respondent
respondent no.1 vide his letter dated 15.06.1999, to buy under buyback policy was refused by the petitioners and on his request he was allotted ... Petitioners sent a format of the claim certificate etc. with offer of buyback @ Rs.500/- per sq. yard but respondent no.1 rejected the same
salvage amount,
Rs.2,60,500/- as machinery buyback amount and made the net claim
of Rs.2,35,16,687/-.
7. On 16th November
