Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree

The Supreme Court has brought closure to a 50-year-long dispute regarding the undervaluation of shares by Chartered Accountant (CA) firms. The court ordered that simple interest be granted from 1975, along with post-decree interest. This decision resolves a prolonged legal battle, providing clarity on the valuation of shares and the liabilities of CA firms. The ruling emphasizes the importance of accurate and fair valuation practices in financial transactions. It sets a precedent for handling long-standing disputes, ensuring equitable outcomes.