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october 2003

Supreme Court of India · 2003-10-30

Dr. Mrs. Renuka Datla vs Solvay Pharmaceutical B.V. & Ors

Citation / case number
AIR 2004 SUPREME COURT 321
Court
Supreme Court of India
Petitioner
Dr. Mrs. Renuka Datla
Respondent
Solvay Pharmaceutical B.V. & Ors
Author
P. Venkatarama Reddi
Bench
S. Rajendra Babu, P. Venkatarama Reddi, Arun Kumar

Judgment text excerpt

The Supreme Court addressed disputes between shareholders of two pharmaceutical companies regarding the transfer of shareholdings. The Court noted that the parties reached a mutual settlement, which included the valuation of the companies and the shares held by the petitioners. The Court held that the valuation by the appointed Chartered Accountant would be final and binding, and stipulated terms for payment and interest in case of delays. The outcome was a resolution of the disputes through settlement rather than litigation.

Dr. Mrs. Renuka Datla vs Solvay Pharmaceutical B.V. & Ors · Niyam