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
senior counsel representing the respondent
relies on the notice of invocation and sale of shares dated 2nd July, 2020 which
mentions certain Pledge Agreements, Subscription ... refrain from selling any further shares
(the balance shares) which form the subject matter of the Notice of Invocation
and Sale of Shares dated
hold 53.02% of the shares
in the defendant no. 25. The pledged shares constitute 10% of the total issued
shares of the said company. Plaintiff ... such consideration the pledge invocation notices all dated
27th July, 2018 cannot be invoked and enforced.
The invocation of the share pledge agreement
invocation and sale of the two sets of
pledged shares. For the shares pledged against the Working Capital
Facility, the petitioner was granted time till ... petitioner
submits that the basis of the notice of invocation and sale of pledged
shares is default in payment. Such alleged default in payment
which the respondent has
threatened to sell the shares of the petitioner. The notice of invocation is under
Section 176 of The Indian Contract ... Birla Tyres
contrary to the terms of the invocation letter. The date of sale of such shares is
shown to be 30.07.2021. Counsel also places
application by the pledgor challenging the notice for invocation
of pledge under the share pledge agreement dated 24th November, 2014. The
defendant ... NCLT and
in view of discharge of such debts, the said invocation is illegal. It is submitted
that the interests of the debtors were protected
supplementary affidavit to bring on record that, a
notice of invocation of pledged shares had been issued by the petitioner, which
indicated that the dispute
supplementary affidavit to bring on record that, a
notice of invocation of pledged shares had been issued by the petitioner, which
indicated that the dispute
notices dated 23rd February, 2022
with regard to invocation and sale of the pledged equity shares.
2
Leave is sought to file a supplementary affidavit
The Board Of Trustees Of The Port Of ... vs Louis Dreyfus Armatures Sas & Ors
