Restrain the Respondent No.1 from acting on the Pledge
Invocation Notice against the Petitioner, including from
invoking the pledge and / or selling the pledge ... also states that till the next date of hearing, the Pledge Invocation
Notice dated June 12, 2020 shall not be acted upon. The statement
Restrain the Respondent No.1 from acting on the Pledge
Invocation Notice against the Petitioner, including from
invoking the pledge and / or selling the pledge ... also states that till the next date of hearing, the Pledge Invocation
Notice dated June 12, 2020 shall not be acted upon. The statement
Restrain the respondent No.1 from acting on the Pledge
Invocation Notice against the Petitioner, including from invoking
the pledge and / or selling the pledge ... also states that till the next date of hearing, the Pledge Invocation
Notice dated June 12, 2020 shall not be acted upon. The statement
agreed consideration
for sale of the Pledged Shares. In terms of the impugned
notice, the Pledged Shares have been sold at ₹900 crores ... Signing Date:06.12.2022
09:54:56
pledge of the Pledged Shares in terms of the Sale Notice.
The invocation of pledge cannot be made
Stay the effect and operation of the invocation Notice dated
17.05.2022 pertaining to the Pledge Agreement dated
26.06.2014.
ii. Pass an Order directing the Defendants
respondent and, had
not mentioned the Pledge Agreement. Although it is correct that the notice
dated 14.04.2021 issued by the petitioner invoking the arbitration clause ... however, the subject of the notice
clearly indicates that it was a notice for invocation of arbitration under the
Pledge Agreement dated 06.04.2018. The extract
invoked the Pledge under the SPA and the defendant No.1
transferred the pledged shares to itself.
13. It is pointed out that under ... effect to, before the defendant No.1 appropriated the pledged shares. The
Notice for Invocation (Document No. 24 of the Plaintiff's Documents
disputes that have arisen under the Pledge
Agreement dated 13th December, 2019. The notice of invocation was issued
on 15th February, 2021. The Respondent
disputes that have arisen under the Pledge
Agreement dated 26th December, 2019. The notice of invocation was issued
on 15th February, 2021. The Respondent
Pavuluri, learned counsel for the petitioner that
the invocation of the Share Pledge Agreement is unwarranted and the act
of transferring the shares are contrary ... usurp the
shares of the petitioners. The notice dated 31.03.2023 and 11.05.2023 for
invocation of pledge agreements showing an amount
