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excess of the assets the value of the equity share of the company stood reduced to zero on the date of the institution

2021 & connected matters Page 25 of 53 pledged shares' value would become zero in light of the resolution process, and (iii) if proceedings

reason of the outstanding liability being more than the estimated value of the shares, nor has the corpus become unavailable. I am of the opinion ... shares were not for sale. It is also significant that while claiming that the value of the shares has become less than zero by reason

share value is authorised by law and the experts to their wisdom for revival of the Company can do so. 19. The shares ... company are usually valued at zero since erosion of net worth has already taken place and the net value of the assets of the company

shares of the third respondent-company having registered folio numbers TAL-0000499, etc., at the face value of Rs. 10 each share. The petitioner ... rupee as return, on top of it, the value of the share in the market is zero. It is further stated that

were no fixed assets and no investments. There were zero profits, zero sales and zero dividends. On the basis of the financial health ... PENNY SHARE: The shares in which the assessee has claimed to have made a deal, are identified as Penny Shares by the investigation wing

shares or debentures of the company; or (d) in providing for the premium payable on the redemption of any redeemable preference shares ... zero. When the E.P.S. was zero the company's share with a face value of Rs.10/- was commanding

both the cases were of zero value. The assessee has claimed capital loss in respect of land and shares, without considering the debt linked ... assets were transferred at zero cost. It lakes commercial understanding. 19. Similarly, for the transfer of shares, the book value of shares were

Convertible Redeemable Preference Shares (New Preference Shares) of the Company being zero dividend and non-cumulative in nature at their face value. The Unpaid Debt ... convertible redeemable preference share of the company being zero dividend and non-cumulative in nature at their face value. Further, the unpaid debt shall

market value of the share is zero or Rs.26.72 per share or Rs.20.38 per share the return remains the same ... investment even when market value of shares is 19 ITA Nos.2453, 2454, 2447 & 2448/DEL/2022 zero. We have carefully perused the above