pledged in favour of Financial Creditor. On
19.09.2022, a Share Pledge Agreement was entered into
pursuant to MoU. On 29.11.2022, a pledge invocation notice ... sole discretion of
Financial Creditor to invoke the shares and pledge invocation was noticed
on 29.11.2022 and thereafter shares were realized and the amount, which
defaulted on its loan obligations and accordingly
HDFC invoked the pledge and sold the pledged securities. Respondent No.1
filed Appeal ... transfer of her shares by
BRH. SEBI issued notices to HDFC Bank alleging illegal invocation of
pledge of securities. By order dated 21 January
provide at least 2
days notice. Even two days period notice was not reasonable. The
Sale Notice dated 5 September 2023 was never served ... Share Pledge Agreement and
Pledge Power of Attorney executed in favour of Vistra (D3). There
is no infirmity in either invocation of the pledge
provide at least 2
days notice. Even two days period notice was not reasonable. The
Sale Notice dated 5 September 2023 was never served ... Share Pledge Agreement and
Pledge Power of Attorney executed in favour of Vistra (D3). There
is no infirmity in either invocation of the pledge
defaulted on its loan obligations and accordingly
HDFC invoked the pledge and sold the pledged securities. Respondent No.1
filed Appeal ... transfer of her shares by
BRH. SEBI issued notices to HDFC Bank alleging illegal invocation of
pledge of securities. By order dated 21 January
filed a supplementary affidavit to bring on record that, a
notice of invocation of pledged shares had been issued by the petitioner, which
indicated that ... fraud. However, in the first
paragraph of the reply to the notice invoking arbitration, the learned advocate
for the respondents has stated thus
filed a supplementary affidavit to bring on record that, a
notice of invocation of pledged shares had been issued by the petitioner, which
indicated that
notice was
issued by Defendant No.1 for initiation of sale of pledge shares to the
Plaintiffs and Defendant No.2. As per the notice ... advocate's notice asserting existence of valid pledge. On
20 September 2021, Pledge Invocation Forms were issued by
Defendant No.1-Bank instructing
notice was
issued by Defendant No.1 for initiation of sale of pledge shares to the
Plaintiffs and Defendant No.2. As per the notice ... advocate's notice asserting existence of valid pledge. On
20 September 2021, Pledge Invocation Forms were issued by
Defendant No.1-Bank instructing
thereafter
-6-
defendant No.1 invoked the pledge agreement by
invocation notice dated 28.09.2024 and sought for
transfer of the shares vide sale notice dated ... acting upon the invocation
notices dated 28.09.2024 and from undertaking any
further proceedings related to the transfer or encumbrance
of the pledged shares of plaintiffs
