reduce the value of the
shares from Rs.10 per share to Re.1 per share and direct the
transfer of the shares ... reducing the value of the share and the direction
to transfer the shares at the reduced value of Re.1 per
share. BIFR has closely
must be adequately compensated to
the extent of reduced interest and for shares in the transferee bank,
if they so desire ... DBIL, hence,
market value of assets was never considered by the RBI before
writing down the share value to zero, instead, DBIL was asked
Dabur Invest Corp, New Delhi vs Jcit, Range-46, New Delhi on 11 February, 2021
onwards was zero.”
35. By reckoning the market value of the Company's shares as zero, as
on the date of breach, the Arbitral ... representing reasonable
compensation, by accepting evidence that the market value of the shares was
zero on the date of breach. Especially in that factual context
loss, the value of the share will also get decreased. Hence the contention of the petitioner that without reducing the share capital, value ... shares could be determined only at the intrinsic value of the shares and the Board reached the firm conclusion that each share at zero value
Dabur Invest Corp, New Delhi vs Prcit-16, New Delhi on 11 March, 2019
1
shown market value of shares to Trent Ltd. at Rs. 500
per share whereas on 7/10/2010 the market value ... appellant submitted that as these were the bonus shares, their
value was 'Zero' and they did not appear in the trial balance. According
shown market value of shares to Trent Ltd. at Rs. 500
per share whereas on 7/10/2010 the market value ... appellant submitted that as these were the bonus shares, their
value was 'Zero' and they did not appear in the trial balance. According
accumulated losses were 9.31 crores rendering the value of the share as "zero". That the establishment costs were being paid from recoveries thereby
goodwill of Rs. 10 crores which would have increased the value of shares of KPPL. The increase had been got rid of by an ingenious ... value of the share was to be computed at half of the break up value of value based on yield which was zero since yield
