share transfer deed has to be
adequately stamped at the rate applicable.
13
Therefore, in the context of disputes involving
shares and share holder status ... criminal case as the adjudication of title over the
shares demands invocation of civil proceedings and it
is only the NCLT, which is competent
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
creating a mortgage in
respect of its assets. The Company also pledged shares
to the extent of 73.71%. However, it is averred in the
writ ... Bank
proposed to recover the outstanding debts through
invocation of pledge held by consortium over 73.71%
shares of the company. The consortium thereafter,
invoked
held that the Appellant
having duly declared the share transactions in the return of
income, the invocation of provisions of section
invoked the pledge agreement by
invocation notice dated 28.09.2024 and sought for
transfer of the shares vide sale notice dated 28.09.2024.
The 1st plaintiff filed ... 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
held that the
Appellant having duly declared the share transactions in the
return of income, the invocation of provisions of section147
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
same is taxable u/s. 56(2)(x)(c) ; since
the shares are sold before 31.3.2018, there is a case of
short term capital gains ... replies inter alia stating
that Sec.56(2)(x)(c) was not invocable; the issue of
- 43 -
WP No. 8797/2022
same is taxable u/s. 56(2)(x)(c) ; since
the shares are sold before 31.3.2018, there is a case of
short term capital gains ... replies inter alia stating
that Sec.56(2)(x)(c) was not invocable; the issue of
- 43 -
WP No. 8797/2022
hand or post to the bank addressed as aforesaid.
11.5. The invocation email sent on 29.3.2019 at 7.01
p.m. is reproduced hereunder for easy ... Kindly Share with us the bank advise as a confirmation
that you have credited our below mentioned bank
account on account of invocation
Account
