Thakrar v Thakrar & Ors [2001] EWCA Civ 262 (20 February 2001)

Thakrar v Thakrar & Ors [2001] EWCA Civ 262 (20 February 2001)

The judge's approach to share valuation, including acceptance of the expert's multiple, was within the bounds of judicial judgment and not plainly wrong; no grounds for appeal.

Citation
[2001] EWCA Civ 262
Parties
Petitioner/applicant (respondent): Kirit Lalji Thakrar; Respondent (applicant): Rasik Lalji Thakrar; Respondent (applicant): Vinod Lalji Thakrar; Respondent (applicant): Nilesh Rasik Thakrar; Respondent (applicant): Ciro Citterio Menswear Plc
Jurisdiction
England and Wales
Judgment Date
20 February 2001
Procedural Posture
Application for Permission to Appeal / Court of Appeal (civil Division), Post Judgment
Outcome
application for permission to appeal dismissed
Legal Topics
Share Valuation, Expert Evidence, Judicial Discretion, Appeal Procedure
Company Law Civil Procedure Share Valuation Expert Evidence Judicial Discretion Appeal Procedure

Case Brief

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Parties

Kirit Lalji Thakrar

Petitioner/applicant (respondent)

Rasik Lalji Thakrar

Respondent (applicant)

Vinod Lalji Thakrar

Respondent (applicant)

Nilesh Rasik Thakrar

Respondent (applicant)

Ciro Citterio Menswear Plc

Respondent (applicant)

Procedural Posture

Application for Permission to Appeal / Court of Appeal (civil Division), Post Judgment

Legal Issues

  1. 1 Was the judge's acceptance of the expert's valuation multiple justified?
  2. 2 Did the judge err in his approach to share valuation in a closely held company?

Ratio Decidendi

The judge's approach to share valuation, including acceptance of the expert's multiple, was within the bounds of judicial judgment and not plainly wrong; no grounds for appeal.

Court Disposition

application for permission to appeal dismissed

Orders

  • permission to appeal refused