Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]
The Supreme Court observed that the Petitioner had suffered an undeniable financial disadvantage due to the protracted nature of the legal proceedings
The Supreme Court of india recently resolved a nearly five-decade old dispute regarding the undervaluation of the share price of a Chartered Accountancy (CA) firm, ordering the levy of 6% interest per annum on the estimated share price from 1975 onwards and another 9% interest per annum on the share price from the date of…
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