Wednesday, 3 December 2014

Valuation of shares by a Valuer appointed by Court is binding on both parties to contract unless it

CL: Where company Court made it clear that only on agreement between rival shareholder groups on value of shares determined by valuation officer, merely because CLB had stated that valuation, once submitted, would be binding, sale of shares by respondent group at a non-acceptable rate could not be apprehended


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