acting upon the
invocation notice dated 28.09.2024 and from taking any further
action regarding transfer or encumbrance of the pledged shares
of Mantri Infrastructure ... defendant Nos.1 to 3 from enforcing or acting upon
invocation notice dated 28.09.2024. The respondents also filed
applications and order is passed only
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
DIRECT RESPONDENTS TO CONDUCT THE BIDDING
PROCESS FOR THE PLEDGED SHARES STIPULATED IN
THE INVOCATION NOTICE AT ANNEX-G IN A FAIR AN
RESONABLE MANNER
N.P. Amrutesh And Another vs State Of Karnataka And Others on 22 February, 1995
Bankers right under the pledge agreement has now
become enforceable.
4. The Consortium of Banks thereafter, issued a
notice on 02.04.2013 invoking the guarantees issued ... make
payment of 6493.29 Crores. On 03.05.2013, Consortium of
Banks issued notices under the Securitization and
Reconstruction of Financial Assets and Enforcement of
10
Security Interest
Subject to the provisions of the pledge
document, the pledgee may invoke the pledge
and on such invocation, the depository shall
register the pledgee ... transfer of security in respect of which a
notice or entry of pledge or hypothecation is in
force shall be effected by a participant without
Code of Civil Procedure , seeking injunction of the
invocation of pledge.
2. Heard Sri. C.K.Nandakumar, learned Senior Counsel
appearing for the petitioners ... order on I.A.Nos.1 and 2 to stay the invocation of
pledge and all consequent actions on the score that the
Court
Ms. Bushra Abdul Aleem vs Government Of Karnataka on 30 August, 2019
Equivalent citations: AIRONLINE
Sri U M Ramesh Rao vs Union Bank Of India on 29 January, 2021
Equivalent
Mysore Chest Care And Pain Therapy ... vs State Of Karnataka And Another on 8 June
