YASHRAJ GOVINDBHAI PATEL vs PATEL ENGINEERING CO

The Supreme Court addressed the interpretation of clause 21.3(a) of the consent terms in Company Appeal 2/94, which pertains to the valuation of shares as determined by an expert under the Companies Act, 1956. The Court held that the valuation per share made by the expert is binding as per the consent order dated 5.3.93, emphasizing that the consent terms must be adhered to by both parties. The appeal was decided in favor of the K.Y. Patel group, affirming the valuation process outlined in the consent terms.