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Sandvik Asia Limited vs Bharat Kumar Padamsi on 4 April, 2009

(vii) there was nothing in the Act requiring the reduction to be spread either equally or rateably over all the shareholders of the company. Reliance was placed on Sandvik Asia Limited v. Bharat Kumar Padamsi(2009) 92 SCL 272 where the Division Bench of the Bombay High Court had observed that once it was established that the non- promoter shareholders were being paid fair value of their share, the Court will not be justified in withholding its sanction to the resolution;
Bombay High Court Cites 8 - Cited by 8 - D K Deshmukh - Full Document
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