Arbitrary valuation of shares not justified if shareholders succeeded in demonstrating oppression

HIGH COURT OF DELHI Nagesh Kumar versus Nagesh Hosiery Exports Ltd. CO. A (SB) No. 18 of 2008 MARCH  5, 2013 JUDGMENT 1. This appeal under Section 10F of the Companies Act, 1956 (‘Act’) is directed against a judgment dated 11th June 2008 passed by the Company Law Board (‘CLB’), Principal Bench in Company Petition No. 97 of 2006 filed by Appellant 1, Mr. Nagesh Kumar and his wife Appellant 2, Mrs. Renu Mehra. Background Facts 2. The background to the present appeal is that Respondent 2 Mr. Vidya Prakash Mehra, is the father of Appellant 1 Nagesh Kumar, ...