lose right or title in the shares; this is
evident from the shares at the time of first invocation though having
been transferred from ... sale, Regulation 58
provides for notice post invocation and on which invocation beneficial
ownership of pledged shares changes from that of the pledgor to that
transfer of the pledged shares of CGP, in the name of the
Debenture Trustee, with the understanding that the shares would be
released in favour ... SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 (hereinafter referred to as ―the 2011
SEBI Regulations‖), regarding invocation, to the effect that the
Respondent
worthy of
granting leave. As regards the defence based on invocation of pledged
shares, the learned Senior Counsel would counter by canvassing a
submission that ... Notice of Invocation of
pledge, to bolster up the submission that, post the invocation of the pledged
shares, the Plaintiff has declared its animus that
Consequence of Invocation:
3.2.1 Irrespective of anything contained in this Agreement, on
invocation of pledge, the shares comprised in the Collateral will
not become ... sale,
Regulation 58 provides for notice post invocation and on which
invocation beneficial ownership of pledged shares changes from that
of the pledgor to that
challenge in these petitions is to a Pledge Invocation
Notice ('Pledge Invocation Notice' for short) dated June 12, 2020
issued to the petitioners ... Dish TV shares as on June 23, 2020
was Rs. 9.10/- per share (total value of Dish TV pledged shares
Rs. 56.8 Crores). Thus
will not
be entitled to any credit/ adjustment on such
invocation transfer of shares to the lenders
account on that date. The amount which ... would not be entitled to any credit/adjustment on such
invocation/transfer of shares to the lender’s account on that
date. It further provided
further observed, inter alia, that all documents relating to the
invocation of the pledged shares shall be placed before the Single
Judge. The Division Bench ... fair valuation of shares and ensure
transparency with respect to invocation of the pledged shares of
Shipra Group companies. However, the mala fide conduct
shares i.e the Pledge created by the
Appellant over the pledged shares under the SPA and the pledge created
over the NOVA pledged shares ... invocation' as
required under the terms of the Transaction Documents. This notice
constitutes a notice for invocation of collateral pledged shares for the
purpose
shares i.e. 30% promoters' shares in the
defendant no.2 company and hence, the aforesaid shares were
CS(COMM) 667/2022 Signature
Page ... shares was made clear
to the plaintiff when the pledged shares were invoked by the defendant
bank on 6th September, 2022. The intimation of invocation
Exclusive Pledge Agreement and the Pari Passu Pledge
Agreement for invocation and sale of shares pledged to IFIN
under the Pledge Agreements dated 27th March ... which
would be evident from the Notice of Invocation and Sale of
Shares issued by IFIN on 2nd July, 2020.
(iv) The pledge of shares
