“ 23. In view of the same, I am of the view that these parties may have to part ways on fair valuation, since the respondents are still running company, the respondents shall provide honourable exit to the petitioner on fair valuation on 50-50 basis. Now the company has land for development, therefore the company business being real estate, the ·proper value could be ascertained only when it is assessed on asset base valuation. Since the asset lying in the company being immovable property and appreciating time to time, the cut-off date for valuation shall be taken as 31.03.2014. For valuation of the shares of the company on asset based valuation, Shri Deependra Mohan, C.A. 1, Swadeshi Bima Nagar, M.G. Road, Agra (Phone No. 0562-2524040, Mob9219650111) is hereby appointed as valuer on remuneration agreeable to the valuer. The petitioner and R1&2 shall bear the remuneration 50:50 i.e. in proportion to their shareholding. The valuer shall file the report within two months from the date of order; the parties shall cooperate with the valuer in providing information for valuation as directed· by this Bench.
