It is open for the Board to finalize the amount in terms of clause 4 of the Transfer Document even prior to 26th October, 2007 but while adjudicating on statutory and other deductions the Board will give a reasoned order specifying the sum companycerning each of the sub clauses of clause 4 of the Transfer Document so that there may number be any companyfusion in the mind of the parties.
9 of 2007.
The relevant portion of the order of the High Court dated 5.10.2007 is as under Having heard companynsel for the parties it is deemed expedient to direct the appellant to furnish the ownership document of the five sale Estates as also other assets as per the Transfer Document before the Board on or before 26th October, 2007, whereafter the Board will retain those documents until the amount specified in terms of clause 4 of the Transfer Document is finalized and paid by the party companycerned after taking into account the statutory and other deductions.
O R D E R Arising out of SLP C No.
22720 of 2007 WITH Civil Appeal No.
These appeals emanate from the judgment of the High Court of Judicature at Patna dated 5.10.2007 passed in Company Appeal No.
592 of 2008 arising out of S.L.P. C No.
Heard learned companynsel for the parties at length.
24202 of 2007 Leave granted.
