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. The BIFR
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
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
DCKL. It was
running in losses and it's share value was zero. As per the letter issued
by the Company Secretary
colly). He further relied
upon summary of value of all shares in the name of deceased as Ex.PW1/P.
14. Thereafter, petitioner ... number of shares of
following companies and their value shall be treated as follows :
1. Garware Nylons Ltd 75 shares market Value Zero
2. Finolex
same has been redeemed on
11.12.2013. Presently the value of above shares is zero. The
same was Ex.RW8/A (colly ... same has been redeemed on 11.12.2013. Presently
the value of above shares is zero.
20. Ex. RW8/A proves that deceased Mr. Surjeet Singh
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
